Arkestro vs procurEngine
Arkestro
arkestro.comprocurEngine
procurengine.aiSide by side
| Figure | Arkestro | procurEngine |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 0 | 3 |
| Spec score · Sourcing Software | 7.7 (#8) | 8.0 (#6) |
| Certifications | Arkestro states that its information security management system is ISO 27001:2022 certified and that it passes SOC 2 Type II audits without exceptions. | The maker says it holds ISO/IEC 27001:2022 and ISO/IEC 27701:2019 certifications, while a SOC 2 examination is in progress. |
| Founded | Arkestro says it was founded in 2017. | 2014 |
| Headquarters | Arkestro, Inc. lists its address as 60 29th St. #148, San Francisco, California 94110. | Noida, Uttar Pradesh, 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. | Purpose-built connectors are available for SAP ECC, SAP S/4HANA and Microsoft Dynamics 365 Business Central; other systems can connect through documented REST APIs. |
| Product | Arkestro describes its product as a Predictive Procurement Platform for enterprise procurement. | procurEngine is a Source-to-Pay platform covering competitive sourcing, contracts, purchasing, invoice automation and spend analytics. |
| Security | Arkestro says it uses AWS hosting, AES encryption at rest, HTTPS and TLS 1.2 in transit, annual penetration tests, and vulnerability scanning. | The platform states it provides role-based access controls, multi-factor authentication, encryption in transit and at rest, and audit trails by default. |
| 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. | procurEngine is an enterprise Source-to-Pay platform covering intake, supplier management, sourcing, contracts, purchasing, approvals, invoicing and spend analytics. |
Plans
procurEngine
- EnterprisePriced on request
- EssentialPriced on request
- GlobalPriced 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.
procurEngine
procurEngine has no write-up on Specifiction yet; its figures are above.