Case Study: Cement Company accelerates procurement operations with Procol

INR 10000+ Cr Cement Company Accelerates Procurement Operations with Procol

A major cement company in India, with an annual revenue exceeding INR 10,000 crore, faced significant procurement challenges. Their process was inefficient, with vendor onboarding taking up to 48 hours, and manual operations limited spend visibility and data centralization. To address these issues, they partnered with the vendor Procol for a digital transformation.

Procol implemented its platform, specifically the ProOptimize module, to automate and standardize procurement. The solution managed supplier and RFX processes, generating powerful data insights. This resulted in a dramatic improvement, slashing vendor onboarding time to just 15-30 minutes. The platform digitally managed over INR 40 crore in GMV, delivering approximately 11% in savings and enlisting 2,400 vendors with 83% active participation.