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GEP Spend – part of the modular GEP Suite 5.0 procurement platform – is a best-in-class, software-as-a-service (SaaS) spend management solution that cleanses, validates, classifies and reports spend data across disparate systems.
The result is accurate, actionable information, with item-level visibility across the enterprise. That's critical to your procurement team's success in streamlining strategic sourcing waves, reducing maverick spend and realizing substantial cost savings.
GEP Spend is an artificial intelligence-based tool, built on proprietary algorithms and field-tested in hundreds of complex engagements. All of which help GEP Spend achieve classification accuracy of 95 per cent. And GEP Spend provides granular visibility on spending trends and buying activities.
What's more, GEP Spend identifies additional opportunities for savings using fresh market intelligence and real-world learnings of GEP's industry-leading strategic sourcing and consulting services teams. No other tool can provide that kind of tangible value-add.
GEP Spend cleanses raw spend data, removing duplicate records and validating numeric values. Next, the data is enriched and normalized to eliminate taxonomic discrepancies. Then our artificial intelligence-based engine converts the data into meaningful analysis reported in customizable formats.
With rapid time-to-value and superb support and service, GEP is a leader in customer satisfaction.
We Depend on GEP Spend
GEP's spend analysis and management solutions have been thoroughly field-tested in hundreds of complex engagements. In fact, our sourcing and consulting services teams use GEP Suite 5.0 to manage many billions in spend and tens of millions of transactions annually for Fortune 500 and Global 2000 clients.
- Delivers granular visibility and insights into the trends.
- Locates, identifies, highlights untapped opportunities for additional savings.
- Sourcing based taxonomies, dynamic dashboards, automated wave plans and scheduled reports; easy to slice and dice.