How Prudential Financial has Transformed Spend With Data

Prudential Financial was founded in 1875 and operates through subsidiaries in the US and internationally in Asia, Europe and Latin America, provides insurance investment management and other financial services including financial planning and retirement solutions. 

Under the stewardship of Vice President, Global Head of Sourcing & Category Management Richard Porcaro, the business is in the midst of an ongoing transformation journey, working with a spend analytics partner to revolutionise how the function uses data, modernises sourcing and supplier relationships, and drives strategic value.

The goal is to both streamline procurement across the organisation and create a robust data foundation on which AI and other technologies can be deployed.