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.
To learn more about how Raindrop Systems is redefining modern Procurement, visit: https://raindrop.com/.
About Raindrop
Raindrop Systems is an AI-native Source-to-Pay platform that helps organizations modernize Procurement and Finance teams with intelligent intake and orchestration, contract intelligence, and seamless collaboration. Raindrop’s Contract Lifecycle management capabilities include AI-assisted summarization, risk analysis, contract creation, dynamic workflows, and centralized visibility across the contract lifecycle.
About Lloyd’s Register
Lloyd’s Register (LR) is a global professional services group specialising in marine and offshore engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.
Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
We also provide advisory services and digital solutions, supporting fleet and voyage performance and optimisation. Through OneOcean, LR delivers integrated digital solutions supporting voyage planning, optimisation, compliance, training and fleet performance across more than 30,000 vessels globally.
In the race to zero emissions, our research, advisory and technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.
Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.
For more information, go to www.lr.org
