Lihi Lutan (CEO) and Mor Cohen-Tal (CTO) are the co-founders and visionaries behind Opstream. Lihi was the former VP Professional Services & Operations at Taboola (NSDQ: TBLA), while the company grew from 15 to 1,500 people. Mor was the former CTO of Turbonomic (acquired by IBM), and holds 8 patents around optimization, AI, abstraction and orchestration. What is common between them is that they experienced the broken purchasing process first-hand as their companies scaled, and recognized the critical need for a solution that balanced scalability and efficiency. Both having the passion for innovation, and solving real challenges in a way users don’t hate, they founded Opstream with the mission to change the way companies buy.
So how can Opstream make a difference to your procurement practises? Over to Lihi and Mor to explain.
Lihi, Mor, what is Opstream?
Opstream is a self-service, front door to procurement – streamlining purchasing from the moment an employee needs to buy anything – whether it’s chairs, travel, software, events, marketing swag or anything else – throughout the internal approval process and vendor management.
Unlike traditional procurement platforms, Opstream can launch in weeks, and more importantly, employees embrace the process and don’t try to go around it.
In a nutshell, think of it as the equivalent of a CRM but for the buy side. Ensuring companies manage their vendors and purchases the right way.
What issue does your solution solve?
Let’s admit it – No one likes submitting a purchase request and waiting for approvals. It’s one of the most bureaucratic processes and most employees do their best to avoid it at all cost. Combined with the siloed nature of the process and the many many stakeholders and systems involved in it, this causes a huge lack of visibility across the board and an inability to predict spend and ensure compliance.
This is, until they start using Opstream!
Using our platform provides companies with visibility and control over spend BEFORE it happens.
Who is your solution aimed at? What does your perfect client look like?
Our perfect client can be any organization grappling with the complexities of streamlining their purchasing processes. Opstream caters mostly to small to medium enterprises, offering seamless purchase request management from the moment an employee signals the need to buy. Whether it’s office chairs, travel arrangements, software licenses, or marketing materials, Opstream facilitates the entire journey from internal approval processes to vendor management. By investing in our solution, they can expect to realize significant cost savings, streamlined processes, and improved bottom-line results, aligning perfectly with their goals for optimized purchasing.
What is the biggest challenge Opstream faces?
Opstream’s greatest challenge lies in the perception of the procurement function in organizations. They are seen merely as the “bad guys” or “spend police”, and have to overcome the stigma surrounding costly, complicated tools and processes that hinder the organization’s growth. We aim to change these stereotypes by showcasing procurement’s value beyond being order takers – empowering professionals to modernize outdated systems, and offering intuitive solutions truly designed for cross-functional teams. Through collaboration, transparency, and efficiency, Opstream seeks to successfully rebrand procurement as an indispensable asset driving organizational value.
Why pick Opstream?
Opstream stands out for several key reasons:
- 100% Self-Service Platform: providing users with full control over easily configurable processes without the need for coding, ensuring adaptability and growth.
- Rapid Deployment: with the ability to launch within weeks, and requiring minimal training.
- AI engine: detects existing or similar platforms within your organization, facilitating informed decision-making before purchases, and preventing duplicates.
- Plug and Play Orchestration Layer: simplifies the procurement ecosystem by integrating seamlessly with best-in-class tools, eliminating the need for additional software.
- Intelligent Vendor Management: streamlines interactions, enabling efficient communication and file sharing, and facilitating vendor onboarding procedures.