SpendAI

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

Key Challenges
The client is a top Fortune 5 healthcare company. The client had acquired a company operating on a separate ERP system but sought for a unified view of overall spend across the organization. After upgrading their SAP system, new identifiers were generated for all IDs, enabling the client to track total spend by these unique SAP IDs. To achieve a comprehensive view of company-wide spend, the client wanted to normalize and aggregate data from four different sources. Additionally, the client sought insights into spending with vendors who are not under contract.
Our Solutions in Action
Spend Analytics validated, cleansed, and consolidated data, including capturing details from all profit and cost centres. The solution helped the client to conduct vendor clustering, parenting, and spend classification for deeper insights. In addition, the solution also provided actionable insights through a user-friendly dashboard for 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.