Skip to main content

Context and Challenge

Context and challenge icon

  • An Australian state government sought a solution to rapidly analyze supplier spend, visualize category insights and identify procurement optimization opportunities.
  • Less than 65% of spend was accurately categorized, which negatively impacted visibility and limited their ability to identify and activate cost savings.
  • The government needed to aggregate large amounts of disparate procurement data and sought a solution for classification and analysis.

Approach and Solution

strategy icon

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

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.

Learn more about Global Treasury Intelligence

“This capability is critical to enable better data-driven procurement decision-making and promote more streamlined processes for buyers and suppliers.”
Chair of Procurement Board Excerpt from Annual Statement

Additional resources

2023 CPG Trends

Economic factors such as high inflation and interest rates continue to influence consumer spending decisions. These decisions are critical for the consumer goods industry to understand. 

Outlook Report
Economic Outlook 2023

This year's Economic Outlook report explores the causes and effects shaping the speed and path of real economic growth, - focusing on housing prices, interest rates, inflation, consumer spending & omnichannel growth.

Economics Institute
Travel Industry Trends 2023

Mastercard Economics Institute's fourth annual travel report on 2023 travel trends & the state of the travel industry.