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Arkestro
Overview
Arkestro is a company based in the United States that specializes in business intelligence software, particularly focusing on predictive procurement solutions. Founded in 2017, the company aims to enhance the procurement processes of organizations by integrating advanced artificial intelligence technologies. Their published documents highlight the importance of collaboration between Chief Financial Officers (CFOs) and procurement teams to optimize financial practices and supplier relationships. Arkestro's research emphasizes the role of AI in mitigating supply chain disruptions, as evidenced by case studies involving major corporations that utilize AI tools to improve supplier visibility, automate negotiations, and identify alternative suppliers. The company’s content also includes guides and whitepapers that explore the transformation of procurement practices through AI, showcasing its commitment to providing insights into effective procurement strategies. With a workforce of 51 to 200 employees and a revenue of approximately $22.5 million, Arkestro positions itself as a key player in the intersection of procurement and technology within the software industry.