Manufacturing

Gained complete spend visibility with realized savings of $2M in one fiscal year and 99% spend categorization

Key Challenges
The client is a leading agricultural cooperative that needed insights into company-wide direct and indirect spend. There was no centralized procurement function across more than 20 offices and five different systems.
Our Products in Action
ElectrifAi product realized spend visibility from 4 data sources through: Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification, Data Extraction and Upload to Spend Analysis platform (EIQ)
Business Impact
$2M
spend savings realized in first year
99%
categorization of both direct and indirect spend
50%
supplier compression
$2M
spend savings realized in first year
99%
categorization of both direct and indirect spend
50%
supplier compression