Spend Matters 2024
In Spend Matters' most recent assessment, GEP Software has achieved the top scores in 12 essential categories in the Spend Matters Spring 2024 SolutionMap. Go through this report to know about the assessment in detail.
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An Essential Guide to eSourcing Software
March 05, 2024 | Procurement Software
As procurement and sourcing professionals constantly seek innovative tools to enhance their operations, esourcing software, a pivotal technology reshaping how companies evaluate, select, and collaborate with suppliers can prove to be a major advantage.
This technology has become more crucial than ever, with the procurement landscape constantly evolving due to supply chain hurdles, the push for digitalization and the complexities of managing diverse spending categories.
How to Choose the Right Supplier Management Solution for Your Business
March 04, 2024 | Supplier Management Technology
Supply chains are becoming increasingly complex and interconnected, and disruptions have started to emerge from unexpected quarters, highlighting the need for resilience in supply chain management.
For enterprises, this underscores the importance of effectively managing their suppliers to mitigate risks and maintaining continuity of operations.
The importance of supplier management cannot be overstated.
2024 GEP Procurement & Supply Chain Tech Trends Report
Procurement & Supply Chain Tech Trends — 2024
What To Look For in Contract Management Tools
February 02, 2024 | Contract Management
The absence of a centralized contract management system severely impacts organizations by scattering vital data across siloed repositories.
This fragmentation restricts visibility and access, obstructing compliance efforts as holistically monitoring obligations grows difficult, escalating audit failure risks.
Revenue leakages also multiply as spend and unused entitlements evade detection without consolidated analytics.
Contracting workflows turn cumbersome when accessibility issues hinder tasks like search, retrieval and analysis, stagnating productivity.
The AI-Powered Evolution of Software for Purchase Order
February 02, 2024 | Procurement Software
The procurement process has come a long way from the days of paper forms and manual processes. The rise of digital transformation and intelligent software has led to significant improvements in efficiency, transparency, and oversight in managing purchase orders.
Gartner 2024 Magic Quadrant for Source-to-pay Applications
GEP has been positioned highest for Ability to Execute in the 2024 Gartner Magic Quadrant for Source-to-Pay Suites
Understanding Procurement Apps and Their Use Cases
January 24, 2024 | Procurement Software
Migrating key workflows such as contract management, supplier information tracking or spend analytics onto mobile procurement apps has been enabling procurement leaders to empower employees and business partners with on-demand access for maximized value delivery to the enterprise.
This blog post discusses the must-have phone/tablet-based use cases alongside current considerations for harnessing true mobility productivity without data fragmentation through a procurement software platform-driven approach.
Why Advanced Vendor Management Solutions are Indispensable for Procurement
January 23, 2024 | Procurement Software
How can businesses mitigate risks, sail through uncertain times and build resiliency?
Achieving all these objectives may seem extremely difficult, but there is surely a way to succeed — by building a strong vendor network.
In fact, it won’t be wrong to say that businesses that can build a strong vendor network and effectively manage this network are the ones that can thrive amid growing uncertainty.
That’s because they can stay prepared at all times and effectively respond to disruptions.
Direct Material Sourcing in the Digital Age: How to Thrive
January 23, 2024 | Procurement Software
Direct materials procurement faces escalating mandates from stakeholders today.
Beyond cost efficiency, procurement teams must now juggle responsibilities such as mitigating supply chain risks, improving ESG performance and ensuring business continuity – all amid a backdrop of increased global volatility.
With procurement’s profile rising, expectations mount while available resources remain static.
