Imagine slashing procurement times nearly in half while managing over 90% of your IT spend. That’s exactly what SiriusXM, North America’s audio entertainment powerhouse, achieved by partnering with Levelpath. This isn’t just a story about software, it is a tale of transformation that’s reshaping how a media giant does business.

Beyond Technology: A Catalyst for Organizational Change

SiriusXM’s procurement team not only enhanced processes but also catalyzed a company-wide transformation. This powerful end-to-end platform enabled:

Overhaul of IT workflows, vendors, and tech stack
Expansion of strategic procurement across multiple business units
Bridged gaps between procurement, finance, IT, and beyond

Intrigued? Let us dive into how SiriusXM turned procurement pain points into profit drivers.

SiriusXM’s Challenge: Growing Pains
SiriusXM’s rapid growth since 2008 led to varied procurement processes across the company. With no centralized strategic sourcing team and complex approval chains, the fast growing media company faced growing inefficiencies. A single contract could require up to 15 approvals.

In late 2022, SiriusXM discovered Levelpath, an AI platform that unifies procurement. This solution was new to the market and answered SiriusXM’s needs:

Centralized and consolidated intake request management
Accelerated cross-functional coordination
Enabled mobile-first accessibility
Leveraged AI-driven insights and automation
Implemented auto-renewal governance

Impressive Results: SiriusXM’s Procurement Team Drives Efficiency with Levelpath

The strategic partnership between SiriusXM’s dedicated procurement professionals and Levelpath’s innovative platform led to remarkable improvements:

Slashed Cycle Times: The procurement team achieved a 47% decrease in procurement cycle times, significantly accelerating processes.
Realized Cost Savings: Through strategic implementation, SiriusXM secured substantial IT cost savings within the first year of adoption.
Expanded Spend Visibility: The team’s efforts brought over 90% of IT spend under management, enhancing control and oversight.
Enhanced Contract Management: Procurement professionals leveraged Levelpath to improve contract visibility and implement robust auto-renewal governance.
Optimized Cross-functional Collaboration: The team streamlined coordination across departments, facilitating smoother contract completion processes.

Expanding Impact

With plans to expand Levelpath’s use across more business areas, SiriusXM is poised for even greater efficiency gains. The procurement team is excited about the potential to:

Manage thousands of contracts across various departments
Create a 360-degree view of supplier relationships
Further leverage AI for enhanced workflow and productivity

Elevating Procurement’s Role

SiriusXM’s success story is not just about implementing a new tool. It is about changing perceptions of procurement’s value across the entire organization. By demonstrating significant cost savings and efficiency improvements, the procurement team at SiriusXM is showcasing how strategic sourcing drives better business outcomes.

Want to dive deeper into SiriusXM’s procurement transformation journey? Read the full case study here to discover more insights and learn how Levelpath could revolutionize your organization’s procurement processes.

Are you ready to transform your procurement processes and drive significant business value? Take a page from SiriusXM’s playbook and discover how Levelpath’s AI Platform for Unified Procurement can help your organization achieve remarkable results. Request a demo of Levelpath today or join us for one of our monthly product demos!

— Michaela

Delightful Procurement. We have Agents for that.

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