Arkestro Labs
Powerful new AI capabilities for procurement, delivering actionable, forward-looking insights to save money.
Executive Summary
Arkestro Labs is a cutting-edge suite of new AI capabilities and models specifically designed for procurement. Launched at Optimal '25, these offerings empower procurement teams with actionable, forward-looking insights to optimize spending and drive significant value. The suite includes advanced features such as AI-driven price recommendations, intelligent supplier suggestions, and sophisticated predictive purchasing models. These tools are engineered to help organizations unlock trapped savings, reduce risk, and accelerate enterprise spend transformation by providing data-driven intelligence. By leveraging predictive AI, Arkestro Labs streamlines the entire procurement process, making it faster and more efficient to collect, compare, and make informed decisions on supplier quotes. This enables procurement teams to exert greater influence over spend and achieve superior outcomes.
Use Cases
- Generate AI-driven price recommendations for purchases.
- Receive intelligent supplier suggestions for sourcing.
- Utilize predictive purchasing models for optimized spend.
- Accelerate enterprise spend transformation and unlock trapped savings.
- Streamline the collection and comparison of supplier quotes.
Features
Visibility
- Real-time Spend Visibility: Gain immediate insights into all procurement spend across the organization.
- Supplier Performance Monitoring: Track and analyze supplier performance metrics to ensure optimal value and mitigate risks.
Intelligence
- AI Price Recommendations: Receive data-driven recommendations for optimal pricing on goods and services.
- Intelligent Supplier Suggestions: Leverage AI to identify and suggest the best-fit suppliers for specific procurement needs.
- Predictive Purchasing: Anticipate future purchasing needs and market changes to optimize buying decisions.
- Savings Identification: Automatically identify and quantify potential cost savings across procurement activities.
Technical Specifications
- Architecture
- Cloud-native, API-first architecture designed for seamless integration and scalability.
- Deployment
- SaaS
- API Available
- Yes
AI/ML Stack
- Machine Learning
- Predictive Analytics
- Predictive procurement models
- Commodity index-based price prediction
- External data-driven recommendations
Integrations
- Infor
Security & Compliance
Certifications: SOC 2 Type II
Encryption: Data encrypted in transit and at rest.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
- Free Trial
- No
About Arkestro
Arkestro provides AI-powered procurement and sourcing software using behavioral science and predictive analytics. The platform helps organizations optimize supplier negotiations and purchasing decisions.
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