The Procuretechs Network includes Startups with a focus on procurement, which are located in Germany and throughout Europe. Together, we want to shape the future of procurement by leveraging our synergies and supporting each other in the further development.
In most companies, the optimization of tactical and non-strategic spend remains overlooked. Companies focus on just the big bucket strategic items while putting little thought into most of the rest. Most companies do not track and analyze tactical spend and therefore do not realize just how much is being unnecessarily taken off of the bottom line. They lack the resources to efficiently optimize tactical spend.
Building on a profound knowledge of the procurement industry, Lhotse developed a simple-to-use solution to optimize indirect spend. Lhotse is building the foundation for autonomous tactical procurement — unleashed from the processes, structures, and tools companies are stuck with today. This takes a “lack of resources” out of the equation. Procurement software has rarely been a driver of competitive advantage — it can be exactly that!
With its design-first approach, the Lhotse App can be seemingly integrated with the existing infrastructure and be used by all team members in functional and procurement departments. The consolidation of the supplier base, as well as the automation of the request creation and sourcing processes, achieve improved efficiency, savings, and transparency over all locations and departments.
Lhotse allows companies’ procurement teams as well as employees from all functional areas to easily get competitive offers for their tactical spend needs. Additionally to the easy-to-use interface, Lhotses procurement specialists work with the right amount of automation to give customers the very best offers. The combination of expertise and digital automation offers a never-before-seen way of enabling efficient tactical spend.
Large German Mittelstand.
Lhotses strength is its combination of human experts with cutting edge technology. AI-based request assessment Algorithms enable the analysis of past data. Lhotse is also developing Search engine Technology incorporating Natural Language Processing to enable easier supplier searches and requisition requests.
We currently have three large customers from the German Mittelstand. The companies range in size from 2500-6000 employees.