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Spend Analysis Services
GEP provides spend analysis services to leading Fortune 500 and Global 2000 companies worldwide, helping clients identify and realize hundreds of millions in savings every year.
Why do so many leading procurement organizations count on GEP for spend analysis services? Because penetrating, insightful, actionable analysis of spend drives successful sourcing plans. So it’s absolutely critical to get it right.
Fact is we keep score the same way you do: hard dollars and cents, hard pounds and pence, hard euros and – you get the idea – actual savings realized.
GEP combines unmatched expertise and experience with state-of-art tools and technology to provide comprehensive spend solutions to your team. And, unlike most firms, we go far beyond recommendations to help you achieve the results we’ve targeted.
There are latent saving opportunities in your global supply chain. GEP will help you find them, set targets and achieve them – that’s our promise to you.
Spend data not organized in one neat pile? GEP will cleanse, validate, enrich, classify and report spend data across multiple, disparate systems, generating accurate, actionable information, with item-level visibility across the enterprise.
Using artificial intelligence-based tools, built on proprietary algorithms and field-tested in hundreds of complex engagements, we can power through high volumes of data rapidly with sourcing- and industry-specific taxonomies, achieving classification accuracy of 95 per cent, while providing granular insight on spending trends and buying activities.
That's critical to your procurement team's success in streamlining their strategic sourcing plans, reducing maverick spend and realizing substantial cost savings.
GEP Spend Analysis
- Category and commodity experts in local & region markets
- Vast knowledge base of historical and current market prices
- Aggregated spend by commodity, supplier & category from disparate
sources, languages, currencies
- Artificial Intelligence-based tools and algorithms, sourcing- and industry-specific taxonomies
- Data classification accuracy of more than 95% (group, family, category and component levels)
- Spend visibility at line item-level across categories and business
- Product specification including quality, availability and service requirements
- Comparison of attributes across suppliers and commodities
- Enhanced vendor normalization and parent-child linkage
- Data enrichment including D&B scores, diversity and
- Current contract costs, terms, and conditions
- Comprehensive reports, multi - dimensional analysis
- Understanding of all fixed and variable cost drivers for total cost of ownership
- Strategic sourcing strategies for cost reduction
- Execution by experienced global sourcing teams
Count on GEP
Increase in savings from sourcing
efforts based on spend analysis
Increase in total spend under
Improvement in compliance with
Reduction in sourcing cycles, enabling companies to increase the volume of spend that is strategically sourced
GEP Spend is a best-in-class, software-as-aservice (SaaS) spend management solution that cleanses, validates, classifies and reports spend data across disparate systems.
GEP Spend cleanses raw spend data, removing duplicate records and validating numeric values. 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.
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. Learn more.