TMT

Reliable company-wide spend data visibility and drive corporate diversity initiative

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Challenges

The client, an advanced technology firm with significant OEM partnerships, had data in separate platforms with no company-wide visibility. Procurement needed to shift from an operational, transactional focus to a strategic sourcing model. Category-specific spend was managed directly by the functional area without procurement procedural oversight or engagement.

Solutions

ElectrifAi classified spend into categories directly managed by strategic sourcing. Perform Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification and Data Extraction every quarter.

Outcomes

Consistent, reliable spend data visibility
Classified spend owned and operated by functional areas
Bring spend visibility to uncategorized spend