Case Study: Invesco boosts procurement ROI and saves costs with Zip

Invesco boosts procurement ROI 7x and cuts costs 26% with Zip

Invesco, a leading independent global investment management firm, faced significant procurement challenges managing $1.1 billion in spend with a small 19-person team. Their process was entirely reactive and manual, relying on email and Excel with no audit trail, which led to missed savings opportunities and stakeholder distrust. They implemented Zip's intake-to-procure platform as a central orchestration solution to gain visibility and automate workflows.

The solution from Zip provided a centralized intake system that integrated with tools for sourcing, supplier risk, and contracting. This allowed Invesco's small team to avoid hiring 20-30 additional employees while dramatically improving efficiency. The results included a 26% increase in cost savings and procurement ROI growing from 4x to 7x, transforming the function into a strategic partner.

Invesco