Company Profile
Financial services company
Revenue: $24B
Employees: ~15,000
Systems: SAP, Coupa, Outlook, Teams
Managed workflow: Non-strategic Tech & IT renewals below $100K
Spend in scope: $29M
A financial services company isusing Rivio to manage high-volumerecurring spend, cutting purchasecycle time by 50%.
Rivio AI Employees managed the renewal workflow while Rivio procurement experts handled exceptions and stayed accountable for cycle time and savings goals.
Status Quo
25-day cycle time
to complete renewals
to complete renewals
6 FTEs
involved through a traditional BPO
involved through a traditional BPO
No savings captured
on long-tail renewals
on long-tail renewals
How Rivio Delivered
Step 1:
Source-to-contract
AI Employees automated stakeholder outreach, benchmarked renewals, and managed vendor negotiations.
Impact
-5 days faster cycle time
$2.4M savings identified
Step 2:
Procure-to-pay
AI Employees handled PR routing, approval follow-up, and PO creation.
Impact
-6 days faster cycle time
Stronger compliance & faster PO turnaround
End State
12-day cycle time
to complete renewals
1 FTE oversight
driving the process
$2.4M P&L savings
delivered on $29M in spend
Outcomes
50%
Cycle-time reduction
from 25 days to 12 days
$2.4M
P&L savings
delivered on $29M in spend
AI Employees handled the work. Rivio experts managed exceptions, escalation, and accountability.
Trusted by modern procurement teams
How Brex made Sheldon a core part of their procurement workflow.
"When we're creating a roadmap over the next 12 to 18 months for the deals and the overlap that we want to target, the information has been honestly cornerstone."
David; Procurement Team, Brex
What our customers say
"With Rivio, we 4x the volume of purchase requests handled a month with only one more person on the team. Our team would not be able to handle the scale of the business without Sheldon (Rivio's AI agent)."
Head of Procurement
Harvey
"Rivio's AI platform has delivered meaningful value to our procurement organization, helping us leverage precise industry benchmarks with greater speed and confidence. Just as important, their team has been a true partner; responsive to feedback and committed to continuous improvement."
VP of Procurement
Checkr
Benchmarking Partners
The data infrastructure behind Sheldon's intelligence.
HEX Advisory Group
How Rivio and HEX are building the benchmark layer that enterprise procurement has always needed.
"Sheldon and the HEX Index® adds to the decision velocity, because now we are now arming the clients with the intelligence at hand, at the very time they need to make calls."
Sarthak; CEO, HEX Advisory Group
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