Arkestro vs Procol Strategic Sourcing
Arkestro
arkestro.comProcol Strategic Sourcing
procol.aiSide by side
| Figure | Arkestro | Procol Strategic Sourcing |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 0 | 2 |
| Spec score · Sourcing Software | 7.7 (#8) | 8.4 (#3) |
| Founded | Arkestro says it was founded in 2017. | 2017 |
| Headquarters | Arkestro, Inc. lists its address as 60 29th St. #148, San Francisco, California 94110. | The privacy policy gives the corporate office as Unit 404, 405 and 407, Tower C, Unitech Cyber Park, Sector 39, Gurugram, Haryana, India. |
| Integrations | Arkestro says it syncs with ERP or P2P systems, using supplier, item, and historical purchase data and sending event awards back to the appropriate system. | Procol’s homepage displays integrations including SAP, SAP Ariba, Slack, Oracle, Zapier, ERPNext, Workday, Jira, and Gmail. |
| Security | Arkestro says it uses AWS hosting, AES encryption at rest, HTTPS and TLS 1.2 in transit, annual penetration tests, and vulnerability scanning. | Procol states that its platform is SOC 2 Type II certified, ISO 27001 aligned, GDPR compliant, and backed by cyber security insurance. |
| What it does | The platform uses AI to help procurement teams set prices before suppliers respond, improve savings, speed negotiation cycles, and influence more spend. | Procol presents Strategic Sourcing as a collaborative procurement platform for supplier sourcing, negotiations, contracts, approvals and spend decisions. |
| Who it is for | Arkestro presents the platform as built for enterprise procurement and lists automotive, oil and gas, high-tech manufacturing, manufacturing, construction, financial services, and food and beverage industries. | Procol says its platform is used by enterprises and its about page names Reliance, VIP, and Havells as customers. |
Plans
Procol Strategic Sourcing
- Custom modules and add-onsPriced on request
- Custom pricingPriced on request
In their own words
Arkestro
Arkestro is a web-based predictive procurement platform for enterprise teams. It analyzes purchasing data with machine learning to recommend prices for sourcing events before suppliers respond. The platform combines behavioral science, game theory, data science, and automation to support pricing, supplier selection, negotiations, and workflow management. Teams can use competitive bidding and dynamic feedback, then manage the award process. Predictive Insights monitors supplier, commodity, and market data to identify risks and opportunities and recommend next steps. Arkestro can sync with ERP or P2P systems, using supplier, item, and historical purchase data and returning event awards to the relevant system; its Professional Services team can guide integration. The maker presents use cases in industries including automotive, manufacturing, oil and gas, construction, financial services, and food and beverage. Arkestro says it uses AWS hosting, AES encryption at rest, and HTTPS and TLS 1.2 in transit. It states that its information security management system is ISO 27001:2022 certified and that it passes SOC 2 Type II audits without exceptions. Pricing is on request.
Procol Strategic Sourcing
Procol Strategic Sourcing has no write-up on Specifiction yet; its figures are above.