Case Study: Nayara Energy achieves significant savings and streamlined sourcing with Prospecta's MDO Live Auctions

Nayara Energy utilizes MDO Live Auctions to generate savings

Nayara Energy, a fully integrated oil & gas company, needed a cost‑effective sourcing solution to improve savings, compliance and cost analysis. Facing ineffective vendor management, limited visibility into savings and spend, manual quote tracking, no prequalification/approval process, and an inability to track orders by category, Nayara adopted Prospecta’s Master Data Online (MDO) via the ConnectBizOnline platform with the MDO Live Auction module to centralize and automate sourcing.

Prospecta implemented MDO to provide a vendor evaluation portal, maintain a product catalog, run live auction events across departments, and deliver spend and savings reports. The solution created a structured, transparent sourcing workflow that generated measurable savings through quick live auctions, improved vendor compliance and evaluation, and enabled better spend analysis and event tracking across categories.

Nayara Energy