GEP: Unified Procurement Tool with Guaranteed Operational Benefits

Procurement technology is evolving at a fast pace as enterprise organizations are transforming from tactical teams focused on cost reduction to strategic units that are adopting the latest technologies—making them future ready. “Most conventional tools and software across the procurement cycle diminishes the benefits of automation and limits collaboration between stakeholders,” remarks Dr. Subhash Makhija, CEO and Co-founder, GEP. For enterprises aspiring to boost process efficiency, GEP offers a single, unified cloud-based solution that streamlines and automates all procurement processes. Tasks like spend analysis, savings tracking, sourcing, contract management and Procure-to- Pay (P2P) are brought down to a sole integrated platform, allowing business stakeholders to collaborate efficiently and optimize savings opportunities.

GEP’s flagship solution, SMART is a cloud-based procurement software that delivers comprehensive spend, sourcing, and procurement functionality in a unified platform native to cloud, mobile, and touch. The integrated platform makes SMART the first ‘e-Procurement’ software with advanced, artificial intelligence based analytics and proprietary algorithms. “SMART gives you easy access to a rich, perpetually updated repository of field-tested, best-practice processes and workflows, checklists, scorecards, templates and tools for every situation or objective,” explains Makhija. SMART is platform agnostic and can be easily integrated into most back-end ERP systems like Oracle and SAP. Designed by procurement professionals, the tools within SMART, empower users rapidly, without the burden of extensive re-training, reducing the time taken for implementation. “Our procurement platform is designed for fast, economical deployment, with uninterrupted upgrades, reducing the risk of implementation snarls, cost overruns or technical glitches,” remarks Makhija.

SMART is a unique e-Procurement platform with supplier network support that helps businesses find and connect with the right suppliers, ensuring contract compliance. GEP provides clients with two prominent supplier networks along with financial performance and credit scores, sustainability and fair trade certifications of available suppliers in the network.