Seamless Source-to-Pay Data Integration

Managing savings projects has traditionally been a spreadsheet exercise. How else can you collate all the data and analyze it all in one place?

To understand whether your strategic sourcing plan is on track for a category, you need to know what you have spent in this category in the past and with which suppliers. You’ll have to identify the potential savings opportunities. You’ll need to know which suppliers have been invited to which sourcing events, and how their offers stack up against your savings targets. Then determine whether the contracts you sign with your chosen suppliers are in line with your plan.

Not just that, you’ll have to verify if the ongoing purchases in this category are in compliance with the contracts you’ve negotiated. Then check any maverick spend that can be rationalized. You would also need visibility of which suppliers are adhering to the agreed terms and which ones need help to keep your project on track. With a different system handling each requirement, it’s no wonder that procurement professionals have been forced to gather and analyze all this information using spreadsheets.

Not anymore. GEP SMARTTM brings all that activity and intel into one place — on your desktop, laptop, tablet, or mobile phone. Your strategic sourcing events, contracts, suppliers, and purchase orders are all linked to your savings projects, and your dashboard can tell you — at a glance — how each project is performing. So what you’ll get are actionable insights, not just savings data. Now that’s a smart way to save.

 

  • 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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