Arkestro Highlighted as Value Leader In Spend Matters’ Fall SolutionMap Rankings
Arkestro’s Solution is Among the Best of the Best in Sourcing Solutions, According to Both Analysts and Customers
SAN FRANCISCO, Nov. 17, 2022 /PRNewswire/ – Arkestro, the leading Predictive Procurement Orchestration platform, was recognized today with the designation of “Value Leader” in the Sourcing category of Spend Matters’ Fall 2022 SolutionMap rankings.
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 as validated references from the solution providers’ customers using the technology in the field.
“What if every sourcing event learned from the combined history of every sourcing event your team has ever run? Using our patented simulations and live suggestions, procurement teams using Arkestro are able to instantly tap into the best decisions of their best people in real time,” said CEO Edmund Zagorin. “Our team is honored to see our technology recognized by SolutionMap as a Value Leader because that reflects the fact that our customers are leveraging Predictive Procurement Orchestration to achieve meaningful business results.”
“The sourcing market has far more to it than meets the eye. Technology that supports strategic sourcing efforts includes supply base analysis, market analysis, category strategy, cost/value modeling, supplier discovery, supplier qualification/certification, and sourcing execution that includes multi-round RFx/bidding (including reverse auctions and bid optimization support for constraint modeling, scenarios, conditional/bundled bids, etc.), supplier surveys, risk analysis, bid analysis, contract negotiations/awarding and more,” said Jason Busch, Founder and Lead Research Analyst at Spend Matters.
To read more about Arkestro and view the complete SolutionMap rankings, click here.
Arkestro is the leading Predictive Procurement Orchestration platform. Built to amplify the impact of procurement’s influence, 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. Learn more at arkestro.com.