Advanced spend analytics and procurement capabilities to reduce costs

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The client is a leading agricultural company that needed insights into company-wide direct and indirect spend. There was no centralized procurement function across more than 20 offices and five different systems.


ElectrifAi solution realized spend visibility from 4 data sources through: Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification, Data Extraction and Upload to Spend Analysis platform (EIQ)


spend savings realized in first year
categorization of both direct and indirect spend
supplier compression

Realized spend savings of $2M in first year and projected spend $2M savings for the following year. 6-week deployment timeline with 99% categorization of both direct and indirect spend. Automated alerts when a buyer purchased outside of company-defined purchasing agreements. SpendAi provided 50% Supplier Compression with 99.8% of total spend classified.