Our Customers
How a Fortune 500 Company Transformed Procurement into a Strategic Growth Lever
$7.5M
annualized savings through contract de-duplication
23%
boost in contract efficiency savings
94%
of purchases
now under full governance
The Challenge
As a New York-based financial services firm navigated the completion of recent acquisitions to their business, they faced the daunting task deciding how to manage integrating inherited systems and services.
“We knew we would be dealing now with three ERPs and more project management software systems then we knew what to do with. Half the challenge is just finding how what the acquired company has compared to what we already have”, notes the Chief Information Officer.
This new challenge on top of years of decentralized purchasing, overlapping vendor contracts, and reactive renewals had introduced hidden inefficiencies and missed opportunities for savings.
“Procurement had become a blind spot. We suspected there was significant value locked in our vendor ecosystem—but we lacked the visibility, structure, and control to access it. That’s where Opstream changed everything.”
The Solution
Cost Savings Through Intelligence and Automation
By implementing Opstream, the company rapidly uncovered redundant vendor relationships and overlapping contracts. Opstream’s AI-powered profiler and intuitive workflows enabled them to streamline their vendor portfolio, leading to a $7.5M annualized savings—capital that was reinvested directly into strategic growth initiatives.
A New Era of Contract Efficiency
Opstream’s automated renewal workflows and early stakeholder engagement redefined how the company approached contract management. With 23% higher contract efficiency savings, the company reduced waste, eliminated late renewals, and aligned agreements to actual usage and business need.
Governance that Drives Growth
With 94% of purchases now under full governance, procurement has become a strategic control point—ensuring consistency, reducing rogue spend, and strengthening compliance. More than just orchestrating purchases, Opstream helped transform procurement into a value creation function.
The Results
Enhanced team efficiency – Approval teams saved 60% of their review time
With Opstream, the company didn’t just automate procurement—it evolved it. What began as a cost-saving initiative became a strategic enabler of reinvestment and resilience. This new operational maturity has helped them free up capital, manage risk more proactively, and support sustained, profitable growth in a competitive environment.
“We brought Opstream in to help us clean up procurement—but what we got was a strategic advantage. The savings was just the beginning. By unlocking contract efficiency and driving full governance, we turned procurement into a lever for growth that is pushing the business forward” – Chief Information Officer.
