Case Study: Fortune 5 Healthcare Company achieves 99% spend classification and 60% supplier compression with ElectrifAi

Identified saving opportunities with negotiating leverage and 99% total spend category classification

The client, a Fortune 5 healthcare company, faced a challenge in gaining a consolidated view of its spending after an acquisition. With four separate data sources and a recent SAP system upgrade, they needed to normalize and classify their spend to identify vendors not under contract. ElectrifAi was engaged to address this need using its data analytics products.

ElectrifAi implemented a solution that involved data validation, cleansing, and spend classification across the four data sources. This process enabled a company-wide view of spend and resulted in a 60% supplier compression, providing higher negotiating leverage. Furthermore, ElectrifAi achieved a 99% classification of the total spend into categories, delivering significant visibility and strategic advantage to the client.