Reduced overall spend, improved spend diversity with comprehensive city-wide spend and supplier visibility
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.
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.
ElectrifAi’s solution achieved consistent, reliable spend data visibility and supported corporate diversity business development initiative.