Written by Matt Holzapfel
Spend visibility is a foundational need for procurement organizations, but many enterprises struggle to gain this visibility and keep it up-to-date. The notoriously messy nature of spend data and inability of legacy, rules-based technologies to keep up with the pace of business has made solving this problem a thorn in the side of many Chief Procurement Officers.
Societe Generale, a leading European financial services institution, recognized the need to take a fresh approach to solving this problem in late 2017 when they selected Tamr as a digital transformation partner and as their solution provider for spend analytics. Check out the video case study below.
The bank’s Group Sourcing Division manages the “source-to-contract” process for 250 buyers in 22 countries who collectively engage more than 100,000 suppliers and oversee €6.5 billion of spend. This complexity has made legacy solutions a non-starter. Previous attempts to apply a rules-based system were able to integrate just 15 of 100+ ERP systems and provided only 40% spend visibility.
In this 3-minute video, Jean-Baptiste Anne (Societe Generale’s Head of Sourcing Methods & Information Systems), describes why the Division chose Tamr and some of their successes so far, such as deploying Tamr’s Spend Analytics Solution in under 2 months and being able to reduce manual support effort by over 70%.
The success of the deployment has given the Division a foundation of trusted, up-to-date data that is being used to fuel the next steps in their digital transformation. As Jean-Baptiste describes in the video, Tamr’s unique approach to data integration has allowed Societe Generale to “rapidly scale our analytic operations, reduce costs, and simplify our IT environment.”