BFSI

Advanced spend analytics and procurement capabilities to reduce costs

Challenges
The client was a spin-off from an American multinational payment card services that needed to develop its spend analytics and procurement capabilities. The client had a new procurement team looking to drive significant stakeholder value by reducing costs. The client wanted to assume ongoing data maintenance and required a tool that permitted this.
Solutions
ElectrifAi solutions helped consolidate and classify spend data so that they could manage it internally. The solution classified three years of historical data for the new enterprise.
Outcomes
Fully operational spend dataset for spin-off entity
Spend data classified and managed by spin-off
Reduced indirect spend with procurement insights
ElectrifAi’s solution achieved a fully operational spend dataset where classification is managed directly by customer personnel.