Arkestro was recognized with the designation of “Value Leader” in the Sourcing category of Spend Matters’ Fall 2022 SolutionMap rankings. The Spend Matters SolutionMap is widely known as the most rigorous assessment of procurement technology functionality in the industry. The SolutionMap rankings are based on an expert analyst evaluation of 500+ RFI requirements, as well […]
Arkestro, the leading predictive procurement orchestration platform, has caught the eye of the Spend Matters analyst team as an up-and-coming player they think their practitioner readers and members should get to know. On October 17, Spend Matters released their 50 Procurement Providers to Watch for 2022, acknowledging Arkestro’s strong focus on innovation, tech competency, and solution […]
Arkestro is the leading Predictive Procurement Orchestration platform, and now it’s about to undertake the next stage in its growth story. The company is pleased to announce that it has successfully landed Series A funding of $26 million. This round of funding was led by NEA, Construct, Koch Disruptive Technologies (KDT) and Four More Capital, […]
In June 2022, Spend Matters released the Spring SolutionMap procurement technology benchmarking rankings. This year’s cycle featured 69 leading vendors across ten different technology categories. Spend Matters’ analysts ranked Arkestro’s Predictive Procurement Orchestration platform as SolutionMap’s Value Leader in Sourcing for small, medium, and large enterprises. The Spring 2022 SolutionMap ranking is the second time […]
Bid Ops started as an e-sourcing company powered by AI. The AI simulated a sourcing event before it began in order to generate a target outcome. The key benefit of this autonomous “suggested price” approach to strategic sourcing is 2-5x savings impact in days, not months. But over the past year, our customers have shown […]
As we enter into a new year, Arkestro (formerly Bid Ops)—the pioneer in Predictive Procurement Orchestration platform— has been named as a 2021 Gartner Cool Vendor in Strategic Sourcing Technology. Here’s everything you need to know about what Gartner researchers see as the most important procurement trends of 2022, and why Gartner recognized Arkestro as […]
Brand new from Arkestro: It’s now easier and faster than ever to import your lots and line items into Arkestro using the spreadsheet format of your choice!
Feature Announcements: Updates to our supplier survey features allow you to ask multiple choice and text response questions, with a brand new, dedicated submissions review experience.
Breaking news from Arkestro: You can now survey suppliers at the line item level for every request you run on Arkestro before you collect quotes. Use this feature to ensure that all participating suppliers have the line items you’re looking to purchase in stock, can meet your required lead times, and have reasonable minimum order […]