As high-growth firms expand, managing payments becomes increasingly complex. Procurement and finance leaders often grapple with inefficient systems, leading to errors, delays and suboptimal cash-flow management.
Is your finance operation ready to scale efficiently?
January 22, 2025 | Technology
Software-as-a-Service (SaaS) applications are ubiquitous in enterprises today, with 96% of companies using at least one SaaS solution, and 78% using more than four platforms . This digital transformation has empowered organizations with unprecedented flexibility, scalability, and access to cutting-edge technologies.
However, with the benefits comes the added complexity of SaaS spend management. As businesses embrace an ever-expanding array of SaaS tools, many find themselves grappling with:
January 16, 2025 | Supplier Management Technology
Suppliers, much like customers, are vital strategic partners in any business.
However, the way companies manage supplier relationships often differs significantly from how they handle customer interactions. But business leaders need to equally prioritize customers and suppliers.
Subpar supplier relations result in missed opportunities, delays and inefficiencies across the supply chain. Without proper engagement and governance, supplier performance may decline. This causes disruptions in procurement processes and increases operational risks.
January 10, 2025 | Inventory Management Software
What’s the cost of inventory inefficiency in your supply chain?
From stockouts to overstocking, the financial and operational toll can be staggering.
With global supply chains under constant stress, the traditional methods of managing inventory are no longer enough.
Automated inventory management, driven by artificial intelligence (AI), has emerged as a powerful solution, offering real-time insights, predictive capabilities, and operational precision.
January 10, 2025 | Purchasing
Picture this: you’re overseeing procurement for the construction of a semiconductor plant, and a missing purchase order (PO) for critical custom machinery just derailed your entire timeline. Without this equipment, the project is at a standstill, leading to missed deadlines, penalties and revenue loss.
That’s a problem no procurement leader wants.
Tracking POs isn’t a minute detail—it’s about ensuring efficiency, accountability and smooth operations.
Let’s explore why tracking POs is crucial, how it’s done and the tools that make it a breeze.
January 09, 2025 | Accounts Payable
How much time does your team spend chasing down invoice approvals? Have you ever wondered how much money is lost to processing errors or delayed payments? These everyday issues may seem minor, but over time they can snowball into significant financial and operational burdens.
With businesses processing thousands of invoices every month, traditional methods often leave teams overwhelmed by inefficiencies, errors, and compliance headaches.
GEP has been named the #1 source-to-pay (S2P) end-to-end suite provider for enterprise contract lifecycle management (CLM) capabilities in the Hackett Group's inaugural Digital World Class™ Matrix report. Recognized for unparalleled value realization and functional breadth, GEP continues to redefine procurement excellence with its AI-powered, unified platform.
Why GEP Stands Out