Case Study: Leading Financial Services Company achieves rapid, high‑volume trading of illiquid commodities with ProcurePort eSourcing

Leading Financial Services Company Implements ProcurePort eSourcing to Efficiently Trade Illiquid Commodities

Leading Financial Services Company, a global provider of electronic execution, broking and information services, faced an inefficient manual trading process for illiquid commodities (energy, natural gas, fertilizers) that led to suboptimal price matching and missed transactions. To automate sourcing and introduce fast, scalable auctions, the company selected ProcurePort’s e-Sourcing solution, including eAuction, Strategic Sourcing and Integration/Customization services.

ProcurePort implemented its configurable e-Sourcing platform and advanced e-auction engine with initial training and customization, enabling the client to run more than 6 sourcing events per week with 200+ participants per event and to initiate and complete auctions in under 5 minutes. The ProcurePort solution automated and streamlined sourcing, increased buyer/seller participation and transaction volume, improved price matching and directly contributed to the client’s business growth.