Case Study: a leading pharmaceuticals service provider achieves 99.5% spend classification and 35% supplier compression with ElectrifAi

Enhanced company-wide spend visibility, 25% supplier compression, and 99.5% spend classification

The client, a leading pharmaceuticals service provider, faced the challenge of managing spend data across over 50 disparate sources, which made achieving a unified view of company-wide spending a highly manual and labor-intensive process. Inconsistencies in supplier naming conventions prevented them from accurately tracking total spend or analyzing supply base fragmentation for better purchasing leverage. They partnered with ElectrifAi for a data consolidation and classification solution.

ElectrifAi implemented a comprehensive data process that included validation, cleansing, and vendor clustering. This solution successfully compressed the supplier base by 35% and achieved a 99.5% spend classification rate. For the client, the results delivered by ElectrifAi provided critical spend visibility and management, leading to significant savings and enhanced negotiating power with suppliers.