A major U.K.-based financial services company that provides credit, savings, and mortgages to over four million customers was looking for a high-performing digital procurement solution to achieve spend visibility, manage risks and optimize supplier management.
Thanks to GEP’s procurement consulting team, the company was able to streamline and automate its entire source-to-pay process with GEP SMART™.
Utilizing GEP SMART’s AI-powered spend analytics, the firm was able to identify savings opportunities and create a 360-degree risk management framework to manage and mitigate business, regulatory and third-party risks. The outcome was an eight-fold increase in annualized savings over four years and hundreds of millions of dollars in spend processed annually.
Read more to learn how GEP delivered end-to-end digital procurement transformation.