Retail

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

Challenges
The client is a top Fortune 5 healthcare company. They acquired a company with a separate ERP system but wanted a single consolidated view of company-wide spend. The client upgraded their SAP system; new identifiers were created for all IDs; they wanted to see the total spend by the unique SAP system IDs. The client had 4 data sources that need to be normalized and aggregated to see company-wide spend. The client wanted to know spend with vendors that are not under contract.
Solutions
ElectrifAi solutions executed the following for 4 data sources: Data Validation, Data Cleansing and Consolidation, Profit Center and Cost Center Migration Updates, Vendor Clustering and Parenting, Spend Classification, Application of CVS Feedback and SpendAi Dashboards available to all licensed users.
Outcomes
60%
supplier compression, higher negotiating leverage
99%
total spend classified into categories
Company-wide view of spend post-acquisition
60%
supplier compression, higher negotiating leverage
99%
total spend classified into categories
Company-wide view of spend post-acquisition
Healthcare
Enhanced company-wide spend visibility, 25% supplier compression, and 99.5% spend classification
Retail
Enhanced company-wide spend visibility, higher supplier negotiating leverage, and 98% spend classified
Manufacturing
Gained complete spend visibility with realized savings of $2M in one fiscal year and 99% spend categorization