Lionsgate, a global entertainment company, lacked total visibility into spend due to separate ERP systems and its reliance on purchase cards.
The company sought a cutting-edge technology solution to gain enterprise-wide spend visibility and optimize spend analysis and categorization, and chose GEP’s AI-powered, cloud-native platform GEP SMART™.
The project involved two challenges. One was to set up a robust system to make it easy for Lionsgate to track its $1-billion annual spend. The second was to provide the client spend visibility according to the norms and processes of the global entertainment industry.
GEP SMART excelled in both the tasks. It provided Lionsgate 97% annual spend visibility by bringing about new efficiencies in procurement. It also cleansed and standardized the client’s 25,000+ supplier base and optimized spend, among other improvements.
Download the full case study to learn more about the impact GEP SMART created on Lionsgate’s procurement function.
It’s a must-read for business leaders looking to achieve high spend analysis accuracy and complete visibility into spend.