Wealth Management
Procurement Spend Analytics to drive cost saving and optimize suppliers

Challenges

Lack of visibility and control over procurement spend data, resulting in inconsistencies and errors due to manual processes and Excel spreadsheets.

Complex supplier categorization issues impacting cost-saving opportunities, negotiation strategies, cashflow management, and procurement performance measurement.

Solutions

Establishing a centralized AWS repository to enhance visibility and control.

Implementing automation and machine learning for precise supplier categorization and streamlined operations.

Integrating diverse data sources, cleaning data, and utilizing Power BI analytics for effective procurement performance visualization and communication.

Outcomes

On course to achieve cost savings of $30M (3% improvement) through enhanced procurement excellence, while also optimizing supplier relationships, improving product/service quality, and empowering decision-making.

Efficiently managed cashflows and working capital, resulting in time savings of up to 51 days annually.

To know more, download the full case study below.

Download

Download

Reach out to us

Reach out to us by filling out the form Got a question, email us at - [email protected]

UK

US

Singapore

8 Eu Tong Sen Street #14-94,
The Central

+65 94879376

India

Reach Out To Us

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.