Source: hoteltechnologynews

Reeco, the leading AI-driven procure-to-pay platform for the hospitality industry, is pleased to announce that Level5 Hospitality (L5) is implementing Reeco technology across nine of its properties in the U.S., with additional locations planned.

“We initially turned to Reeco to solve some frustrating inefficiencies with our old procurement systems,” said Nathan Moffatt, SVP of accounting at Level5 Hospitality. “But what we got was a total upgrade. The platform has modernized our entire procurement process, and the level of service has been incredible. Reeco works as an extension of our own team, collaborating closely with both vendors and our management team. It’s not just a software — it’s a true partnership that’s helping us operate smarter, faster, and more profitably.”

“L5 Hospitality is exactly the kind of innovative collaborator and trusted advisor in the hospitality space we love working with. They knew their outdated procurement processes created bottlenecks and decided to modernize,” said Henrik Shimony, CEO of Reeco. “Our platform shines light on those hidden inefficiencies in procurement — the dark spots that quietly eat away at profitability. This visibility lets L5 get ahead of problems instead of constantly reacting to them, giving them more time to focus on what really matters: building stronger vendor relationships, delivering great guest experiences, and improving their bottom line.”

Reeco also secured $15 million in Series A funding to fuel the company’s strategic growth initiatives, including the accelerated advancement of the Reeco platform, in January 2025.