Identifying savings opportunities in clean, classified spend data is crucial, but where do you focus? Strategies like price reduction, demand aggregation, and supplier base rationalization are all valid, but which should you use?
GEP SMART™ helps with its Opportunity Finder. It searches and analyzes your spend data, highlighting areas where supplier count is too high, payment terms vary too much, or demand can be aggregated for more savings. Plus, GEP SMART links supplier data, flagging opportunities to rationalize pricing across subsidiaries.
See More Innovative Features
Unified Procurement Platform
Spend Analysis
Advanced AI technology extracts real-time, deep insights from your spend data, enabling you to understand spend quickly and easily and optimize savings opportunities based on your sourcing strategy.
Savings Tracking
Gain real-time visibility into your cost-savings initiatives and their impact. AI eliminates redundancy and error from data capture, tracking and measurement.
Sourcing
Advanced AI capabilities can streamline the process of identifying, evaluating and qualifying new suppliers, shortening the RFx-to-award cycle and helping you achieve best-value agreements.
Contract Management
Generative AI systems reduce the time, effort and paper used to create, manage and monitor contracts, boosting contract utilization and increasing spend compliance.
Supplier Management
Generative AI enhances supplier relationships by offering insights to improve negotiations, contract management and dispute resolution, while also facilitating collaboration and engagement with suppliers.
Procure-to-Pay
Leverage AI to accelerate adoption, maximize spend under management through an intuitive, conversational purchasing experience, optimize compliance, and reduce the req-to-pay cycle time.
