GEP SOFTWARE Named a Leader in Procure-to-Pay and Buy-side Contract Life-cycle in Separate 2023 IDC MarketScapes, for the Second Consecutive Time

  • Follows IDC MarketScape naming GEP a Leader in Worldwide SaaS and Cloud-Enabled Procurement Applications**
  • Cites that GEP “provides strong supply chain offerings and has identified sustainability and resiliency as core themes, along with speed of operations and ESG reporting capabilities” 
  • Confirms GEP’s position as a Leader in the procurement application space

Clark, N.J., April 3, 2023 — GEP, a leading provider of procurement and supply chain software to Fortune 500 and Global 2000 enterprises worldwide, announced today that the company has been named a Leader in two IDC MarketScape reports* on procure-to-pay and contract life cycle. It is the second consecutive IDC MarketScape assessment of procure-to-pay (P2P) and contract life-cycle (CLM) software providers naming GEP as a leader. It also follows IDC MarketScape report recently naming GEP as a Leader in overall cloud-enabled procurement applications**.

IDC MarketScape for P2P noted GEP is a “unique solution that bridges the gaps between supply chain execution and planning and integrates with sourcing and procurement to seamlessly connect data, processes, and partners across the supply chain network.” A complimentary excerpt of the IDC MarketScape 2023 reports are available: https://www.gep.com/research-reports/gep-recognized-as-a-leader-for-procure-to-pay-suites-in-2023-idc-marketscape  

  • IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2023 Vendor Assessment (doc # US5046422, March 2023)
  • IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment (doc #US48785722, March 2023) 

GEP SOFTWARE encompasses GEP SMART™ the leading AI-powered, source-to-pay (S2P) platform, encompassing spend analytics, sourcing, category management, contract management, supplier and risk management, procure-to-pay, invoice management, and savings project management, and GEP NEXXE™, the next-generation cloud-native supply chain unified platform. It enables Fortune 500 and Global 2000 clients to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.

IDC MarketScape for P2P also noted GEP strengths include: 

  • “GEP is viewed as a responsive and trusted partner that operates with a sense of urgency and purpose.”
  • “Normalized market intelligence, ‘should cost,’ cost drivers, a category workbench, and services that leverage the overall learnings based on the totality of spend in GEP SMART provide powerful metrics that clients can use for actionable intelligence.”
  • “Offers strong industry verticals, particularly in oil and gas, energy and utilities, life sciences and pharmaceuticals, banking, financial services and insurance, and manufacturing.”

*About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

**Source: IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment (doc #US48785722, March 2023) 

About GEP SOFTWARE

GEP SOFTWARE™ provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable. With beautifully rendered interfaces and flexible workflows, GEP provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity.

GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology. GEP’s software integrates quickly and easily with third-party and legacy systems such as SAP, Oracle and all other major ERP and FP&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty.

A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters. GEP SOFTWARE is part of Clark, NJ-based GEP — the world’s leading provider of procurement and supply chain strategy, software and managed services. To learn more, visit www.gepsoftware.com.

Media Contact

Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com