Case Study: a large conglomerate company achieves 5% cost savings with Procol

Using Forward Auctions to Increase and Improve Internal Cost Savings by 10%–35%

The customer, a large conglomerate company, faced challenges with its manual procurement process, which included time-consuming negotiations, a lack of a central RFQ repository, and low visibility on spending. Seeking to increase savings and profits, the company approached Procol to digitize its operations.

By implementing its e-auctions platform, Procol automated quote collection and negotiations, utilizing over 35 auction strategies. This solution resulted in over 5% in direct cost savings, the management of ₹5+ crore in monthly procurement, and over 1,000 man-hours saved, significantly accelerating the company's digital journey.