Case Study: a Fortune 500 energy company identifies $40M in savings with Verusen

Verusen helps Fortune 500 Energy company verify $20M in savings opportunities in less than 45 days

A Fortune 500 energy company providing gas and electric services faced challenges after significant growth through mergers and acquisitions. This growth resulted in a lack of visibility into its materials inventory across business units, leaving it unable to optimize stock and eliminate excess working capital. The company needed to harmonize its disparate data and turned to Verusen for a solution that could combine data and inventory optimization into a single platform.

Verusen quickly bypassed a lengthy data harmonization project to deliver a single, unified view of all inventory. This solution, leveraging the existing Maximo system, enabled the energy company to identify over $40 million in savings opportunities in less than 45 days, with $20 million of those verified within 90 days. Verusen's platform also provided a 100% capability to audit all material inventories and helped the company achieve a 50% reduction in working capital in under a year.