- Lyzr Marketplace
- Finance
- Touchless Sourcing Agent
Touchless Sourcing Agent
Procurement teams spend countless hours managing repetitive sourcing tasks. The Touchless Sourcing Agent automates supplier discovery, RFP creation, evaluation, and negotiation steps , helping procurement teams move from manual execution to intelligent sourcing with zero touch.
- Chief Procurement Officers
- Strategic Sourcing Managers
- Category Leads
Trusted by leaders: Real-world AI impact.
The problems we hear from leaders like you
Despite technology adoption, sourcing still relies heavily on human intervention, making it slow, inconsistent, and prone to inefficiencies.
Manual RFP creation and evaluation
Teams spend hours drafting RFPs and comparing responses, which delays procurement cycles and increases administrative load.
Limited supplier visibility
Identifying the right vendors requires manual searches and outdated databases, reducing the pool of competitive and qualified suppliers.
Inconsistent negotiation outcomes
Negotiation processes vary by buyer and category, leading to inconsistent savings and missed opportunities.
Delayed sourcing cycles
Fragmented workflows and multiple approval layers slow down sourcing decisions, impacting delivery timelines and cost targets.
Agent workflow for regulatory monitoring
Why Leading
Organizations Choose Lyzr?
Lyzr provides the full-stack platform to transform your business functions into a unified Agentic Operating System, guaranteed.
Data Privacy & IP Ownership
Agents run in your cloud/on-prem. We guarantee zero access to your data, ensuring 100% privacy and that your AI workforce is always your unquestionable IP.
Full Flexibility,
Zero Vendor Lock-In
Integrate Lyzr as a plug-and-play solution within your existing ecosystem. No forced migration, no vendor dependency, just pure value.
Scalability & Real-Time
Customization
Start with one agent and build toward an Agentic OS for the entire function. Full control lets you customize and deploy changes in real-time.
Agentic Operating System
for your org
Unify your agents on a central knowledge graph to unlock the next-level enterprise intelligence: OGI.
Quantifiable value for your institution
The Touchless Sourcing Agent transforms procurement from reactive to predictive, delivering measurable gains in speed, savings, and control.
- 70%
reduction in sourcing cycle times, enabling faster go-to-market
- 50%
improvement in supplier response rates, through automated engagement
- 35%
increase in savings per category, by standardizing negotiation models
- 45%
reduction in administrative effort, freeing teams for strategic projects
Outcomes you can expect
Sourcing teams can operate with intelligence and agility, shifting their focus from managing processes to driving value.
Fully automated sourcing cycles
From RFP creation to supplier scoring, automate every stage with AI-driven efficiency.
Enhanced supplier intelligence
Gain access to pre-verified supplier data and real-time insights, improving vendor selection and compliance.
Data-driven negotiations
Use historical pricing data and category benchmarks to guide negotiations and ensure consistent savings.
Strategic focus for procurement teams
Free your sourcing teams from repetitive work to focus on supplier strategy, relationship management, and innovation.
How to start building from here
The journey from a promising pilot to a deployed solution can be a challenge. We are your partner in implementation, sharing the risk and ensuring your AI agents make it to production. We don't just provide a platform; we provide a clear pathway to success.
Dedicated AI expertise
We invest in a Forward Deployment AI Engineer (FDE) to work directly with you. Our FDE acts as a hands-on AI startup CTO for your project.
A partner in risk management
We take on the risk of ensuring your agent goes from concept to a fully functional, production-ready solution. We'll work with you every step of the way to get you live.
Strategic guidance & workshops
Our dedicated team will provide strategic guidance and training sessions, empowering your internal teams to own and scale your AI capabilities once your first use case is live.
Project management oversight
We assign a project manager to oversee your agent's journey, providing a clear roadmap and ensuring a smooth, frictionless path to production.
Agents used for this use case.
The Regulatory Monitoring Agent is often built on a combination of specialized agents. Here are some you can use to enhance this use case on the Lyzr platform:
- KYC Processing Agent
- Fraud Detection Agent
- AML Agent
- Legal Document Drafting Agent
- Compliance Agent
Frequently asked questions
It automates the end-to-end sourcing process — from identifying suppliers to managing RFPs and negotiations — enabling procurement teams to execute sourcing cycles with minimal manual intervention.
The agent uses historical sourcing data, spend patterns, and category parameters to auto-generate RFP templates. It can also pre-populate evaluation criteria and scoring frameworks for consistency.
Yes. It scans supplier databases, public directories, and third-party platforms to find qualified vendors that match specific sourcing requirements, expanding supplier diversity and competition.
The agent uses structured scoring models that eliminate bias, ensuring supplier responses are compared on quantifiable metrics like cost, quality, and delivery.
Absolutely. It supports direct and indirect categories, allowing organizations to manage sourcing across materials, services, and technology through a unified interface.
Yes. The agent can send RFPs, reminders, clarifications, and feedback automatically — improving engagement and reducing delays.
By using AI-driven insights from past contracts and market benchmarks, it recommends optimal negotiation strategies, ensuring consistent savings and favorable terms.
Yes. It supports multi-currency transactions, localization of RFP templates, and compliance with international procurement standards.
It seamlessly connects with ERP, SRM, and contract management systems, enabling synchronized workflows without duplicating data.
The agent adheres to enterprise-grade security and encryption standards, ensuring all supplier and sourcing data remains confidential and compliant.
Organizations typically achieve shorter sourcing cycles, higher supplier participation, increased savings, and reduced operational costs — all while enhancing procurement agility.
Build your first AI workflow today.
Start with a blueprint. Launch it. Customize it. Deploy it. All inside Lyzr.