Levelpath launched Ranger, what is said to be the first AI platform that can run entire procurement processes autonomously, from a natural language or voice prompt.
Ranger represents a new category of autonomous intake-to-pay software, built from the ground up to perform the day-to-day work rather than just record it.
“The future of procurement is autonomous,” says Alex Yakubovich, co-founder and CEO of Levelpath. “Procurement professionals are experts in structuring complex deals, navigating sensitive decisions, and maximizing supplier value. We’ve talked to dozens of procurement leaders who know that autonomous intake-to-pay can free them up to do more of that high-impact work, but they haven’t found a platform that makes it a reality. That’s why we made the decision to build Ranger.”
Key takeaways:
· With Ranger, agents run complete processes, proactively and continuously. Procurement teams can launch custom agents with a single prompt, and confidently delegate workflows knowing the agents have the full context, governance controls, and auditability to act as their trusted representatives.
· Ranger Studio allows any procurement team member to describe an agent or workflow in natural language, put it to work in seconds, manage and govern it.
· Ranger includes a library of pre-built agents and tools, including assistants that answer questions grounded in data, task agents for handing off routine work, workflow agents for running processes, and continuous agents that have ongoing responsibilities such as monitoring supplier or contract health.
· It also includes five pre-built autonomous workflows: sourcing, contract review, supplier onboarding, third-party risk protection and invoice matching and approval for autonomous payments.
· Natural language dashboards power and personalize the Business Intelligence tool, but asks questions in plain English. Users can ask for a chart, a comparison, or a KPI and the dashboard builds it.
· AI Front Door pre-populates purchase request forms from as little input as a quote, provides policy guidance relevant to each requester’s specific team and profile, and provides status updates all in the chat. It automatically routes requests to third-party risk management, legal, security, and finance based on threshold, risk, and policy.
· Contract Discovery lets teams ask a single question across up to 10,000 contracts and returns the answer with evidence cited back to the source document.
· Autonomous Sourcing runs more competitive events without adding headcount. Ranger can build and execute an entire sourcing event, including creating a questionnaire, pricing sheet, and scorecard; scoring responses; and recommending the award, all from a single sentence-long request. An authorized human makes the final award decision.
· Autonomous contracts and renewals eliminates duplicate contracts and missed auto-renewal windows. Ranger computes each contract's notice window automatically and launches the renewal review 30 days before expiration, recommending one of four paths (renew as is, renegotiate, terminate, or take no action) with a scored rationale for each.
· Autonomous invoice matching and approval reduces cost per invoice and saves time for AP teams. Ranger checks for duplicates and verifies the invoice against the supplier, contract, and purchase order. Clean invoices are routed to payment, while exceptions require human clearance with a written reason and audit trail.
