- Lyzr Marketplace
- Procurement
- PO Creation Agent
Vendor Discovery Agent
Identifying the right vendors is often slow, fragmented, and driven by incomplete information. The Vendor Discovery Agent automates vendor research by scanning multiple sources, comparing capabilities, and surfacing qualified options aligned to business and compliance needs.
- Procurement Heads
- Strategic Sourcing Managers
- Vendor Management Leaders
Trusted by leaders: Real-world AI impact.
The problems we hear from leaders like you
Vendor discovery is a critical first step in procurement, yet teams rely heavily on manual research, outdated databases, and informal referrals.
Limited vendor visibility
Procurement teams often struggle to identify new or niche vendors beyond existing networks, limiting competition and innovation.
Time-intensive research
Evaluating vendors across capabilities, pricing models, certifications, and risk factors requires extensive manual effort.
Inconsistent evaluation criteria
Without standardized discovery frameworks, vendor shortlists vary widely based on who conducts the research.
High risk of poor-fit vendors
Incomplete information during discovery increases the risk of onboarding vendors that fail to meet operational, compliance, or scalability requirements.
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 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 Vendor Discovery Agent accelerates sourcing cycles while improving vendor quality and decision confidence.
- 60%
faster vendor shortlisting, reducing weeks of research to days
- 45%
improvement in vendor-fit accuracy, through structured capability matching
- 35%
reduction in sourcing effort, by automating discovery and comparison
- 30%
increase in supplier diversity, by uncovering qualified new vendors
Outcomes you can expect
With the Vendor Discovery Agent, procurement teams move from reactive sourcing to proactive vendor intelligence.
Broader vendor coverage
Discover qualified vendors across geographies, industries, and specialties beyond existing supplier lists.
Structured vendor comparisons
Evaluate vendors consistently using standardized criteria across capability, risk, and compliance dimensions.
Faster sourcing decisions
Shorten sourcing timelines by starting with data-backed vendor shortlists instead of raw research.
Stronger sourcing confidence
Reduce the risk of poor-fit vendors with deeper, validated insights at the discovery stage.
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 early-stage vendor research process by identifying, analyzing, and shortlisting vendors that meet specific business, operational, and compliance requirements.
The agent scans a combination of public databases, industry sources, certifications, online presence, and structured datasets to build a comprehensive vendor profile.
It evaluates vendors against predefined criteria such as capabilities, scale, geographic coverage, compliance status, and past performance indicators.
Yes. The agent adapts its discovery logic based on the category, industry, and sourcing objectives defined by the procurement team
No. It strengthens the process by providing better-qualified vendor shortlists before formal RFP or RFQ stages begin.
By eliminating manual research and initial screening, teams can move directly into evaluation and negotiation phases.
Yes. The agent actively identifies new and diverse vendors that meet sourcing criteria, expanding the supplier base.
Insights are generated using structured data aggregation and validation methods, with final review and approval remaining with procurement teams.
Yes. It can incorporate compliance, certification, and regulatory filters during vendor discovery, making it suitable for highly regulated sectors.
The agent can connect with vendor management and procurement platforms to ensure smooth handoff into downstream workflows.
Build your first AI workflow today.
Start with a blueprint. Launch it. Customize it. Deploy it. All inside Lyzr.