askLio provides the world's first multi-agent system designed to automate and manage enterprise procurement workflows end-to-end. Specialized AI agents research vendors, negotiate terms, manage approvals, and track deliveries in parallel, significantly reducing manual operational workload. This platform integrates with existing P2P/ERP systems to deliver immediate value through automated sourcing, onboarding, and invoice matching.
Funding
$540K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Procurement teams face challenges in efficiently converting procurement requests into orders, often dealing with tedious manual processes and a high volume of free-text requests. This leads to increased operational costs and limits the time available for strategic procurement activities.
Solution
askLio AI offers a procurement solution that leverages generative AI to automate the conversion of procurement requests into orders, reducing the operational burden on procurement teams. The platform streamlines free-text requests, directs users to the appropriate procurement channels, and supports buyers in decision-making with an AI Co-Pilot. By automating routine tasks and providing AI-driven insights, askLio empowers procurement teams to focus on value-added activities such as analyzing offers, contracts, and procurement markets. The system integrates with existing P2P and ERP systems, including Coupa and SAP, and can be onboarded in less than two weeks.
Target Audience
askLio AI targets procurement departments within enterprises seeking to automate operational tasks, reduce costs, and improve the efficiency of their procurement processes.
Features
- AI-powered automation of free-text procurement requests
- Guided buying functionality that directs requestors to the correct procurement channels
- AI Co-Pilot that supports buyers in decision-making for high-value procurement requests
- Integration with existing P2P and ERP systems such as Coupa, SAP, and Microsoft Teams
- AI algorithms that enrich and structure unstructured data from emails, PDFs, and contracts
- Support for over 175 languages
- Hosting on Microsoft Azure Europe with DIN ISO/IEC 27001 & DIN ISO/IEC 27018 certified data centers
- GDPR compliance audited by Dataguard