Arkestro

Arkestro is a Predictive Procurement Platform designed to transform enterprise spend management. It leverages AI and data-driven insights to help procurement teams make faster, smarter decisions, influence spend, and unlock trapped savings.

Key features:

• Predictive Insights: AI-powered analysis provides actionable insights to optimize sourcing and negotiation strategies.
• Negotiation Science: Fact-based strategies to secure better pricing and terms.
• Supplier Science: AI-driven supplier selection and engagement.
• Process Science: Automated workflows to accelerate procurement cycles.
• Spend Influence: Enables teams to influence a larger portion of enterprise spend without increasing headcount.

Use cases:

• Cost Reduction: Identifies opportunities for savings across various spend categories.
• Risk Mitigation: Reduces supply chain risks through proactive supplier management.
• Efficiency Gains: Automates manual tasks and streamlines procurement processes.
• Improved Supplier Relationships: Facilitates data-driven supplier engagement and collaboration.

Arkestro targets enterprises seeking to optimize their procurement processes, improve efficiency, and achieve significant cost savings. It is particularly relevant for organizations in industries such as automotive, oil & gas, manufacturing, and financial services.