SPM Oil & Gas significantly improved procurement efficiency and reduced financial risk by modernizing supplier collaboration with SourceDay. Operating in a highly volatile manufacturing environment with demand swings and lead times exceeding 22 weeks, the company previously struggled with thousands of purchase orders and inconsistent supplier data. By integrating SourceDay with Infor CloudSuite Industrial, SPM Oil & Gas enabled real-time purchase order updates and proactive supplier communication. As a result, pending invoices were reduced from $6 million to $2 million, 90 to 95 percent of direct suppliers became active on the platform, and buyers gained cleaner data, better visibility, and substantial time and cost savings.

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