Lighthouz AI
S24AI procurement specialists for manufacturers
AI Agents for AP and AR in Logistics
Lighthouz AI is building AI procurement specialists for manufacturers. 500k procurement professionals spend 90% of their day emailing suppliers and entering data on spreadsheets and outdated ERP. Lighthouz's AI procurement specialists disrupts this entire profession. It 15x'es the productivity of procurement teams. It automates all manual procurement tasks including data verification and entry on ERP. Our AI agents will replace 500k jobs in the next 10 years. Our team has 20+ years of combined AI experience: - Srijan has been a GaTech CS professor, research scientist @ Google, postdoc @ Stanford AI lab, PhD @ UMD, BTech @ IIT. He has built AI systems now in production at Meta, Home Depot, etc. He has written 60+ papers that are cited 6000+ times. - Sonali was a lead AI engineer at Progressive insurance, American Family insurance, Halliburton, did her MS at University of Washington, and undergrad at IIT.
Lighthouz AI's AI agents solve the biggest problems in logistics - AR and AP! 3PLs, brokers, factors, and carriers lose billions every year to slow invoicing, manual invoice audits, and billing disputes. Manual AP & AR processes create errors, disputes, cash flow bottlenecks, late fees —hurting everyone in the logistics supply chain. 🚛 The Problem: - Factors: Auditing and verifying carrier invoices, timely invoicing - 3PLs & Brokers: Verifying carrier invoices, creating own invoices, and handling disputes and chargebacks. - Carriers: Timely invoicing, Submitting correct and complete paperwork, Dealing with late payments, incorrect deductions, and manual paperwork. - Shippers: Struggling with invoice error identification and resolution, delaying payments. 📉 The Impact: The U.S. freight industry processes over $1.2 trillion in transactions annually, yet 25% of freight invoices contain errors, leading to payment disputes and delays. 🔹 Our Solution is an AI agent that automates invoice audits, rate verifications, invoicing, and collections in the logistics industry. With Lighthouz AI agents, businesses 10x their AR and AP processes.
Lighthouz AI pivoted from building AI agents for procurement in manufacturing to automating AR/AP processes in the logistics industry; the core product (AI automation for back-office processes) remains similar, but the target market and solved problem are fundamentally different.