Lighthouz AI

Lighthouz AI develops AI-driven tools for procurement teams. Their main offering, 'Pam', is an AI Procurement Assistant designed to optimize enterprise procurement workflows, encompassing areas such as vendor communication, data input, and contract negotiations.

This tool aims to reduce manual effort in data entry and purchase order (PO) creation by autonomously validating invoices and engaging with suppliers.

Pam also identifies opportunities for cost reduction, aiding in the optimization of business processes. Another unique capability of Pam is intelligent data entry, which allows it to seamlessly extract data from various sources, including quotes, invoices, and emails, and input it into ERP systems like SAP and NetSuite.

It enhances efficiency by automatically comparing quotes and generating POs, removing the need for manual copy-pasting. Furthermore, Pam provides real-time invoice auditing to detect discrepancies with POs and prevent overbilling issues.

Its capacity for automated supplier communication and real-time invoice auditing helps organizations avoid overpayment, while reducing the manual effort needed to verify invoice accuracy.

Notably, Lighthouz AI's technology is developed by AI and machine learning experts and is used across a range of prominent organizations.