Lhotse provides an AI-driven solution that integrates into existing procurement stacks to streamline workflows. The platform offers features like Copilot support, intelligent assistants, and automated document processing to enhance efficiency and accuracy. This results in optimized procurement operations with minimal manual effort and improved data integrity.
Funding
$5.9M 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.
CVFounders
Product
Problem
Many procurement processes still involve manual data entry, leading to errors, inefficiencies, and delays in sourcing the right items. Buyers often struggle to find the correct catalog items and complete purchase requisitions accurately, resulting in frustration and increased operational costs.
Solution
Lhotse provides an AI-powered procurement platform that integrates directly with existing ERP systems like SAP Ariba to automate and optimize procurement workflows. The platform's AI assistant offers intelligent suggestions for form-filling, ensuring accuracy and speed in creating purchase requisitions. By providing instant access to relevant catalogs and automating manual tasks, Lhotse streamlines the procurement process, reduces errors, and improves overall efficiency for procurement teams.
Target Audience
Lhotse targets procurement teams and professionals within organizations using ERP systems like SAP Ariba who are seeking to automate and optimize their procurement processes.
Features
- AI-powered assistant for intelligent form-filling and guided purchase requests
- Seamless integration with SAP Ariba and other ERP systems
- Instant access to relevant catalogs, minimizing search time and errors
- Automated workflows for precision and reduced manual process errors
- Secure data hosting in certified European data centers compliant with ISO/IEC 27001
- Data encryption and secure authentication to protect against unauthorized access