ORO is a GenAI procurement orchestration platform that automates intake management, supplier onboarding, and compliance checks, providing real-time visibility into supplier risk and spending. The platform enhances user satisfaction by streamlining procurement processes, reducing onboarding time, and ensuring 100% compliance with procurement policies.
Funding
$82M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
WVFounders
Product
Problem
Many organizations face challenges in managing procurement processes, leading to inefficiencies, compliance issues, and suboptimal user experiences. Existing systems often lack the necessary integration and intelligence to effectively handle intake management, supplier onboarding, risk assessment, and spend visibility. This results in increased manual work, higher risk of fraud, and difficulty adapting to changing regulations and business needs.
Solution
ORO is a GenAI-powered procurement orchestration platform designed to streamline and automate procurement workflows, enhancing user satisfaction and ensuring compliance. The platform provides a unified front door for all procurement requests, leveraging AI to guide employees through the appropriate channels without requiring extensive training. It reduces supplier onboarding time, scales due diligence, and offers 360-degree visibility across all supplier activities. ORO also incorporates AI-driven fraud checking and identity validation to verify payments and generate aggregated risk scores, enabling organizations to prevent non-compliant spend and adapt to evolving business strategies with a no-code platform.
Target Audience
ORO targets enterprise organizations seeking to improve their procurement processes, reduce risk, and enhance user satisfaction, including procurement teams, finance departments, and operations managers.
Features
- AI-powered intake management that guides employees through the correct procurement channels
- Automated supplier onboarding and due diligence processes
- Real-time risk assessment with AI-driven fraud checking and identity validation
- 360-degree visibility across all supplier activities and systems of record
- Intelligent workflows that match purchase order spend to contract amounts
- No-code platform for easy adaptation to changing regulations and business strategies
- Integration capabilities for connecting with existing enterprise systems
- Aggregated risk scores based on multiple data sources and company-specific conditions