GEP Selected by YBS to Provide End-to-End Procurement Services

By CIOReview | Wednesday, February 17, 2016

CLARK, NJ: GEP, a provider of procurement services and solutions to leading global organizations has made an announcement of being chosen as vendor by the United Kingdom’s Yorkshire Building Society (YBS) for multi-year agreement. The company will provide complete range of procurement solutions, inclusive of sourcing and procurement services and solutions to YBS.

Headquartered in Bradford in West Yorkshire, England, YBS was founded in 1864 and serves the communities with financial products such as savings, mortgage, insurance and investment tools. YBS operates through its network of 230 branches and 96 associated agencies and has assets of approximately £38.5 billion.. On the other hand, vendor GEP is Clark, NJ based team focused on providing practical and effective procurement services and solutions to fine tune the client’s operations, strategy and financial performance. Its recent accolades include Leader and Star Performer in Everest Group's PEAK Matrix of Procurement Services Providers, Leader in NelsonHall's NEAT Matrix of Global Procurement BPO Service Providers, Winner in the HfS Blueprint Report on Procurement Outsourcing Providers, Leader in the Kennedy / ALM Vanguard Report on Procurement Consulting, as well as one of Spend Matters 50 Companies to Know and to the Supply & Demand Chain Executive 100.

According to the terms of the agreement, in the first three years, GEP will provide gamut of source-to-pay services which include source-to-contract support, supplier relationship management, and procurement operations to YBS. Simultaneously, the company will also provide its SaaS-based procurement platform, touch and mobile technologies to automate, streamline and improve the overall source-to-pay process at YBS. Eventually, YBS will leverage the unified platform's robust spend analysis, sourcing, contract management and procure-to-pay capabilities, among other functionalities. "We're delighted and very proud to be working with a community-minded organization that makes such a fundamental and important contribution to lives of the people it serves as members," said Neha Shah, executive vice president and head of business development at GEP.