Spend Matters Lists Arkestro as Top Sourcing Tech Solution in the Fall 2024 SolutionMap Insider Release

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Oct 03, 2024, 12:31 ET

Arkestro Predictive Procurement Orchestration AI platform is one of 93 procurement technology vendors recognized.

SAN FRANCISCO, Oct. 3, 2024 /PRNewswire/ -- Arkestro, the leader in Predictive Procurement Orchestration (PPO), was listed as a Top Sourcing Tech vendor in Spend Matters release of its Fall 2024 SolutionMap and TechMatch SM procurement technology rankings in late September.

93 procurement technology vendors underwent an intense functionality and capability assessment of procurement technology in the industry. SolutionMap contains 500+ RFI requirements across 15 procurement technology solutions with mandatory demos and impartial, anonymized customer ratings.

"We are thrilled to be recognized as a Top Sourcing Tech solution by Spend Matters," said Edmund Zagorin, Founder and CSO of Arkestro. "This achievement is a testament to the dedication and innovation of our exceptional product team and the invaluable feedback from our customers who have been instrumental to our success and recent product advancements."

Arkestro's predictive procurement platform uses machine learning and behavioral science to help you source more and spend less, getting you the best market price - every time. Teams that use Arkestro see an average of 16% savings within the first 60 days of using the platform.

"Vendors participating in SolutionMap undergo the most rigorous assessment from a tech capability and customer delivery perspective," said Carina Kuhl, President of Spend Matters. "That's what makes this dataset so powerful. Spend Matters has the largest analyst team dedicated to in-depth comparison of solutions in the procurement technology space and pinpointing their differentiators."

"Selecting procurement and finance technology is getting more and more complicated as vendors continue to innovate in different directions and the market expands into adjacent areas of finance and supply chain," says Jason Busch, Founder and CEO of Spend Matters. "Moreover, tech investment stakes are also higher than ever as budgets come under scrutiny and rapid savings/ROI is more important than ever."

About SolutionMap:

SolutionMap launched in 2017 and is published twice annually. Since then, many procurement professionals have subscribed to Spend Matters Insider and TechMatch^SM to gain access to deeper data cuts and vendor intelligence to drive procurement technology selection decisions. See membership comparisons and details here.

The Spend Matters website and Insider technology comparison tool allow solution providers, practitioners, consultants and investors to directly compare vendor feature/function and customer scores on a case-by-case basis, allowing for the most informed technology decision making. For more information or to see an Insider demo or become a member, please reach out.

Read more about the SolutionMap methodology and see our code of ethics.

About Spend Matters:

Spend Matters started as the ﬁrst blog and social media site in the procurement and supply chain sector and has since grown into the leading source for data-backed technology and solutions intelligence. Serving private and public sector organizations, consultants, private equity and services and solution providers, Spend Matters drives strategic technology purchasing decisions and superior marketing and sales, product and investment outcomes for clients. Spend Matters is the only tech-enabled, proprietary data platform with exclusive IP that serves the global procurement, ﬁnance and supply chain technology ecosystem.

About Arkestro:
Arkestro's predictive procurement platform uses data science, machine learning and behavioral science to help companies quickly get to a market competitive price, every time. Top enterprises leverage Arkestro to confidently optimize their procurement cycles with direct actions and clear recommendations, managing spend at scale without increasing headcount. See Arkestro in action at arkestro.com.

Arkestro Contact:
Fight or Flight PR
Lauren Payne-McLeod
[email protected]

SOURCE Arkestro