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Lhotse

FOUNDED : 2020

LOCATION : Europe, Germany

TEAM SIZE : 11-50

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Seed

TOTAL FUNDING RAISED ($m) : $5.65

Core Functionality
Tail Spend Management
Description

Lhotse is a “plug-and-play” cloud-based procurement automation software focusing on simplifying the workload for tail spend management.

It automates and simplifies the procurement process by guiding employees through end-to-end processes. From request definition to supplier identification, coordination, through to offer selection.

The software optimises all of your non-strategic spend: While you focus your resources on the 20% of the suppliers that are strategic to you, Lhotse ensures that all other spend is properly handled in accordance with your procurement policies.

Lhotse automates anything in the process that doesn’t require judgement by a human.

It collects competitive offers to enable your employees to choose the most favourable conditions, and gives you full spend transparency. Lhotse identifies positive and negative outliers in your supplier base, to improve your list of preferred vendors over time.

The platform aims to take the hassle out of indirect spend by being intuitive to use and simple to integrate with existing procurement systems.

Podcast episode with Lhotse:

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