Arkestro and BDO USA Partner for Innovative Procurement Solutions
Arkestro Forms Strategic Partnership with BDO USA
Arkestro, a prominent player in predictive procurement, has forged a strategic relationship with BDO USA to bolster its management consulting and procurement practices.
Enhancing Procurement Strategies
This collaboration aims to leverage Arkestro's advanced predictive procurement technology synergized with BDO's reputable consulting services, particularly in sourcing, supply chain, and operations. Arkestro employs a blend of artificial intelligence, automation, and behavioral science to innovate and redefine procurement across various domains.
Transforming Legacy Processes
The partnership emphasizes transforming outdated procurement methods such as supplier selection and bid design. These improvements are set to expedite savings realization and strengthen partnerships with suppliers. Arkestro’s approach combines technology and strategic insights to enhance operational agility in procurement.
Unlocking Value for Clients
According to Rob DeSantis, CEO and co-founder of Arkestro, this alliance aligns with the mission to empower organizations to rethink their engagement with predictive procurement. He remarked, "This relationship helps BDO clients unlock material value across all types of spend, whether it's direct, indirect, or logistical spend." The focus is on unveiling hidden pricing opportunities that enable clients to enhance decision-making and allocate resources more effectively.
Addressing Supply Chain Challenges
As businesses confront rising margin pressures and volatile supply chains, this partnership offers scalable solutions that do not require traditional investment in integration or implementation. Arkestro’s intelligent platform provides dynamic learning capabilities to refine decision-making processes and increase efficiency.
Driving Sustainable Change
This collaboration is pivotal in creating value without necessitating additional resources, as stated by Eskander Yavar, BDO’s National Managing Principal of Advisory. Yavar emphasized the goal of facilitating procurement transformation while minimizing overhead costs and fostering a culture of collaboration.
Arkestro's Growth Journey
This announcement reflects Arkestro's growth trajectory, highlighted by a recent $36 million strategic investment aimed at advancing their innovative AI-driven technologies in procurement. Additionally, the company welcomed several prominent executives to its Executive Advisory Board to further strengthen its strategic direction.
About Arkestro
Arkestro leads the market as a predictive procurement platform, focusing on enhancing enterprise spend transformation and supply chain responsiveness. Through an innovative integration of AI and different sciences, Arkestro aims to shift procurement practices from reactive to proactive measures, ensuring organizations identify untapped savings and improve supplier interactions.
About BDO USA
BDO’s mission is to enable people and organizations to thrive daily. Being an employee-owned company, BDO prides itself on a culture that values people-first principles while delivering tax, assurance, and advisory services to clients across diverse sectors nationwide and globally.
Frequently Asked Questions
What is the main purpose of the Arkestro and BDO partnership?
The partnership aims to enhance procurement transformation services by leveraging predictive procurement technology along with consulting expertise.
How does Arkestro's technology improve procurement processes?
Arkestro combines AI, automation, and behavioral science to drive efficient and strategic decision-making in procurement.
What challenges does this partnership aim to address?
It focuses on overcoming supply chain risks and margin pressures facing businesses today.
What recent developments has Arkestro experienced?
Arkestro secured a $36 million investment and expanded its Executive Advisory Board with several recognized industry executives.
How does BDO ensure exceptional client service?
BDO emphasizes a culture of collaboration, sustainability, and continuous improvement in delivering advisory and consulting services.
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