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What is ESM Source?

Elevate your organization’s sourcing capabilities with a cohesive cloud-based platform that offers both rapid execution and strategic insights, facilitating improved decision-making among all involved parties. This innovative solution supports the smooth creation and management of sourcing events, encourages increased supplier engagement and collaboration, and aligns with your institution's broader aspirations and objectives. With ESM Source, initiating, publishing, and evaluating even the most complex sourcing events becomes a seamless experience through a single, centralized interface, complemented by workflows that empower your teams to make quicker, well-informed decisions. You can also create virtual libraries and access user-friendly, customizable templates that can be easily adapted for different event types. By aligning bids with your unique sourcing strategy using weighted criteria, you can effectively prioritize what is most significant to your organization. In addition, you have the option to share your events across several platforms or directly invite preferred suppliers, significantly boosting visibility and engagement. This all-encompassing strategy not only streamlines sourcing processes but also fortifies your institution's overall capability in fulfilling its goals while fostering a culture of continuous improvement. Ultimately, embracing such an advanced platform can lead to enhanced operational efficiency and a stronger competitive edge in the marketplace.

What is Arkestro?

Enjoy a seamless sourcing experience that eliminates the necessity for logins or apps, as our platform facilitates one-click sourcing events that are sent straight to your suppliers' inboxes, complemented by real-time predictive insights. Our versatile data model caters to all spending categories, enabling users to source products similarly to how they would in Excel, while also leveraging the advanced features of Arkestro. The predictive anomaly detection function proactively spots and corrects mistakes before they advance to the procurement phase, thereby improving both accuracy and efficiency. Role-based access streamlines project management for sourcing events, guaranteeing that all relevant parties receive prompt updates. By examining supplier behavior, Arkestro fine-tunes sourcing cycles, leading to shorter event durations. Our efficient email-based workflow generates a variety of award scenarios, suitable for sourcing events of any scale or complexity. Supplier quotes frequently suffer from inaccuracies due to data entry and copy-paste errors, complicating the tracking of sourcing processes that often rely on numerous pivot tables. Moreover, new sourcing cycles typically neglect to apply insights from previous supplier quotes, resulting in repeated errors. With our cutting-edge pricing simulator, you can swiftly gather recommendations for your suppliers, motivating them to modify and resubmit their bids for improved results. This holistic strategy not only reduces errors but also significantly boosts overall sourcing efficiency, making the process smoother for all involved. Ultimately, this innovative approach positions you to achieve better financial outcomes while fostering stronger supplier relationships.

Media

Media

Integrations Supported

Ariba Network
Coupa
GEP Quantum Intelligence
JAGGAER One
Microsoft Excel
Zycus Procure-to-Pay

Integrations Supported

Ariba Network
Coupa
GEP Quantum Intelligence
JAGGAER One
Microsoft Excel
Zycus Procure-to-Pay

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ESM Solutions

Date Founded

1998

Company Location

United States

Company Website

esmsolutions.com/sourcing/

Company Facts

Organization Name

Arkestro

Date Founded

2016

Company Location

United States

Company Website

arkestro.com

Categories and Features

Sourcing

Auction Management
Budget Management
Collaboration
Global Sourcing Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

Categories and Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Sourcing

Auction Management
Budget Management
Collaboration
Global Sourcing Management
Rfx Management
Spend Management
Supplier Management
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Template Management

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