SAN FRANCISCO, June. 21, 2024 – Levelpath, the AI platform for unifying procurement, announced it has been recognized as a Sample Vendor in the Gartner® Hype Cycle™ for Procurement and Sourcing Solutions, 2024*, specifically in the Intake Management category.

According to the report, “Intake management software improves end-user experience by navigating preconfigured process workflows such as initiating, routing and tracking status of procurement requests in a hybrid application ecosystem. Gartner further says, “Without intake management solutions, end users manage their procurement journey independently through complex procurement workflows. This could lead to increased noncompliance, and negatively impact end-user experience.”

“Levelpath was founded with a mission to reimagine procurement with AI at the core, while simultaneously delivering a truly delightful experience,” said Alex Yakubovich, founder and CEO of Levelpath. “The need for streamlined intake management is significant, and with our advances, we’re making procurement more accessible, accelerating the adoption of AI-powered procurement. We believe this recognition is an acknowledgement to our innovative approach and the potential of our AI-powered platform to revolutionize procurement.”

Gartner notes, “Procurement leadership requires new tools to deliver a human-centric procurement end-user experience. The new generation workforce, accustomed to empathetic, device-agnostic user experiences from consumer applications, is changing expectations for enterprise end users. Procurement leaders need to deliver an updated experience that fulfills these evolving expectations to ensure adoption of existing applications by this new workforce.

The Need for Delightful Intake Management
In an era where productivity is paramount with constrained budgets and consolidated teams, using the right procurement platform becomes the critical link to achieving more with less. Traditional multi-solution approaches to procurement often result in fragmented customer experiences. The Levelpath AI-driven platform redefines procurement productivity and creates a truly delightful procurement experience.The company’s streamlined intake process starts with two simple questions, making procurement more accessible than ever before. Necessary business partners are then looped in and, with the Levelpath Hyperbridge reasoning engine, the right data is collected from across enterprise sources, suppliers, and public datasets to help make informed, strategic decisions. This allows organizations to drive efficiencies, mitigate risks, and uncover new sources of value from their supplier relationships.

For more information, read the Gartner® Hype Cycle™ for Procurement and Sourcing Solutions, 2024 report.

GARTNER is a registered trademark and service mark of Gartner and Hype Cycle is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
* Gartner, Hype Cycle for Procurement and Sourcing Solutions, 2024, Kaitlynn Sommers, Micky Keck, 20 June 2024

About Levelpath
Levelpath is the AI-powered procurement platform that connects workflows, data, people, and devices to enhance productivity and collaboration across businesses and their suppliers. Our AI platform unifies procurement, making enterprise commerce faster and more transparent; reduces risk; drives profitability; and delivers a delightful procurement journey at every step. At the heart of Levelpath is our Hyperbridge reasoning engine, which extracts and enriches data from hundreds of thousands of sources, unifying the procurement process into a single view on any device.

Headquartered in San Francisco, Levelpath is backed by leading investors including Benchmark, Redpoint Ventures, Menlo Ventures, NewView Capital, and World Innovation Lab (WiL). For more information, visit levelpath.com, email info@levelpath.com, or connect with us on LinkedIn.

Contact
Media Contact
Michaela Dempsey, Levelpath
press@levelpath.com

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