logo
Zip Unveils Suite of 50 AI Agents to Automate High-Impact Tasks Across Finance, Legal, Procurement, IT, and Security

Zip Unveils Suite of 50 AI Agents to Automate High-Impact Tasks Across Finance, Legal, Procurement, IT, and Security

Business Wire11-06-2025
SAN FRANCISCO--(BUSINESS WIRE)-- Zip, the AI platform for procurement, today unveiled a groundbreaking suite of 50 purpose-built AI agents at its inaugural Zip AI Summit in Brooklyn, New York. Leveraging Zip's agentic AI suite for procurement, companies can now eliminate millions of hours of manual, tedious work currently plaguing every department across the enterprise – from tariff assessments to contract reviews, compliance checks, and more. With this launch, Zip introduces agentic procurement orchestration, a breakthrough new category that automates the entire purchasing process, giving the world's largest organizations a competitive edge in an increasingly volatile and resource-tight global market.
'Zip's approach to agentic AI is going to make global companies more secure, save them millions of hours of laborious work, and generate billions in hard-dollar savings,' said Rujul Zaparde, Co-Founder and CEO of Zip.
Procurement represents the second-largest spend category after payroll, yet remarkably few organizations have successfully applied AI, leaving trillions of dollars managed through manual, error-prone processes. Zip, which became the first procurement platform to introduce generative AI features back in 2023, has already helped hundreds of global companies streamline purchasing – delivering over 4.6 million actionable AI insights and saving customers billions. Today's launch represents a fundamental leap forward as Zip moves beyond AI-assisted workflows to deploying intelligent agents that autonomously complete entire tasks on their own.
'Today Zip is cutting through the agentic AI hype with AI agents that actually work,' said Rujul Zaparde, Co-Founder and CEO of Zip. 'Not vague chatbots. Not generic assistants. Real, specialized AI agents that do one job and do it perfectly. Zip's approach to agentic AI is going to make global companies more secure, save them millions of hours of laborious work, and generate billions in hard-dollar savings.'
OpenAI, Canva, Wiz, and Webflow are among the first companies to leverage Zip's groundbreaking AI agents. These and other long-time Zip customers have collaborated closely within the Zip AI Lab – launched during the company's landmark Series D funding round – flagging pain points across the purchasing lifecycle that the platform now addresses autonomously.
'We've worked closely with the Zip team to power their agentic platform and it's been really exciting to see how quickly they've turned real-world procurement pain points into focused AI task agents with our APIs,' said Kathryn Devlin, Head of Procure-to-Pay Operations, Travel and Expense at OpenAI. 'As part of our overall collaboration, we're excited to be among the first to integrate their AI agents to help manage spending and drive efficiency across the organization.'
Zip's Agentic AI Suite at a Glance
Zip's suite of 50+ AI agents enables customers to automate complex procurement tasks, including:
AI Agent Builder: Provides an easy, no-code platform to build, customize, deploy and train AI agents.
Tariff Analysis Agent: Dynamically assesses the impact of global trade policies on vendor pricing, helping companies navigate complex international procurement landscapes.
Competitive Research Agent: Surfaces vendor alternatives and market rates to inform smarter, more strategic sourcing decisions.
RFP Generation Agent: Drafts tailored Request for Proposal documents based on specific purchase requirements, dramatically reducing manual preparation time.
DORA Assessment Agent: Screens vendors for DORA exposure and surfaces red flags for legal and procurement.
GDPR Compliance Agent: Flags potential privacy risks in vendor documents, ensuring regulatory compliance.
ESG Profile Agent: Identifies and evaluates ethical and sustainability concerns in potential supplier relationships.
'We live in a world where procurement leaders need to utilize AI for our advantage, and Zip's approach to agentic AI does exactly that,' said Idan Cohen, Technology Procurement at Wiz. 'We'll save so much time on the technical work and day-to-day tasks that we need to do as part of the procurement process, and be enabled to really focus on what we're supposed to do – being a true partner to the business and to our vendors.'
"Zip created an entirely new category of procurement applications, so it is appropriate to see them pressing forward and launching a suite of AI Agents, plus an AI Agent builder, that will drive efficiency, compliance and, ultimately, savings. Shaped by input from many of their hundreds of clients, Zip is providing a pathway to the future of procurement. We can't wait to see Zip Agents in action," said Patrick Reymann, Research Director, Procurement and Enterprise Applications, IDC.
For more information or to request a demo, visit www.ziphq.com/ai.
About Zip
Zip is the world's leading agentic procurement orchestration platform, empowering businesses to accelerate the procurement process, mitigate risk, and drive growth by offering a single front door to unify the teams, tasks, and tools involved in working with suppliers. With Zip, businesses can maximize employee adoption of purchasing policies and increase spend visibility and control. As the leading solution for optimizing business spend, Zip's AI-powered platform is trusted by hundreds of leading enterprises worldwide, including AMD, Anthropic, Coinbase, Discover, Dollar Tree, HP, Instacart, Invesco, Lyft, Northwestern Mutual, Prudential, Reddit, Sephora, and Snowflake to maximize the ROI of every dollar. To learn more, visit ziphq.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NIQ Announces Refinancing Transaction
NIQ Announces Refinancing Transaction

Yahoo

time11 minutes ago

  • Yahoo

NIQ Announces Refinancing Transaction

CHICAGO, August 13, 2025--(BUSINESS WIRE)--NIQ Global Intelligence plc (NYSE: NIQ) (the "Company", or "NIQ"), a leading global consumer intelligence company, today announced the successful refinancing of its Dollar Term Loan facility ("USD TL") and its Euro Term Loan facility ("Euro TL", and together with USD TL, "Term Loan Facilities") and the successful repricing of its revolving credit facility ("RCF"). The transaction, which closed on August 12, 2025, took advantage of a favorable market window to, among other things, extend the maturities and reduce the interest rate spread on the Term Loan Facilities and reduce the interest rate spread on the RCF. The transaction: Repriced and extended $2,264 million USD TL Extended maturity by approximately 2.5 years from March 2028 to October 2030 Reduced spread by 0.75% from SOFR+3.25% to SOFR+2.50% Included a 0.25% spread stepdown upon achieving 3.25x or lower first lien net leverage ratio based on Credit Agreement Adjusted EBITDA Repriced and extended €1,135 million EUR TL Utilized a portion of IPO proceeds to pay down €255 million of the existing EUR TL from €1,390 million to €1,135 million Extended maturity by approximately 2.5 years from March 2028 to October 2030 Reduced spread by 0.25% from EURIBOR+3.25% to EURIBOR+3.00% Included a 0.25% spread stepdown upon achieving 3.25x or lower first lien net leverage based on Credit Agreement Adjusted EBITDA Repriced $750 million RCF Reduced spread by 0.50% from SOFR+2.75% to SOFR+2.25% Included two 0.25% spread stepdowns upon achieving 3.25x and 2.75x or lower, respectively, first lien net leverage based on Credit Agreement Adjusted EBITDA Additionally, NIQ paid down in full the Canadian Term Loan Facility in the amount of CAD$123 million and paid down €255 million of the prior EUR TL from €1,390 million to €1,135 million, using a portion of IPO proceeds Prior to the transaction, NIQ utilized a portion of IPO proceeds to fully repay all outstanding principal amounts of its revolving credit facility on July 24, 2025 in the amount of $563 million. "Following the recently completed initial public offering, NIQ proactively chose to optimize the capital structure by extending maturity on the Term Loan Facilities by approximately 2.5 years to October 2030. Through our IPO and successful refinancing, we have reduced interest expense by nearly $100 million per year. We also have built-in interest spread step-downs in our Credit Agreement that could deliver another roughly $10 million of annual interest savings as our net leverage ratio decreases," said Mike Burwell, Chief Financial Officer of NIQ. "Our continued improvement in credit profile is acknowledged by the rating agencies with Moody's and Fitch providing us with a one notch upgrade to B1 and BB-, respectively, and S&P revising our outlook to positive from stable." Additional details on the terms of the amendment will be made available in the Form 10-Q to be filed with the Securities and Exchange Commission on August 14, 2025. About NIQ NIQ is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™. For more information, please visit Forward-looking Statements This press release contains forward-looking statements. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including the expected benefits of the refinancing transaction and other statements contained in this press release that are not historical facts. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, risks and uncertainties related to market conditions and the risks identified under the heading "Risk Factors" in our final prospectus dated July 22, 2025, and filed with the Securities and Exchange Commission on July 24, 2025, as well as the other information we file with the SEC. We caution investors not to place undue reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. NIQ-IR View source version on Contacts Investors: Media: Sign in to access your portfolio

Shareholder Alert: The Ademi Firm Investigates Whether HanesBrands Inc. Is Obtaining a Fair Price for Its Public Shareholders
Shareholder Alert: The Ademi Firm Investigates Whether HanesBrands Inc. Is Obtaining a Fair Price for Its Public Shareholders

Business Wire

time13 minutes ago

  • Business Wire

Shareholder Alert: The Ademi Firm Investigates Whether HanesBrands Inc. Is Obtaining a Fair Price for Its Public Shareholders

MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating HanesBrands (NYSE: HBI) for possible breaches of fiduciary duty and other violations of law in its transaction with Gildan. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. Shareholders of HanesBrands will receive 0.102 Gildan shares and $0.80 cash for each HanesBrands share. The offer represents $6.00 per HanesBrands share and values HanesBrands at approximately $2.2 billion in equity value and $4.4 billion in enterprise value, based on Gildan's closing stock price on August 11, 2025. HanesBrands insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for HanesBrands by imposing a significant penalty if HanesBrands accepts a competing bid. We are investigating the conduct of the HanesBrands board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

NIQ Announces Refinancing Transaction
NIQ Announces Refinancing Transaction

Business Wire

time13 minutes ago

  • Business Wire

NIQ Announces Refinancing Transaction

CHICAGO--(BUSINESS WIRE)--NIQ Global Intelligence plc (NYSE: NIQ) (the 'Company', or 'NIQ'), a leading global consumer intelligence company, today announced the successful refinancing of its Dollar Term Loan facility ('USD TL') and its Euro Term Loan facility ('Euro TL', and together with USD TL, 'Term Loan Facilities') and the successful repricing of its revolving credit facility ('RCF'). The transaction, which closed on August 12, 2025, took advantage of a favorable market window to, among other things, extend the maturities and reduce the interest rate spread on the Term Loan Facilities and reduce the interest rate spread on the RCF. The transaction: Additionally, NIQ paid down in full the Canadian Term Loan Facility in the amount of CAD$123 million and paid down €255 million of the prior EUR TL from €1,390 million to €1,135 million, using a portion of IPO proceeds Prior to the transaction, NIQ utilized a portion of IPO proceeds to fully repay all outstanding principal amounts of its revolving credit facility on July 24, 2025 in the amount of $563 million. 'Following the recently completed initial public offering, NIQ proactively chose to optimize the capital structure by extending maturity on the Term Loan Facilities by approximately 2.5 years to October 2030. Through our IPO and successful refinancing, we have reduced interest expense by nearly $100 million per year. We also have built-in interest spread step-downs in our Credit Agreement that could deliver another roughly $10 million of annual interest savings as our net leverage ratio decreases,' said Mike Burwell, Chief Financial Officer of NIQ. 'Our continued improvement in credit profile is acknowledged by the rating agencies with Moody's and Fitch providing us with a one notch upgrade to B1 and BB-, respectively, and S&P revising our outlook to positive from stable.' Additional details on the terms of the amendment will be made available in the Form 10-Q to be filed with the Securities and Exchange Commission on August 14, 2025. About NIQ NIQ is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™. For more information, please visit Forward-looking Statements This press release contains forward-looking statements. These forward-looking statements generally can be identified by the use of words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'believe,' 'estimate,' 'forecast,' 'goal,' 'project,' and other words of similar meaning. These forward-looking statements address various matters including the expected benefits of the refinancing transaction and other statements contained in this press release that are not historical facts. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, risks and uncertainties related to market conditions and the risks identified under the heading 'Risk Factors' in our final prospectus dated July 22, 2025, and filed with the Securities and Exchange Commission on July 24, 2025, as well as the other information we file with the SEC. We caution investors not to place undue reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. NIQ-IR

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store