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What is ProQurAI?

ProQurAI, crafted by Digicode, represents a groundbreaking approach to procurement automation that operates independently of any specific ERP systems and utilizes a range of AI agents to optimize the Source-to-Contract (S2C) process. This system works securely within company firewalls, employing nine unique autonomous AI agents that address multiple phases such as Intake, Sourcing, RFx, Evaluation, Risk, Contract, Negotiation, Spend, and Orchestration, enabling them to effectively collaborate on complex procurement workflows without relying on traditional software packages. As a result, ProQurAI drastically cuts down procurement cycle times from the usual 60 to 90 days to less than 30, streamlining RFP drafting to mere minutes while helping organizations realize annual savings of 5 to 10% through improved spend routing, enhanced negotiations, and strategic tail-spend management. It seamlessly integrates with major platforms like SAP, Oracle, and Microsoft, ensuring complete data confidentiality, the use of private LLMs, detailed audit trails, and necessary human oversight during the approval process. Furthermore, ProQurAI's flexibility allows it to adjust to various procurement needs, making it a standout solution in the rapidly changing procurement technology sector. Ultimately, its innovative design not only enhances efficiency but also empowers organizations to make data-driven decisions in their procurement strategies.

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.

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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

Digicode

Date Founded

2008

Company Location

Slovakia

Company Website

www.mydigicode.com/ai-powered-procurement/

Company Facts

Organization Name

Arkestro

Date Founded

2016

Company Location

United States

Company Website

arkestro.com

Categories and Features

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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