Case Study: UniCredit achieves centralized spend analysis and supplier normalization with Creactives

Development of a new global taxonomy to centralize spend data and enabler the demand planning

UniCredit, Italy's largest bank, faced a significant challenge with segregated and duplicated supplier data across its international operations. This lack of transparency and non-granular classification hindered centralized spend analysis and procurement performance tracking. The bank engaged Creactives to implement a solution to address these issues.

Creactives implemented their TSV – Spend Analysis service, defining and deploying a new global taxonomy across multiple countries within a single year. This initiative required minimal effort from UniCredit's own domain experts. The solution delivered an effective supplier normalization process, which included DUNS enrichment and resulted in a 6% reduction in suppliers, providing greater data clarity and cost avoidance.

UniCredit