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LightSource

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Last updated on

Company health

Employee growth
4% increase in the last year
Web traffic
63% decrease in the last quarter

Ratings

G2
4.9/5
(11)

LightSource description

LightSource is an AI-powered software platform designed to simplify and automate procurement processes for businesses. It offers tools to streamline tasks such as managing requests for proposals (RFPs), finding new suppliers, tracking costs, and collaborating with stakeholders. Key features include AI-powered bid analysis, ready-to-use templates for various procurement needs, and intelligent chat for seamless communication. LightSource prioritizes security, speed, and accessibility, making it suitable for businesses of all sizes looking to optimize their procurement operations.


Who is LightSource best for

LightSource is ideal for businesses looking to streamline and automate their procurement processes. We find that it simplifies tasks like managing RFPs, discovering suppliers, and tracking costs. It's designed for businesses of all sizes aiming to optimize their procurement operations.

  • Great for any sized company, from small businesses to large enterprises, seeking procurement and sourcing optimization.

  • Excellent fit for manufacturing, consumer goods, and food production seeking streamlined sourcing operations.


LightSource features

Supported

Supplier Discovery and RFQ Management: Helps buyers find suitable suppliers, send requests for quotes (RFQs), and make informed sourcing decisions while collaborating with their team.

Supported

Buyer-Supplier Collaboration: Facilitates communication and collaboration between buyers and suppliers throughout the sourcing process.

Supported

Sales and Margin Improvement for Suppliers: Streamlines the RFQ process, allowing suppliers to easily respond with quotes and manage their sales opportunities.

Supported

Strategic Sourcing Platform: A platform designed for strategic sourcing, catering to both buyers and suppliers in the supply chain ecosystem.

Supported

Improved Communication Efficiency: Improves communication efficiency by consolidating interactions between buyers and suppliers, reducing reliance on scattered emails and spreadsheets.

Supported

Not Excel + Email: Not an Excel + email solution, designed to avoid confusion and loss of details in communication between buyers and suppliers.

Supported

Not e-Procurement or e-Auction: Not an early-2000s e-Procurement or e-Auction platform. It's a collaboration tool designed to empower procurement professionals, not automate them.


LightSource pricing

The commentary is based on 3 reviews from LightSource G2 reviews.

We find that LightSource users are generally satisfied with the platform's value. While specific pricing details aren't available in reviews, the efficiency and time savings it offers are frequently highlighted, suggesting a worthwhile return on investment.

See the LightSource pricing page.


LightSource alternatives

  • Logo of Archlet
    Archlet
    Effortless sourcing and smarter supplier deals for procurement.
    Read more
  • Logo of Procol
    Procol
    Effortless procurement. Streamlined purchasing. Data-driven savings.
    Read more
  • Logo of Arphie
    Arphie
    AI-powered RFP and security questionnaire automation for faster, better proposals.
    Read more
  • Logo of Oracle Procurement Cloud
    Oracle Procurement Cloud
    Streamlines buying, manages suppliers, controls costs, and boosts efficiency.
    Read more
  • Logo of mjPRO
    mjPRO
    Streamlines purchasing, manages suppliers, and cuts costs.
    Read more
  • Logo of OpenGov Procurement
    OpenGov Procurement
    Streamlines government purchasing, boosts transparency, and simplifies contracts.
    Read more

LightSource FAQ

  • What is LightSource and what does LightSource do?

    We find LightSource to be an AI-powered platform that streamlines procurement for businesses of all sizes. It helps manage RFPs, discover suppliers, track costs, and improve buyer-supplier collaboration. We believe its focus on speed and ease of use makes it a valuable tool.

  • How does LightSource integrate with other tools?

    I haven't found any information about direct integrations with other tools. LightSource is designed as a standalone platform to manage the procurement process. It aims to replace disorganized email and spreadsheet workflows rather than integrate with them.

  • What the main competitors of LightSource?

    We find that LightSource's main competitors include Archlet, Procol, Arphie, Oracle Procurement Cloud, mjPRO, and OpenGov Procurement. Each offers various functionalities for procurement optimization, from AI-powered RFP automation to streamlined purchasing and supplier management.

  • Is LightSource legit?

    Yes, LightSource is a legitimate AI-powered procurement platform. With a 4.9/5 rating on G2, users appreciate its features for streamlining RFPs, supplier discovery, and cost tracking. We find it's a valuable tool for businesses seeking to optimize their procurement operations.

  • How much does LightSource cost?

    I couldn't find any pricing details for LightSource on their website. Contact LightSource directly for specific pricing information.

  • Is LightSource customer service good?

    We find LightSource's customer support to be highly regarded. Users consistently praise the responsiveness and helpfulness of the support team, highlighting their proactive assistance with setup, training, and ongoing issue resolution. Several reviewers mention specific support staff by name, indicating personalized attention and a positive customer experience.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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