ElectrifAi | Enhanced company-wide spend visibility, higher supplier negotiating leverage, and 98% spend classified

Retail

Enhanced company-wide spend visibility, higher supplier negotiating leverage, and 98% spend classified

Key Challenges

The client was a leading luxury retailer. They needed a single view of consolidated spend data that includes ERP data and their suppliers' data, but had too much data to analyze. The client wanted to view their spend by their categories company-wide.

Our Products in Action

ElectrifAi products executed the following for 7 data sources: Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification, Application of Neiman Marcus Feedback, Data Extraction, SpendAi Dashboards available to all licensed users.

Business Impact

65%

supplier compression leading to higher negotiating leverage

98%

spend classified

Company-wide view of spend leading to immediate savings

65%

supplier compression leading to higher negotiating leverage

98%

spend classified

Company-wide view of spend leading to immediate savings

Retail

Identified saving opportunities with negotiating leverage and 99% total spend category classification

BFSI

Advanced spend analytics and procurement capabilities to reduce costs

Real Estate

Speeding up building inspections by 60x and 80% time savings

ElectrifAi’s pre-built Machine Learning, NLP, and Computer Vision software products solve high-value business problems with guaranteed 5x ROI in 6-8 weeks. We call this transformative impact as Consequential Ai. Our products help you drive top-line revenue growth, improve operational efficiency and reduce risk, while you pay only when your KPIs are met. We partner with a diverse range of clients—from Fortune 500 to mid-sized enterprises—transforming their data into a strategic weapon to drive enterprise growth and profitability.

+1 (646) 520 4320

info@electrifai.com

1110 Brickell Avenue, Suite 400k-258, Miami, FL, US, 33131

Talk to one of our experts.

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Enhanced company-wide spend visibility, higher supplier negotiating leverage, and 98% spend classified

Talk to one of our experts.

Headquarters

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