In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator. akirolabs brings traditional category management into new territories by relying on the latest technology (AI), embedding extended collaboration and leveraging data from multiple sources.
Procurement technology has been around for years and has penetrated more processes and activities, primarily routine. However, because procurement sits between a company’s inside and outside, many activities are about collaboratively solving complex problems. These activities have so far been relatively untouched by technology.
akirolabs wants to change that and has developed and designed a solution specifically to augment procurement teams and not just automate processes. When you consider the myriad of very complex challenges that lie ahead of many procurement teams (ESG, VUCA, etc.), this augmentation is precisely what they need. These issues need to be addressed, not alone but with the support and contribution of internal stakeholders.
Here’s why akirolabs matters:
- To the market — akirolabs serves a mostly untouched niche, the digitalization of strategy in procurement.
- To customers — Thanks to akirolabs’ framework, deep market insights and AI-based capabilities, its customers can upgrade their strategic capabilities and track execution.
- To potential buyers — The solution is for organizations desirous of augmenting their teams with an efficient and effective digital solution that embeds strategy-building best practices and category insights.
This Spend Matters PRO Vendor Analysis explains what differentiates this vendor, gives an overview of its capabilities and competitors, provides tech selection tips and closes with key analyst takeaways.