Facing Higher Tariffs? Build Supply Chain Resilience by Fixing Accounts Payable

May 20, 2025 | Accounts Payable

How does your accounts payable (AP) team process invoices? Does it still rely on manual checks and lengthy approvals? How long does it take to process a single invoice?

Today, how your AP team functions can make or break your business, given the significance of having strong vendor relationships amid growing uncertainty in the business environment.

Smart businesses know their vendors are their most strategic asset in uncertain times. Tariffs or no tariffs, strong vendor relationships can ensure regular supply of raw material and business continuity.

Global Leader in Utility Solutions Achieves 12% Procurement Savings Through Post-Merger Synergies

Read more about Global Leader in Utility Solutions Achieves 12% Procurement Savings Through Post-Merger Synergies

Mergers are rarely seamless, as we all know.

After a merger, a leading utility solutions company was grappling with siloed procurement operations, inconsistent spend classifications and no clear plan to find and capture synergies.

Faced with the challenge of consolidating operations and driving efficiency, the Fortune Global 500 company teamed up with GEP.

Learn how GEP standardized source-to-pay (S2P) processes, established a clear governance model and helped the company not just regain control but unlock savings.

Key Highlights:

Looking for Savings Opportunities? There’re Plenty in Your Tail Spend

April 17, 2025 | Procurement Software

Often, functions within an organization make purchases outside procurement contracts. These random, low-value transactions remain under the radar.

Monitoring this portion of spend, often called tail spend, has become vital because of increasing pressure to find cost-saving opportunities across the organization.

Challenges in Managing Tail Spend

Traditionally, procurement has concentrated on strategic spend that represents a major share of overall spend. It hasn’t focused on tail spend, which can account for up to 80% of total transaction volumes.

Beyond Bill Payments: How AP Can Optimize Cash Flow and Free Working Capital

April 16, 2025 | Procurement Strategy

The Link Between Accounts Payable and Cash Flow

Cash flow is the lifeblood of any business, but if your accounts payable process is slow, inefficient or riddled with errors, it could be quietly draining your working capital. Late payments damage supplier relationships, missed discounts leave money on the table and a lack of visibility makes financial planning a guessing game for procurement and supply chain pros.

Why Your Business Needs a Purchase Order Application

April 10, 2025 | Procurement Software

Today’s economic landscape is rife with uncertainty, driving organizations to continually seek ways to enhance efficiency and reduce operational costs. In procurement, automating manual processes is a top priority for procurement leaders. In the 2025 Annual ProcureCon CPO Report, 40% of respondents said reducing manual tasks was a high priority.

What is Invoice Cycle Time (And Why It Matters for Your Business)

April 08, 2025 | Accounts Payable

Imagine there are 10 invoices pending during a month and the accounts payable team processes six invoices during this period. This leaves four invoices unpaid.

While this may seem trivial, it can impact the business in the long term. Repeated instances of late payment can frustrate your suppliers.

Now imagine you are a supplier and supply goods to two businesses. The first one takes 10 days to pay your invoice while the second pays your invoice within three working days.

African American Leaders in Facilities Management: A Conversation with United Building Maintenance CEO Sharad D Madison

April 08, 2025 | Procurement Strategy

Black History Month is celebrated every year in February to recognize the contributions of African Americans to the society.

But it’s crucial to remember that the significance of Black history extends far beyond the confines of the month.

Black history is an integral part of the larger story of humanity, woven into every aspect of culture, innovation, and progress.

Stop Guessing Games: Use Machine Learning to Optimize Inventory

March 04, 2025 | Inventory Management Software

How much inventory is too much? Or too little? What is the optimum inventory level for smooth running of operations?

Many businesses haven’t found straightforward answers to these questions, despite an increased focus on inventory management.

In fact, getting inventory management right has always been a top priority for enterprises. But this isn’t as easy as it sounds. Why?

Powering the Future: Navigating Energy Transition

Read more about Powering the Future: Navigating Energy Transition

The profound impact of AI and innovation on the energy and utilities sector is undeniable. But navigating the complexities of supply chain constraints, renewable integration, and shifting customer expectations requires smart strategies.

For expert insights, explore this latest GEP guide. It highlights actionable approaches to tackle challenges and seize opportunities in this dynamic landscape.

What’s Inside

How to Improve Your Supplier Enablement Strategy

January 13, 2025 | Procurement Strategy

Why do some supply chains stand firm under pressure while others crumble? The difference often boils down to supplier enablement.

It’s not just onboarding or setting up processes. Enabling suppliers to collaborate, innovate, and adapt with your business is crucial. With the right mix of technology, communication, and structured processes, businesses can eliminate inefficiencies, anticipate risks, and foster a network that thrives under any condition.

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Facing Higher Tariffs? Build Supply Chain Resilience by Fixing Accounts Payable

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Looking for Savings Opportunities? There’re Plenty in Your Tail Spend

Challenges in Managing Tail Spend

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Beyond Bill Payments: How AP Can Optimize Cash Flow and Free Working Capital

The Link Between Accounts Payable and Cash Flow

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Why Your Business Needs a Purchase Order Application

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What is Invoice Cycle Time (And Why It Matters for Your Business)

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African American Leaders in Facilities Management: A Conversation with United Building Maintenance CEO Sharad D Madison

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Stop Guessing Games: Use Machine Learning to Optimize Inventory

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How to Improve Your Supplier Enablement Strategy

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