Enhanced company-wide spend visibility, higher supplier negotiating leverage, and 98% spend classified
The client—a leading technology multinational—needed a rigorous spend analysis solution to negotiate and prioritize with limited resources available. There was lack of clarity on spending to support annual planning to one off requests from executives or category managers. The client needed to rank their suppliers in order of priority based on total spend by all business units for annual planning. The client needed to track their spend with diverse suppliers to demonstrate regulatory compliance with federal entities.
ElectrifAi solution to drive spend classification for 10 data sources through: Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification, Data Extraction and SpendAi Dashboards available to all licensed users.