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ITWORX Delivers UTC Data Management System to Create Structured Supplier Intelligence and Spend Visibility

When the 42nd largest US Corporation seeks spend visibility across all its worldwide business units, one of the most crucial steps is to have a supplier intelligence system in place. ITWorx implemented UTC Data Management System; a robust, automated ETL solution that unifies the format of spend data files from different source systems across UTC business units; enriches and classifies the data of suppliers and commodities; and then represents output KPIs on an advanced dashboard for spend monitoring and control. The results? Enterprise agility, cost control, and higher profitability.

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Hartford Connticut, USA By K1wy K1WY (Own work) [CC0], via Wikimedia Commons

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When the 42nd largest US Corporation seeks spend visibility across all its worldwide business units, one of the most crucial steps is to have a supplier intelligence system in place. ITWorx implemented UTC Data Management System; a robust, automated ETL solution that unifies the format of spend data files from different source systems across UTC business units; enriches and classifies the data of suppliers and commodities; and then represents output KPIs on an advanced dashboard for spend monitoring and control. The results? Enterprise agility, cost control, and higher profitability.

When a global player with multiple suppliers needs efficient consolidation of data and timely reporting, only the first best solution can be enough. UTC commissioned ITWorx to create a unique Supplier Intelligence system. ITWorx developed PrISM, (Product Information and Spend Management) system. PrISM boosts the process of data extraction, validation, and loading, as well as information processing and reporting. Powerful multidimensional and data analysis reports positively impact decision making, enabling UTC to realize complete ROI in the first year.

Chubb needed to consolidate and centralize the spend data of its offices, sites, and locations across the world. In a single repository, they wanted to store and analyze their data to produce actual and meaningful reports that act as corporate drivers for improvement and solid grounds for effective decision making. ITWorx successfully developed Chubb Spend Data Warehouse, a spend visibility solution that automates the loading, mapping, and consolidation of data and provides advanced multidimensional analysis, enabling Chubb to know where their money goes and thus opening the doors for outshining competition.