Case Study: Coinbase cuts procurement cycle times in half with Zip

Coinbase cuts procurement cycle times by 50% with Zip

Coinbase, a leading cryptocurrency exchange platform, faced challenges with slow procurement cycle times, poor spend visibility, and compliance issues as it prepared for its IPO. To address these unscalable processes, the company turned to Zip and its Intake-to-Procure solution to streamline its global operations.

Zip implemented a unified procurement workflow by integrating with systems like NetSuite and Jira, providing Coinbase with greater control and trackability. As a result, Zip helped cut resolution times in half, achieving a 50% reduction in cycle times and a 200% increase in proper spend request submissions, which greatly enhanced global compliance and audit-readiness.

Coinbase