Predictive Procurement and Purchasing
- Embedded in any enterprise system that supports Purchase Orders, Arkestro delivers instant recommendations to suppliers and stakeholders via email that improve outcomes
- Our instant recommendations leverage internal and external data and learn from your best purchasing decisions over time
Without Arkestro
- Purchase requests can take weeks or months for approval – even if they are for regular recurring costs
- It’s often too late to suggest improvements to a Purchase Request by the time it reaches procurement
- Stakeholders are often requesting approval for the exact same item from different suppliers at different prices
With Arkestro
- By triggering real-time recommendations to stakeholders and suppliers, Arkestro helps drive continuous improvement
- 1 in 5 Purchase Requests in Arkestro win improved pricing or terms via instant recommendations
- Suppliers get faster Purchase Orders, stakeholders get faster approvals and Procurement gets faster savings results by influencing more spend
Without Arkestro
- Purchase requests can take weeks or months for approval – even if they are for regular recurring costs
- It’s often too late to suggest improvements to a Purchase Request by the time it reaches procurement
- Stakeholders are often requesting approval for the exact same item from different suppliers at different prices
With Arkestro
- By triggering real-time recommendations to stakeholders and suppliers, Arkestro helps drive continuous improvement
- 1 in 5 Purchase Requests in Arkestro win improved pricing or terms via instant recommendations
- Suppliers get faster Purchase Orders, stakeholders get faster approvals and Procurement gets faster savings results by influencing more spend
Purchasing is going predictive
Purchase Requests that learn from each other
Real-time recommendations embedded within all major ERP and Procure-to-Pay systems including Ariba, Coupa, Zycus, Jaggaer, GEP and others
Influence more spend faster
ABS (“Always Be Saving”)
Enable auto-awarding for repetitive Purchase Requests so that approvals for a repeat PR can be applied to more spend and non-conforming PRs can be flagged
Get notified about market changes during a sourcing event
Award with confidence
Apply business requirements and weighted value criteria to supplier quotes to visualize the Total Cost of Ownership, enabling you to quickly compare award scenarios.
