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How a state government improved procurement analytics to save $65M

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Industry
Governments
Problem

An Australian state government sought improved visibility into its supplier spend data

The government wanted a solution that rapidly analyzed supplier spend, visualized category insights and identified procurement optimization opportunities.

Commercial GTI mid page A clearer view with Global Treasury Intelligence

Using the technology behind Mastercard Global Treasury Intelligence, the government received a comprehensive view of supplier spend through a centralized, user-friendly platform.

Approach

The solution allowed the government to extract data from multiple enterprise resource planning (ERP) systems on a monthly basis, with no required integration.

All transactional data was cleansed before classifying against United Nations Standard Products and Services Code® (UNSPSC®) and an internal taxonomy.

RESULTS

Optimized supplier spend

The technology behind Mastercard Global Treasury Intelligence provided a 360-degree view of all procurement data, enabling key stakeholders to easily drill into spend optimization opportunities.

95%
of spend, totaling AU$17B, was accurately categorized according to UNSPSC taxonomy.
AU$65M
total realized cost savings due to enhanced governance and reduced contract leakage.

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