What problem does Archways solve for IT and procurement teams?
Archways streamlines software vendor evaluation and rationalization to avoid lengthy RFPs and optimize software stacks. It turns business requests and renewals into defensible decisions with market, alternatives, contracts, and overlap already understood. This helps teams cut evaluation time and avoid surprise auto-renewals.
Who is the Archways platform designed for?
Archways is built for IT, procurement, and finance teams. It is used by organizations to manage software decisions across their US, UK, and EU operations. The platform is specifically for teams involved in enterprise software vendor evaluation and contract analysis.
What features and workflows does the Archways platform offer?
Archways offers three core workflows: renew with leverage, run evaluations, and capture demand. It provides AI-driven scoring of vendors against requirements, with over 175,000 vendors continuously profiled for capabilities. The platform integrates with existing systems like ServiceNow, Coupa, Workday, and SAP.
What measurable outcomes does Archways help businesses achieve?
Archways helps businesses decide in days instead of months, cutting evaluation time by around 60%. It enables savings on existing contracts, with customers seeing up to 5-15% off renewal costs. The platform also helps prevent unnecessary purchases by identifying tool overlaps, which account for 10-20% of evaluated tools on average.
What is Archways?
Archways is an AI platform for enterprise software decisions. It is used by IT, procurement, and finance teams to evaluate and rationalize software vendors, analyze contracts, and make defensible purchasing decisions based on market data and internal requirements.
5 of 6 research questions are answered for this product. The rest need source evidence we have not collected yet, so they are left unanswered rather than guessed.