- Automotive
Real-Time Spend Analytics & Savings Forecasting: Transforming a Global Automotive Leader’s Procurement Efficiency
Challenge
A global Automotive company, having a spend of $5 billion per year, needed assistance in streamlining spend management and savings tracking, as the existing processes were time-consuming, lacked visibility, and struggled to identify cost-saving opportunities.
Solution
STATXO performed an in-depth assessment of the client’s data, covering direct & indirect spend across approximately 35 global locations. The client implemented STATXO’s platform solution SpendXO integrating ML, RPA, and Predictive Analytics, enabling real-time data access and daily-refresh dashboards.
Testimonial
“Working with STATXO has been transformative for our organization. Their customized solutions provided us with real-time insights, streamlined processes, and unprecedented cost savings. We’ve not only met but exceeded our targets, thanks to their expertise and user-friendly dashboards. It’s been a game-changer for us.”- Chief Procurement Officer
Overview
Learn how STATXO helped a global Automotive Leader streamline its spend management and savings tracking using real-time dashboards.
Impact
The solution delivered real-time financial and procurement visibility through interactive dashboards, reducing time spent on spend analysis while identifying consolidation opportunities. The client achieved over 6% in total spend savings in the first year, enhancing procurement efficiency and overall performance.
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