#USA #San Francisco #Arkestro #Predictive Procurement #BDO USA

The Future of Procurement: Arkestro and BDO USA Partnership

In an exciting development for the procurement landscape, Arkestro, renowned as a leading predictive procurement platform, has announced a strategic partnership with BDO USA, one of the most prominent accounting and advisory firms in the United States. This collaboration aims to significantly enhance the procurement transformation services offered by both firms, unlocking substantial value for their clients across various spending categories.

Revolutionizing Procurement Processes

Arkestro has made headlines for its innovative use of artificial intelligence (AI) and automation in the procurement domain. By integrating these technologies with BDO's robust consulting services in sourcing, supply chain management, and operations, this partnership is set to redefine how businesses approach procurement. Rob DeSantis, CEO and co-founder of Arkestro, emphasized that this alliance supports BDO's goals of unlocking human and business potential through collaborative innovation.

The combination of BDO’s consulting expertise with Arkestro's predictive technology is poised to create a seismic shift in how clients view and utilize procurement resources. The platform is designed to enhance the value of client investments by streamlining the procurement process, which traditionally involves resource-intensive tasks such as supplier selection, bid design, and negotiation.

Unleashing Hidden Value

One of the standout features of Arkestro’s predictive procurement platform is its ability to uncover hidden pricing opportunities across various spending realms, including direct and indirect expenditures. By utilizing advanced behavioral science concepts, Arkestro can facilitate smarter decision-making, allowing teams to focus on high-impact strategic initiatives without increasing workforce numbers.

BDO's procurement team will leverage Arkestro's technology to accelerate the realization of savings in an increasingly competitive market where margin pressures and supply chain complexities abound. This strategic partnership aims to provide scalable solutions that bypass the typical hurdles posed by traditional implementation processes.

Smarter Decision-Making with AI

Arkestro’s unique dynamic learning engine empowers organizations to utilize intelligent baselining and proactive supplier recommendations. The collaboration with BDO enables clients to make data-informed decisions quickly, a distinct advantage in today’s fast-paced business environment. This strategic synergy is expected to drive transformation across procurement operations, enhancing agility and responsiveness as organizations navigate evolving market demands.

Eskander Yavar, National Managing Principal of Advisory at BDO, highlighted the shared vision of both companies: to accelerate procurement transformation while maintaining operational efficiencies. "Together, we are creating significant value for clients without necessitating additional resources, marking a new chapter in sourcing and procurement practices," he stated.

Growth and Innovation in Focus

This partnership comes on the heels of Arkestro's impressive growth trajectory, underscored by a recent strategic investment of $36 million led by Altira Group and Aramco Ventures. As part of its expansion strategy, Arkestro has also bolstered its Executive Advisory Board by welcoming several executives from influential positions within leading organizations.

In conclusion, the alliance between Arkestro and BDO USA is set to empower organizations to transform their procurement practices fundamentally. By harnessing the strengths of predictive procurement technology and consulting excellence, clients can expect a more efficient, value-driven approach to procurement than ever before.

For more details about Arkestro and its innovative solutions, visit www.arkestro.com. To learn about BDO USA and its services, check out www.bdo.com.