Quick facts
- Best for
- AI assistant for intelligent enterprise procurement.
- Pricing
- Freemium
- Editor rating
- 4.5 / 5
- Community saves
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About Lighthouz AI
Lighthouz AI develops artificial intelligence-based tools for procurement teams with a flagship product named 'Pam'. Pam is a AI Procurement Assistant designed to streamline enterprise procurement processes including supplier communication, data entry, and contract negotiations among others. This tool is geared towards minimizing manual work involving data entry and purchase order (PO) creations, as it is capable of autonomously verifying invoices and communicating with vendors. Pam also spots cost saving opportunities thereby assisting in optimizing business operations. Intelligent data entry is another unique proposition of Pam as it effortlessly extracts data from various mediums like quotes, invoices and emails and enters them into your ERP system which can include but not limited to SAP and NetSuite. It creates an added layer of efficiency by automatically comparing quotes and generating POs, eliminating the need for manual copy-pasting. In addition, Pam offers real-time invoice auditing to find discrepancies with POs and prevent any overbilling errors. Its ability for autonomous communication with suppliers and real-time invoice auditing ensures organizations are not overbilled and manual work required for matching invoices correctness is reduced. Notably, Lighthouz AI's technology is led by experts in AI and machine learning, and used across different major organizations.
Pros
- Streamlines enterprise procurement
- Automates supplier communication
- Ensures invoice verification
- Identifies cost saving opportunities
- Optimizes business operations
- Performs intelligent data entry
- Autonomously verifies invoices
- Effortlessly extracts data
- Integrates with SAP, Net
- Suite
- Automatic quote comparison
- Auto-generates purchase orders
Cons
- No mention of security measures
- Limited integration information
- Lacks different language support
- No information on accessibility
- No offline functionality mentioned
- No personalized user interface
- Lack of user tutorials
- Dependent on internet connection
- Limited supplier collaboration features
- No real-time reporting