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

Retail

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

Key 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.

Our Products in Action

ElectrifAi products 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.

Business Impact

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

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

Talk to one of our experts.

Headquarters

Global Offices