Case Study: Essar Group achieves streamlined sourcing and significant cost savings with Prospecta's ConnektBizOnline

Essar Oil utilizes ConnektBizOnline Live Auctions to generate savings

Essar Group, a fully integrated oil & gas company operating across the hydrocarbon value chain, faced ineffective vendor management, manual sourcing, lack of spend/savings reporting, and no formal vendor approval or tracking processes. To address these challenges, Prospecta was engaged to provide its ConnektBizOnline (CBO) platform, using the Live Auction module as a cost‑effective sourcing solution.

Prospecta implemented CBO’s vendor portal and Live Auctions, delivering a web‑based, scalable system with vendor evaluation, instant notifications, product catalog management, and cross‑department event rollout. The solution streamlined sourcing, increased transparency and compliance, enabled spend‑pattern reporting, and generated measurable savings through quick, effective live auction events, improving ROI for Essar Group.

Essar Group