Real-Time Procurement Savings Visibility

Knowing you can deliver greater savings in your category over the next two years is one thing. Actually realizing those savings requires focused effort, collaboration and careful management. But that’s not the end. Getting the realized savings validated and signed off by the finance team is another thing altogether.

From concept to execution to realization, GEP SMARTTM provides full ongoing visibility of the performance of all your savings projects. Throughout the life of the project, you can define the milestones and waypoints at which you can report and receive validation of your realized savings. Tracking your results against plans, reporting to your stakeholders and achieving sign-off at each stage will help you deliver against your targets.

GEP SMART offers complete savings visibility across all your procurement processes — from identifying savings opportunities, through negotiation and appointment of key suppliers, to purchasing and invoice management. So you can chart the course to savings and steer your project toward success, from beginning to end.

 

  • Intelligent

  • Intuitive

  • Comprehensive

  • Mobile

  • Cloud-native

  • Best-in-class

  • Powerful

  • Game-changing

SAVINGS TRACKING SOFTWARE

Get a comprehensive overview of your savings pipeline, anytime, anywhere, on any device. GEP SMART allows you to easily build, track and manage your savings pipeline by collaborating with team members and stakeholders in real time.

Initiate new savings projects based on opportunities identified through spend analysis. Ideate and discuss them with colleagues. Define the scope of your savings initiatives. Establish estimated spend and savings targets, then define milestones based on when you expect to negotiate and realize those savings. Create teams, assign resources and roll out new savings projects. Then track them easily as you negotiate and realize savings through the year.

Savings Dashboard

Get complete overview of your savings projects throughout their life cycle, with real-time, enterprise-wide savings visibility for better, more informed business decisions

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Seamless Data Integration

Automatically consolidate data from auctions, RFx and contracts to identify negotiated and realized savings in real time. No need to enter data manually or maintain multiple sheets

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Collaboration Platform

GEP SMART is a cloud-based platform that helps you identify, initiate and launch new savings projects in collaboration with colleagues across functions and locations

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Complete Savings Visibility

Get real-time visibility into all types of savings across the enterprise — cost avoidance, cost reduction, signing bonus, rebate and gain share — with just a few clicks or taps

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Performance Benchmarking

GEP SMART lets you evaluate the performance of all your cost-saving projects across the enterprise by comparing with historical savings data and other savings baselines

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Savings Validation

Capture actual purchase and invoice activity automatically and track performance against targets. Convert projected numbers into realized savings validated by finance

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