en.Wedoany.com Reported - Raindrop Systems has partnered with Lloyd’s Register (LR) Group, which will adopt Raindrop's AI-driven Source-to-Pay platform to modernize sourcing and contract management.

Under the agreement, LR will leverage the platform to enhance visibility into contracts and spending, while strengthening collaboration across procurement, legal, finance, HR, and other business functions. LR selected Raindrop based on a comprehensive evaluation of its procurement-specific capabilities, platform usability, service quality, long-term fit, and AI capabilities. During the assessment, LR emphasized the critical importance of choosing a platform that aligns with the actual workflows of procurement teams, particularly for service-oriented businesses requiring cross-functional collaboration.

Manu Mangal, Senior Category Manager at LR, stated that the team's goal is to build a strategic procurement function that delivers value across the organization, so they sought a platform that is intuitive, collaborative, and aligned with how modern procurement teams actually work. He believes Raindrop fully meets the mark in both platform capabilities and partnership approach. LR highly recognizes Raindrop's AI capabilities, including contract summarization, risk alerts, clause generation, and improved contract spend visibility. As a global organization, these features will help LR manage contracts across multiple regions and languages.

Ward Karson, Chief Operating Officer and Co-founder of Raindrop, expressed delight in partnering with LR as the team continues to strengthen procurement as a strategic capability. He noted that this collaboration is not just about implementing new technology, but also about supporting the transformation LR has already initiated, which focuses on better governance, stronger collaboration, and improved stakeholder experiences across the business. Both parties stated that this partnership reflects a shared commitment to building a more modern and connected procurement operation, enabling teams to gain greater control and efficiency across the entire procurement lifecycle.

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