Case Study: Large U.S.-based oil and gas company achieves reduced sourcing spend and standardized procurement with EdgeVerve

Large U.S. based oil and gas company with over 50,000 employees worldwide

US Based Oil and Gas Company, a global employer of over 50,000, struggled with low integration after mergers, decentralized operations with non‑standard processes, fragmented buying across multiple systems and frequent maverick spending. To tackle these procurement and compliance challenges the company engaged EdgeVerve to deploy source‑to‑contract platforms.

EdgeVerve configured and implemented a single source‑to‑contract platform for all indirect categories (marketing and professional services, IT, HR, travel, facilities and real estate), consolidating sourcing events, vendor risk assessment, contract compliance and management. The EdgeVerve solution standardized processes and reporting, increased visibility, reduced sourcing spend and SG&A, improved spend insights and vendor performance, and delivered a scalable enterprise‑wide capability.