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Top ZipHQ Alternatives and Competitors in 2024


In this article, we take a closer look at the alternatives to ZipHQ, a modern procurement solution, observing top solutions like Tipalti. Ready to start automating?

The Top Alternatives to Zip

Tipalti

Tipalti offers procurement tools for a business to gain visibility into spend. Companies use Tipalti’s procurement software to capture, approve, and track spend. Save your team manual workloads and modernize operations with a powerful, easy-to-use platform that provides greater control over spending.

It’s time to move procurement away from ad-hoc emails, documents, tickets, and spreadsheets. Automation is the key to reducing maverick purchases, compliance risk, and manual processes. Tipalti customers see results with 90% spend under management, 3x faster approval cycles, and deployment in less than a month.

Top Features

  • Collect Requests: Set up custom request forms for both vendors and purchases, ensuring the right data is always collected.
  • Manage Approvals: Easy to build and manage approval workflows to match company policies without slowing down.
  • Monitor Spending: Gain complete visibility into the purchasing process with easy access to documents and an audit trail.

Strengths

Simple Requisitions

Tipalti offers simple, pre-defined, customizable forms so staff can easily submit purchase requests. Not only does this ensure you collect critical data upfront, but it also centralizes control.

Integrations

The Amazon Punchout feature enables an integrated Amazon Business buying process. This includes everything from purchase requests and approvals, to order fulfillment. Regain total visibility while saving money with Amazon’s business-only pricing.

Tipalti integrates with all leading enterprise resource planning (ERP) systems. This includes top brands like Xero, NetSuite, Quickbooks, Sage Intacct, Xero, Microsoft Dynamics Business Central, and more, for data syncing.

Tipalti Procurement integrates with over 30 different ticketing systems, helping to streamline approval workflows and shorten approval time. 

Tipalti’s API

Tipalti’s API lets you connect your tech stack to the Tipalti solution. This will automatically trigger actions like approval, payments, data sync, and much more.

Pricing

Tipalti procurement plans depend on the number of requesters and approvers using the solution. Discounts apply when procurement is bundled together with Tipalti’s AP Automation solution.

Teampay

Teampay helps a business get ahead of spend with automated controls, greater visibility, and user-friendly analytics. Every purchase updates automatically, giving a company visibility into how it is tracking with a live reporting dashboard.

Optimize costs across your entire vendor portfolio and customize automated workflows that help control purchasing upfront. This works to enforce policies and directs employees to preferred vendors before a single dollar is spent. Teampay’s proactive approach makes it easy to code transactions as they happen.

Top Features

  • Leverage Data: Data updates as transactions happen; quickly view vendor spend or export data.
  • Automate Policies: Automated workflows help control purchasing upfront, prioritizing preferred vendors.
  • Immediate Reconciliation: Import your chart of accounts and automatically reconcile with a vendor list.

Strengths

All-in-One Spend

Teampay integrates the tools teams use across every stage of the spend process, capturing all data in a single spot. This helps to deliver more accurate and relevant visibility into the data you need.

Ease-of-Use

The Teampay solution simplifies procurement and the approval process, with automation designed to guide and drive an intuitive spending process. It works the way people work, with easy implementation and zero training required.

Simple Automation

Spend more time on valuable tasks by automating repetitive, routine work. This creates more space in your day to focus on business growth.

Pricing

The cost to use Teampay requires a custom quote. They do offer a free, custom demo to see if the tool is a good fit for your business.

Precoro

Precoro is a procurement solution that helps a business streamline approval workflows, match invoices with receipts, set up rules for cost centers, control stock, and purchase directly from Amazon Business. It’s a fully automated process in one tool, with a completely customizable platform that makes procurement easier for your team.

The Precoro platform is easy to use and implement. Automate manual purchasing, improve team collaboration, and sync useful apps using intuitive features. Empower employees to enjoy procurement-related operations, increase order processing speed, and get 2.5x faster approvals.

Top Features

  • Purchase Requests: Create, manage, and collect all types of purchasing requests.
  • Approval Workflows: Workflow scenario builder and document-based approvals.
  • Order Management: Manage a company’s expenses, purchases, stock, and payments.

Strengths

Continuous Support

Lifetime support of the product, with a 98% customer satisfaction rate. Using Precoro, there is also 80% less manual data entry.

Better Control

Plan, automate, and control operations and corporate spend. This includes greater oversight of budgets, reports, expenses, supplier management, 3-way matching, and products.

Real-time Tracking

Easily create a purchase request and track it in real-time. Precoro gives a procurement voice to employees and peace of mind to approvers.

Pricing

Precoro offers a 14-day free trial and simple, user-based pricing customized for your business type. For smaller teams with 20 users or less, the cost is $35/month, billed annually. For larger teams with over 20 users, pricing is individually tailored.

Procurement Express

ProcurementExpress.com is a simple procurement software solution that allows team members to create purchase requests on-the-go, and get approved by pre-defined parties. All relevant comments and documents can be attached to the PO, and easily managed for reporting and auditing.

A business can use Procurement Express to view and manage budgets in real time for insightful decision-making on each purchase. Eliminate spending mistakes and keep employees accountable for company card purchases. Draw accurate reports with a simple click, allowing your team to remotely manage POs anywhere in the world.

Top Features

  • Purchase Requests and Approvals: Create PRs in minutes and quickly approve or reject requests.
  • Custom Fields and Line Items: Set unique custom fields and upload all essential purchase data in minutes.
  • 3-Way Matching: Cross-reference and verify AP expenses and turn your shopping cart into a draft PO.

Strengths

Cloud-Based

ProcurementExpress.com brings your entire purchasing process together in a single, cloud-based application. The platform’s efficient purchasing tools automate away the most menial, time-consuming tasks.

Batch Payments

Procurement Express simplifies batch payments, allowing a business to streamline financial controls and pay a variety of vendors at once.

Punchouts

Turn your online shopping cart into a ready-to-go draft purchase order. The system supports hundreds of online stores.

Pricing

Pricing is broken out into four plans:

  • Basic – $340/month
    • Self-Service Set-Up
    • Single Company
    • Reporting
  • Small Business – $680/month
    • Integrations
    • Amazon Punch-Outs
    • Standard Reporting
  • Standard – $1,700/month
    • Dedicated Implementer
    • Amazon Punchouts
    • Reporting
  • Enterprise – quote
    • Account Manager
    • Integrations
    • Custom Punchouts

Coupa

Coupa Procure is a leading spend management solution that allows a business to exercise spend control and position the company for resilience and growth. The system is ideal for organizations that seek visibility over expenses and optimization of supply chains.

The Coupa ecosystem enables finance teams to manage business spend across all of procurement, finance, and the supply chain to capture savings, mitigate risk, and improve efficiency.

The Coupa procurement system guides employees across the entire buying process. It’s built to surface preferred products and services, then alert employees to discounted pricing. The platform also provides flexible configuration rules to achieve optimum compliance.

Top Features

  • SOW-Based Spend Management: Guide teams to enter the right data for SOW-based services with flexible forms.
  • Seamless Shopping: Coupa Open Buy feature reduces rogue spend and increases savings with a central area to compare items.
  • Simple Purchase Requisitions: Automatically alerts employees to advantageous terms and discounted prices.

Strengths

Better Control

By maximizing pre-approved spend, a business can gain complete visibility of its entire purchase-to-pay process. It gives you the control needed to ensure compliance.

Spend Under Management

Simplify your PR and order processes and track them in real-time. Coupa allows you to get the most pre-approved spend flowing through the procurement system.

Ensure User Adoption

Coupa’s Source-to-Pay program provides a modern procurement experience that enables easier adoption for every employee and supplier. This type of maximized adoption, inevitably, creates maximized value.

Pricing

Coupa offers custom pricing with options for licensing or a subscription. There is a one-time setup cost for installation, configuration, and customization for on-premise software. 

The system also offers a variety of video tutorials and demos to ensure it’s the right fit before purchasing.

Tipalti vs Zip

Whether you run a startup or enterprise, understanding the top tools for procurement, and comparing those with your needs, is a critical first step to purchasing the right solution. 

Here’s a closer look at two of the top brands on the market for procurement automation: Tipalti vs Zip HQ.

What does Tipalti do?

Tipalti helps a business modernize procurement operations with a powerful, user-friendly solution that provides greater control over spending. Capture, approve, and track expenses in a single spot, while reducing maverick spend, and promoting robust risk management.

Move procurement away from ad-hoc emails, documents, and spreadsheets. Tipalti can save your team manual work and provide more transparency. Customers see results with:

  • 3x faster approval cycles
  • 90% spend under management
  • Less than 1 month to deploy

In addition to smart procurement tools, Tipalti provides an award-winning AP automation solution as well as corporate cards and expense management. It provides granular control over the payable process with a self-service supplier portal, custom approval flows, and a multi-entity architecture.

How are you automating procurement right now?

Tipaltigives a business greater control over spend and deeper insight into procurement. What are you waiting for?

Tipalti Product Capabilities Overview

Tipalti has a 99% customer retention rate with hundreds of accolades. The system offers scalability and efficiency while minimizing extra headcount. The platform saves your business money, processing transactions with 50 different payment methods, across 196 countries, in 120 currencies.

Easy Requisition Management

Capture spend from the very beginning with simple, predefined forms that employees can easily submit with purchase requests. This centralizes control and ensures you collect all critical data upfront, like employee needs, amount, and budget items.

Seamless Purchase Orders

Automatically create POs and eliminate the need for manual data entry. Tipalti Procurement generates a purchase order once a request is approved.

Built-in Punchout Integrations

Tipalti’s Amazon Punchout feature enables an integrated Amazon Business buying process, from request to fulfillment. Regain control and visibility with Amazon’s business-only pricing.

Advanced Approval Flows

Companies can automate with rule-based approvals routing. Move approvals out of emails, tickets, and spreadsheets, and leverage automation to reduce manual work and eliminate bottlenecks.

Streamlined Vendor Management

A business can use Tipalti procurement tools to streamline its vendor onboarding and management. Custom registration forms make onboarding vendors fast and frictionless, including collecting financial, contact, and contractual details.

Real-time Integrations

Get more value out of your integrations and existing tech stack. Tipalti offers pre-built integrations with leading SSO, ERPs, and Slack to power a seamless process and ensure relevant data automatically syncs.

Tipalti Procurement integrates with over 30 ticketing platforms. These integrations are applicable to purchase, vendor, and contract requests and support leading brands like Jira, ServiceNow, Asana, and Zendesk.

Tipalti Pricing

Tipalti procurement pricing plans depend on the number of requesters and approvers using the solution. Discounts apply when procurement is bundled together with Tipalti’s AP Automation solution.

What Does Zip Do?

ZipHQ is a robust procurement solution with strong upstream functionality in the source-to-pay process. They provide a single place for employees to initiate a vendor request or purchase. Requests are quickly routed for approval across several departments, like IT, finance, legal, and security.

Zip integrates with P2P and ERP platforms to quickly generate PRs and POs. It’s a solid intake-to-procure solution, helping companies gain greater visibility across all purchases, while dramatically improving the employee experience.

Zip HQ Product Capabilities Overview

Zip can help a business scale procurement operations and reduce administrative burden by up to 40%. It gets a business involved with spend earlier, reducing compliance leakage and cutting costs. Key capabilities include:

Zip Intake

Simple forms guide the purchase requester and loop in the proper stakeholders. Following approval, the requester has visibility into the open PO amount and number. The system ingests and categorizes vendors, and flags any overlaps.

Purchase Order Management

Create POs from approved requests, manage open POs, and send them to vendors through an open vendor portal. You can also manage change orders with associated approvals and sync PO data to the ERP with custom field support.

Zip Vendor Cards

Zip offers a corporate card solution that enables vendor payments while strengthening visibility into spend. Virtual cards can be issued for recurring or one-time purchases, or automatically generated for workflows based on approval conditions, like spend category or purchase price.

Renewal Management

ZipHQ has tools for a business to run a proactive renewal process. Get early warning signs before any renewals, letting teams know exactly when to start preparing for negotiations. Easily collect all performance and sentiment data needed to evaluate a renewal and automatically generate renewal workflows when contracts are uploaded.

SAP Ariba & Coupa Integrations

Zip has partnerships with both SAP Ariba and Coupa. Zip’s intake-to-procure solution and SAP Ariba or Coupa’s procure-to-pay solution give joint customers an end-to-end purchasing workflow with a consumer-style user experience.

ZipHQ Pricing

Zip does not offer pricing on its website – you will have to call for a custom quote.

Features of Tipalti vs. Zip

TipaltiZip HQ
*Limited functionality 
Procurement
Integrated procurement and payables solution. Streamline purchases with user-friendly requisitions, improve spend controls & compliance, and reduce payables processing time
Comparable capabilities – focus on intake-to-procure, downstream procure-to-pay capabilities are new.
Approvals
Easy to build and manage approval workflows that match company policies. Accelerate with advanced approval actions like ability to consult outside approval chain.
Loop in stakeholders upon request, sequenced and parallel-tracked approvals, visibility to track purchase and vendor approval pipeline, easily adjustable approval workflows.
Contracts
Contract interface to add and search contracts, and set automated notifications for renewals and renegotiations.
Centralized communication and collaboration on contract approvals through a single source.
Integrations
Amazon Punchouts, Slack, Jira, ServiceNow, Asana, Zendesk, NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics, Xero, Oracle ERP, SAP ERP, and Workday.
Oracle, NetSuite, Workday, Venminder, ProcessUnity, OneTrust, Ironclad, DocuSign, HelloSign, Jira, Asana, ServiceNow, Freshservice, Zendesk, Airtable, Slack, Teams.
Supplier Management
Onboard suppliers with self-service portal and choice of payment method, currency, etc., with 26K+ rules, validate payments, and reduce errors by 66%.
White-label self-service registration for supplier intake and approval. No contingent workforce capabilities (contractors, freelancers) or fee splitting.
Tax and Compliance
KPMG approved tax engine to collect & validate IRS, VAT tax IDs, W-9, W-8BEN, etc. against +3,000 rules. 1099 and 1042-S prep reports, auto-calculated withholdings, and eFiling services.
Tax form collection part of vendor intake but no KPMG-approved digital tax form capture and validation or global tax.
Invoice Management
OCR with header and line level data capture, change logic applied to future invoices, custom fields, expense accounts auto-filled based on predictive smart logic, 2 and 3-way PO matching, Pre-defined approval rules, and more.
Invoice inbox and email sync, vendor portal invoice uploads, OCR data capture, two-way PO matching, dynamic approval routing.
Global Remittance
Regulated MSB with MTLs across US. E-Money license in UK with FCA. Blue-chip bank partners Citi, JP Morgan Chase, Wells Fargo (plus Visa & PayPal). Pay to 196 countries in 120 currencies, 50 payment methods (ACH, global ACH/eCheck, check, wire transfer, PayPal, prepaid debit).
Partnered with Airwallex for payments. Pay vendors in 140+ countries and 40+ currencies. ACH, international ACH, wire, and check payment methods.
Corporate Cards
Physical and virtual cards; manage and reconcile card spend, receive cash-back, integrate with global payables automation platform bringing financial controls into card spend with automatic reconciliation.
Virtual cards as vendor payment method.
Expense Management
Automated expense policies, Mobile app, global reimbursements, automatic reconciliation of expense transactions, reimbursements are automatically captured, categorized, and processed.
None

Knowing Which Solution is Best for Your Business

Selecting a smart procurement solution is a critical choice for growing teams needing to streamline spend management.

Consider some of these common scenarios when choosing between Tipalti and ZipHQ:

When to Choose Tipalti?

Top Features

  • SOW-Based Spend Management: Guide teams to enter the right data for SOW-based services with flexible forms.
  • Seamless Shopping: Coupa Open Buy feature reduces rogue spend and increases savings with a central area to compare items.
  • Simple Purchase Requisitions: Automatically alerts employees to advantageous terms and discounted prices.

Strengths

Better Control

By maximizing pre-approved spend, a business can gain complete visibility of its entire purchase-to-pay process. It gives you the control needed to ensure compliance.

Spend Under Management

Simplify your PR and order processes and track them in real-time. Coupa allows you to get the most pre-approved spend flowing through the procurement system.

Ensure User Adoption

Coupa’s Source-to-Pay program provides a modern procurement experience that enables easier adoption for every employee and supplier. This type of maximized adoption, inevitably, creates maximized value.

Pricing

Coupa offers custom pricing with options for licensing or a subscription. There is a one-time setup cost for installation, configuration, and customization for on-premise software. 

The system also offers a variety of video tutorials and demos to ensure it’s the right fit before purchasing.

When to Choose Zip

You have an upstream focus on the intake of purchase requests

Your company has a larger budget

You need detailed purchase requisition forms for employees

What Customers Are Saying

The best practice is to have a purchase order first–the requisition needs to be approved before we receive the invoice. After we have a valid PO, we wait for the supplier to send us the invoice, and then we can match it to the PO and then make the payment. Tipalti has automated the entire process for us.

Henry Zhuang | Accounting Manager, Jumio

With [Tipalti], we successfully optimized the way we were handling procurement.

Yehuda Metzger | Procurement, Taboola

Automating procurement is an essential strategy to streamlining operations, saving money, and reducing manual labor. It helps an organization enhance accuracy and make smarter, data-driven decisions. This contributes to better business performance and competitiveness.

There are many options to choose from, so be sure to perform due diligence upfront, to avoid getting stuck with a stagnant platform. Implementing the right tools now means tighter controls in the future and a sharper competitive edge.

Ready to explore Tipalti’s Procurement solution? Click here to get started.

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