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Arkestro Collaborates with Infor Marketplace to Revolutionize Procurement

Arkestro, a leader in Predictive Procurement Orchestration (PPO), has recently joined forces with the Infor Marketplace to redefine the procurement landscape for enterprises. This strategic partnership intends to leverage AI-driven solutions to significantly transform sourcing, purchasing, and supply chain management processes for enterprise manufacturing teams globally.

The integration of Arkestro’s cutting-edge PPO technology with Infor’s powerful ERP capabilities is set to empower over 60,000 organizations. This collaboration allows procurement teams to gather quotes more rapidly from preferred suppliers, ensuring that businesses get the best deals without leaving potential savings on the table. Arkestro’s unique methodology revolutionizes how procurement teams collect, analyze, and benchmark quotes, eliminating the cumbersome manual processes and spreadsheets that have traditionally plagued the industry.

Typically, procurement teams operate slowly, weighed down by prolonged manual processes. By adopting Arkestro’s technology, these teams can accelerate their Requisition Approval processes, making it easier to secure both quick and negotiated quotes. This efficiency not only streamlines the workflow but also enhances accuracy, allowing businesses to confidently manage their procurement cycles.

Significant Savings and Enhanced Outcomes

Arkestro's clients have reported an impressive average savings of 16% within the first 60 days of using its platform. Companies harnessing this technology can unlock value across all transactions—from complex logistics portfolios to straightforward spot purchases—significantly increasing their operational efficiency.

Neil Lustig, CEO of Arkestro, emphasized the transformative potential of this partnership, stating, “With our predictive procurement technology integrated with Infor LN ERP and Infor CloudSuite Industrial Enterprise powered by Infor LN, our customers are not just meeting operational needs; they are becoming heroes to their stakeholders. Faster Purchase Orders with improved compliance reassure stakeholders of getting the best value from their procurement processes.”

Sara Cruz, Senior Partner Manager at Infor, echoed this sentiment, expressing excitement over the partnership: “Arkestro’s extensions and integrated solutions substantially improve workflows, cut costs, and boost overall efficiency. We are eager to see how our clients will incorporate predictive procurement technology into their operations.”

The Role of Infor Marketplace

The Infor Marketplace operates as a vital global platform featuring a myriad of solutions designed to enhance the existing investments of Infor customers. Arkestro’s participation in this ecosystem aligns perfectly with its mission to empower procurement teams worldwide. By adopting AI solutions, companies can achieve faster and more intelligent outcomes, facilitating better decision-making in procurement and supply chain management.

About Arkestro

Arkestro has established itself as a pioneering force in predictive procurement technology, blending data science, machine learning, and behavioral insights to help companies consistently procure at competitive market prices. Enterprises relying on Arkestro can optimize their procurement cycles confidently, managing their expenditures effectively without increasing workforce numbers.

For those interested in seeing Arkestro in action, further information can be accessed at arkestro.com.

In an era of rapid technological transformation, collaborations like the one between Arkestro and Infor Marketplace signify a greater shift towards intelligent procurement solutions that are crucial for the growth and sustainability of modern businesses. Companies are encouraged to embrace such partnerships to stay ahead in an increasingly competitive landscape.