Levelpath Revolutionizes Procurement with AI-Powered Platform for Delightful User Experience
In a bid to transform the procurement industry, Levelpath, a next-generation procurement platform, has announced its revolutionary AI-powered platform. The company aims to deliver a delightful user experience by simplifying and streamlining procurement processes for enterprises of all sizes.
Levelpath was founded by Alex Yakubovich and Stan Bard, former founders of Scout RFP, after its acquisition by Workday in 2019. Their vision is to remove the burden of siloed and time-consuming procurement processes by leveraging the power of AI. With their expertise in revolutionizing the request for proposals (RFP) process, creating Levelpath was a natural progression for both founders.
The platform offers an intuitive and simple workflow for employees engaging with the procurement team. It can be customized to meet each company’s compliance and procurement parameters, ensuring a seamless experience. Levelpath simplifies complex processes that usually involve lengthy email chains or Slack threads with multiple stakeholders into just a few clicks.
One of the key features of Levelpath is its AI capabilities, which provide users with actionable insights into their vendors. By analyzing data, the platform can identify service provider redundancies, helping businesses make more informed decisions and save money. Reports suggest that organizations can save up to 60% of their budget by streamlining procurement workflows.
Leading global brands, including Qualtrics and Innovacare Health, are already embracing Levelpath. The platform has proven to be a time saver, consolidating data that was previously scattered across numerous spreadsheets. It brings ease to collaboration by providing transparency and visibility into the procurement process, tracking the status of contracts and purchase requests.
With the recent fundraise, Levelpath plans to expand its team and drive further innovation in product development. The company aims to create a modern and delightful world of procurement by focusing on user experience and leveraging mobile technology and AI.
Levelpath’s mission to revolutionize procurement has caught the attention of major investors, including Redpoint Ventures, Benchmark, NewView Capital, World Innovation Lab (WiL), and Menlo Ventures. They recognize the platform’s immense growth potential and its ability to deliver an unmatched end-to-end solution.
In conclusion, Levelpath’s AI-powered platform is set to transform the procurement industry by providing a delightful user experience. Its focus on usability, transparency, and cost savings make it a game-changer for organizations of all sizes. With its recent funding and growing customer base, Levelpath is well-positioned to shape the future of procurement management.