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Arkestro has proven to be a valuable solution for users looking to streamline their procurement processes and achieve significant cost …
Overview
What is Arkestro?
Arkestro is a Predictive Procurement Orchestration Platform that amplifies the impact of procurement’s influence.
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What is Arkestro?
Arkestro is a Predictive Procurement Orchestration Platform that amplifies the impact of procurement’s influence.
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Product Details
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- Competitors
- Tech Details
What is Arkestro?
Arkestro is a Predictive Procurement Orchestration Platform that amplifies the impact of procurement’s influence. By pre-embedding preferred outcomes in any system or process. Arkestro enables companies to use behavioral science, game theory and predictive machine learning models. Arkestro is an embedded platform that is able to integrate with any 3rd party or custom data source. With over 1,000 pre-built API integrations.
Predictive Procurement Orchestration
Built to amplify procurement’s impact, Arkestro helps enterprises deliver a 2-5x lift on cost savings attributed to everyday purchasing and sourcing cycles. Top enterprises leverage Arkestro’s behavioral science, game theory and machine learning to predict and win faster value across every category of addressable spend.
Procurement Data Cleansing Services
Using the Arkestro toolset purpose-built for procurement data, our team will perform on-demand data analysis, cleansing and question-answering tasks. Arkestro can assist CPOs who needinf to double-check a Savings Report or a Category Managers who want to price-check a supplier’s quote. Arkestro uses live external data feeds to help you cleanse, validate and sanity check data provided by suppliers and internal stakeholders and helps report procurement’s impact.
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Arkestro Competitors
- Loopio
- Responsive
- Emburse Certify Expense
Arkestro Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Arkestro has proven to be a valuable solution for users looking to streamline their procurement processes and achieve significant cost savings. One of the key benefits reported by users is the ability to conduct RFPs without involving the Strategic Sourcing team, resulting in faster and more efficient procurement processes. This not only saves time but also enables users to make timely decisions, ultimately expediting the entire procurement cycle.
Another business problem that Arkestro addresses is the organization and management of procurement data. By providing a centralized platform for users to store all their quotes, Arkestro simplifies data management and improves visibility. Users have praised this feature, as it allows them to easily access and compare quotes from multiple vendors, leading to better decision-making and increased efficiency in their procurement efforts.
Furthermore, Arkestro's digitalization of processes and consolidation of vendors have helped users save both money and time. The platform facilitates optimized sourcing processes, resulting in cost savings for organizations. Additionally, users have experienced reduced workloads thanks to Arkestro's ability to automate tasks and streamline communication with multiple suppliers.
Users have also highlighted Arkestro's role in harmonizing suppliers during mergers or transitions. The platform enables users to compare and award business to the best vendors between companies, facilitating smooth transitions and ensuring seamless operations.
Overall, users have praised Arkestro for its user-friendly interface and attention to detail in completing bids. The individualized bid model provided by Arkestro has impressed users, catering specifically to their unique procurement needs. Additionally, users have expressed satisfaction with the excellent customer support provided by the Bid Ops team, further enhancing their experience with the product.
In summary, Arkestro has successfully addressed various business problems related to procurement processes. From accelerating RFPs without involving additional teams to simplifying data management and achieving cost savings through optimized sourcing, Arkestro has proven its value in streamlining procurement operations and delivering tangible benefits for organizations.
User-Friendly Interface: Many users have stated that Arkestro has a straightforward and easy-to-use platform. They have found the software to be intuitive in its design, especially for internal teams who have been trained on it. This indicates that Arkestro offers a user-friendly interface that allows users to navigate the platform with ease.
Responsive Customer Support: Reviewers appreciate the supportive nature of the Arkestro team. They have mentioned that whenever they had questions or requests, the team was always there to provide assistance. This highlights the importance of good customer support in ensuring a positive user experience and indicates that Arkestro values its customers by providing responsive help when needed.
Optimization and Cost Reduction: Users have mentioned that Arkestro helps streamline their processes while reducing their spend. This suggests that the software is effective in optimizing sourcing activities and identifying cost-saving opportunities for users. By offering these features, Arkestro enables businesses to improve efficiency and achieve financial savings in their procurement process.
Challenging to Demonstrate Value: Some users have found it difficult to showcase the value of Arkestro in certain areas, particularly in Marketing services. This sentiment suggests that there may be a need for clearer communication or additional features that can better highlight the benefits of using Arkestro.
Interface Features Need Improvement: While considered minor issues, some users have expressed a desire for improvements in the interface features of Arkestro. This feedback indicates that there is room for enhancing user experience and making the platform more intuitive and user-friendly.
Limited Personalized Customer Support: Concerns have been raised by certain users regarding the level of personalized customer support provided by Arkestro. This feedback implies that there might be a need for enhanced support options or more tailored assistance to meet individual user needs.