With a sprawling operation spanning 185 company codes, 85,000+ purchase order line items, and over 1.2 million invoice line items per year, the client needed help to make sense of it all. The existing ERP system, combined with multiple currencies and tens of thousands of suppliers, made it difficult to optimize spending effectively. Using Spendscape, they were able to create a single source of truth, leveraging advanced data optimization to address inefficiencies that traditional banking structures couldn’t. The result? A streamlined system and a clearer path to smarter spending.
A European banking client with over 4,500 branches, 95,000 employees, and annual revenue of 8.7 billion euros has been leveraging Spendscape since 2023 to achieve remarkable results: over 95% of spend categorized, 10% consolidation of supplier names, and 100% of financial reporting now managed through Spendscape.
Our solution
Data-Driven Spend Optimization
Using Spendscape’s SAP extractor, data is seamlessly pulled and refreshed on a quarterly basis, then enriched with client-specific and external data sources to enable advanced analytics. Spendscape’s Data Categorizer module uses a combination of account-based rules, expert input, and machine learning to deliver detailed spend categorization. Tailored dashboards provide insights into supplier negotiations, payment term standardization, supplier-bank relationships, spend trends, and accrual versus invoice comparisons, enabling the client to uncover cost-saving opportunities and optimize operations.