The procurement workload is expected to increase by 10.6% in 2023, even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. The result? An industry productivity gap of 7.4% and an efficiency gap of 7.8%,...
Arkestro Highlighted as Value Leader In Spend Matters’ Fall SolutionMap Rankings
Nov 17, 2022 | Blog | Feature Announcements
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...
Arkestro Named One of Spend Matters’ 50 Procurement Providers to Watch for 2022
Oct 17, 2022 | Blog | Feature Announcements
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...
Arkestro Lands $26 Million in Series A Funding
Jun 14, 2022 | Blog | Feature Announcements
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...
Arkestro Named Value Leader in Spring 2022 Spend Matters SolutionMap
Jun 7, 2022 | Blog | Feature Announcements
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...
Bid Ops is now Arkestro
Apr 5, 2022 | Blog | Feature Announcements
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...
Arkestro (Formerly Bid Ops) Named a 2021 Gartner® Cool Vendor
Feb 10, 2022 | Blog | Feature Announcements
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...
Faster Line Item Imports via Flatfile with Arkestro
Apr 28, 2021 | Blog | Feature Announcements
New Feature | Faster Line Item Imports via Flatfile 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! Our updated import experience allows you to bring your own...
Survey Suppliers at Every Line Item with Arkestro
Apr 19, 2021 | Blog | Feature Announcements
New Feature | Supplier Survey v2 Brand new from Arkestro: The Supplier Survey feature has been completely redesigned and updated with new question types and analysis capabilities. You can now ask Yes/No, Text Response, and Multiple Choice questions in your surveys....
From Reactive to Proactive: How Predictive Procurement Reshapes the Industry
Feb 20, 2024 | Blog | Feature Announcements
The procurement workload is expected to increase by 10.6% in 2023, even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation. The result? An industry productivity gap of 7.4% and an efficiency gap of 7.8%,...
Arkestro Highlighted as Value Leader In Spend Matters’ Fall SolutionMap Rankings
Nov 17, 2022 | Blog | Feature Announcements
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...
Arkestro Named One of Spend Matters’ 50 Procurement Providers to Watch for 2022
Oct 17, 2022 | Blog | Feature Announcements
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...
Arkestro Lands $26 Million in Series A Funding
Jun 14, 2022 | Blog | Feature Announcements
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...
Arkestro Named Value Leader in Spring 2022 Spend Matters SolutionMap
Jun 7, 2022 | Blog | Feature Announcements
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...
Bid Ops is now Arkestro
Apr 5, 2022 | Blog | Feature Announcements
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...
Arkestro (Formerly Bid Ops) Named a 2021 Gartner® Cool Vendor
Feb 10, 2022 | Blog | Feature Announcements
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...
Faster Line Item Imports via Flatfile with Arkestro
Apr 28, 2021 | Blog | Feature Announcements
New Feature | Faster Line Item Imports via Flatfile 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! Our updated import experience allows you to bring your own...
Survey Suppliers at Every Line Item with Arkestro
Apr 19, 2021 | Blog | Feature Announcements
New Feature | Supplier Survey v2 Brand new from Arkestro: The Supplier Survey feature has been completely redesigned and updated with new question types and analysis capabilities. You can now ask Yes/No, Text Response, and Multiple Choice questions in your surveys....