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ORO Labs

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Last updated on

Company health

Employee growth
44% increase in the last year
Web traffic
58% decrease in the last quarter
Financing
June 2024 - $59M

ORO Labs description

ORO Labs offers a procurement orchestration platform that streamlines the entire purchasing process for businesses. It integrates with existing ERP or P2P systems to act as a central hub for all procurement-related information. ORO Labs helps manage vendor relationships, track spending, automate purchase orders and invoices, and ensure compliance. Its AI-powered features aim to reduce manual tasks and provide better visibility into spending for finance teams.


What companies are using ORO Labs?

BASF is using ORO Labs
BASF
The Grunenthal Group is using ORO Labs
The Grunenthal Group
AlphaSense is using ORO Labs
AlphaSense
Sandoz Italia is using ORO Labs
Sandoz Italia
Jamf is using ORO Labs
Jamf
Optimizely is using ORO Labs
Optimizely
Novartis is using ORO Labs
Novartis
Ping Identity is using ORO Labs
Ping Identity
Zapier is used by BASF, The Grunenthal Group, AlphaSense, Sandoz Italia, Jamf, Optimizely, Novartis, Ping Identity.

Who is ORO Labs best for

ORO Labs offers a comprehensive procurement orchestration platform ideal for mid-to-large-sized businesses. It streamlines purchasing, automates workflows, and provides real-time spend visibility. ORO Labs integrates with existing ERP/P2P systems and leverages AI to improve efficiency and compliance.

  • Best fit for medium to large enterprises seeking to optimize procurement.

  • Ideal for finance, healthcare, and life sciences companies.


ORO Labs features

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ORO Labs simplifies procurement UX with AI, streamlining workflows and reducing manual tasks.

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ORO Labs supports the complete vendor lifecycle, including onboarding, management, and offboarding.

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ORO Labs offers real-time spend visibility through its analytics and orchestration features.

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ORO Labs automates compliance checks and workflows to minimize risk.

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ORO Labs uses AI to automate purchase orders, spend analysis, and likely invoice processing.

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ORO Labs streamlines purchasing, centralizes information, and integrates with ERP/P2P systems.


ORO Labs alternatives

  • Logo of Coupa
    Coupa
    Better for companies of all sizes. Has broader industry coverage. Has more established user base and available reviews. Slower momentum.
    Read more
  • Logo of Ivalua
    Ivalua
    Ivalua is a better fit for companies needing a highly configurable platform and robust reporting. It has stronger momentum in website traffic growth. However, users have reported performance issues and difficulties with integrations. It also lacks a mobile app.
    Read more
  • Logo of SAP Ariba
    SAP Ariba
    Better suited for larger enterprises. More widely adopted across industries. Negative reviews mention a steep learning curve and poor documentation. Provides real-time visibility into the procure-to-pay process.
    Read more
  • Logo of Zip
    Zip
    Better for smaller organizations. Easier to use and implement. Stronger customer service. More user reviews available. Integrates with Slack, DocuSign, and Netsuite. ORO Labs alternative; Zip competitor.
    Read more
  • Logo of Jaggaer
    Jaggaer
    Better for a wider range of industries. Jaggaer has more established customer support with mixed reviews. ORO Labs is growing faster.
    Read more

ORO Labs FAQ

  • What is ORO Labs and what does ORO Labs do?

    ORO Labs offers a procurement orchestration platform to streamline business purchasing. It integrates with existing systems, acting as a central hub for procurement information to manage vendors, track spending, and automate tasks. ORO Labs leverages AI to improve visibility and efficiency for finance teams in mid-to-large companies.

  • How does ORO Labs integrate with other tools?

    ORO Labs integrates with existing ERP or P2P systems to act as a central hub for procurement information. This streamlines purchasing, centralizes information, and automates key processes such as purchase orders and invoices.

  • What the main competitors of ORO Labs?

    ORO Labs' main competitors include Zip, Coupa, Opstream, Airbase, SAP Concur, and Ivalua. These platforms offer similar procurement automation, spend management, and vendor management capabilities. They target businesses of varying sizes, with some focusing on mid-sized businesses while others cater to larger enterprises.

  • Is ORO Labs legit?

    ORO Labs appears legitimate, boasting a 4.8/5 rating on G2 and 44.4% year-over-year employee growth on LinkedIn. It offers an AI-powered procurement orchestration platform to streamline purchasing, automate tasks, and improve spending visibility. However, user reviews are limited.

  • How much does ORO Labs cost?

    Unfortunately, pricing information for ORO Labs is not publicly available. Contact ORO Labs directly to obtain product pricing and determine if it's worth the investment for your needs.

  • Is ORO Labs customer service good?

    ORO Labs' customer support receives positive feedback for its responsiveness and helpfulness. Users highlight the team's commitment to customer success, quick response times, and willingness to address questions and resolve issues effectively. The ORO team's dedication to building fit-for-purpose workflows is also frequently praised.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.