SAN JOSE, Calif. — Raindrop Systems, the AI-native Source-to-Pay platform, today announced a new partnership with Lloyd’s Register (LR) group, a global professional services organization specializing in safety, risk, and technical assurance across maritime, energy, and engineering sectors.

Through the agreement, LR will use Raindrop Systems to modernize sourcing and contract management, improve visibility across contracts and spend, and support stronger collaboration among procurement, legal, finance, HR, and other business stakeholders. 

LR selected Raindrop based on a combination of Procurement-specific functionality, platform usability, service quality, long-term fit, and AI capabilities. During the evaluation, LR highlighted the importance of choosing a platform designed around how Procurement teams actually work, particularly for services-led engagements where cross-functional alignment is critical. 

“Our team at Lloyd’s Register had a vision to build a  strategic Procurement function that delivers value across the organization,” said Manu Mangal, Senior Category Manager at LR. “We were looking for a platform that was intuitive, collaborative, and built around how modern Procurement teams actually work. Raindrop delivered on all fronts – from the platform capabilities to the partnership approach throughout the the process. We look forward to the value this will bring across our business.”

LR saw strong value in Raindrop’s growing AI capabilities, including contract summarization, risk highlighting, clause generation, and better visibility into spend against contracts.  As a global organization, these capabilities will help LR manage contracts across multiple regions and languages.

“We’re excited to partner with LR as the team continues to strengthen Procurement as a strategic capability,” said Ward Karson, COO and Co-Founder at Raindrop. “What makes this especially compelling is that it’s not just about implementing new technology. It’s about supporting a larger transformation already underway at LR, one focused on better governance, stronger collaboration, and an enhanced experience for stakeholders across the business.”

The partnership reflects a shared commitment to building a more modern, connected Procurement operation — one that gives teams stronger  control and a more effective way to work across the entire Procurement process. 

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