BFSI

Advanced spend analytics and procurement capabilities to reduce costs

Challenges

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.

Solutions

ElectrifAi product 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)

Outcomes

$2M

spend savings realized in first year

99%

categorization of both direct and indirect spend

50%

supplier compression

TMT

Delivered $125M in savings annually and 99% spend classification

Retail

Enhanced company-wide spend visibility, higher supplier negotiating leverage, and 98% spend classified

Healthcare

Enhanced company-wide spend visibility, 25% supplier compression, and 99.5% spend classification

ElectrifAi’s pre-built Machine Learning, NLP, and Computer Vision software products solve high-value business problems with guaranteed 5x ROI in 6-8 weeks. We call this transformative impact as Consequential Ai. Our products help you drive top-line revenue growth, improve operational efficiency and reduce risk, while you pay only when your KPIs are met. We partner with a diverse range of clients—from Fortune 500 to mid-sized enterprises—transforming their data into a strategic weapon to drive enterprise growth and profitability.