Through this feature, you can easily cull from supplier offers and create contracts in a snap. We needed a tool to gain spend visibility across the enterprise. Sourcing FACT SHEET. Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. What ma… https://t.co/8niFqkbjTm, –Head of Sourcing Operations, Royal London. This was back in the early 2000s. The eSourcing module is mainly used by Indirect Souring in India. Procure to Pay FACT SHEET. GEP’s phased approach allowed the client to tailor the software to meet each specific business need. Another useful feature is its source-to-pay integration. Pros: GEP is an integrated procurement solutions and services firm that offers managed services, transformation services and its own internally developed source-to-pay technology suite. The software allows for better synchronizing requisitions and purchasing and payables. I can't really compare the two. Simply sign up for GEP SMART free demo here. Procurement on the Move SMART by GEP’s mobile-native design allows you to source, procure, pay and manage all related processes on the go. GEP SMART offers thriving enterprises and large multinationals with a handy, intuitive, all-around source-to-pay platform that enables companies to make better, quicker purchasing decisions. SMART by GEP has also helped us with diversity spend management. With GEP SMART, you afford your business the benefit of streamlining and centralizing contract management. You may automate spend data management and generate reports as frequently as you want. We provide the most detailed information on pricing, benefits, and disadvantages of software that can make your choice easier. SMART by GEP® is a cloud-based, source-to-pay procurement software that delivers comprehensive spend, sourcing and procurement functionality in a single, unified platform native to cloud, mobile and touch technologies. SMART by GEP boasts that since it is a consolidated platform, the procure-to-pay tools are not standalone, but rather work together to streamline procurement from end-to-end. Understand spend quickly and easily. GEP SMART is an AI-powered, source-to-pay platform for direct and indirect procurement. GEP SMART also has an automated event-based and time-based alert system that enables smooth project management across all fronts. Helpful information is also located within the SMART by GEP tool. The software offers a system for managing line-by-line purchases and multi-way invoice matching features. Contracting. One thing that sets GEP SMART apart from its competitors is the comprehensibility of the solution. Implement cost-reduction programs through its strategic sourcing module. While it lacks extensive support across all devices as well as comprehensive cataloging capabilities, the software easily makes up for it through its robust data management module, various tools for automation and business insights, and advanced capabilities for deploying data and initiatives wherever you go. Unified Source-to-Pay Platform; Efficiently managing your spending and procurement is no easy feat. It features a savings opportunity finder that consolidates spend data and recommends savings opportunities to realign your business strategy. Streamline your sourcing events and achieve best-value agreements whenever you source. Sparing you the need to pay for a separate ERP solution, it comes with ERP integration, guided buying, procure to pay, invoicing and reporting, analytics and reporting, automation, and project management solutions designed for larger companies and multinationals. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay and accounts payable, among others. Purchases are also made more seamless through the solution’s user-friendly catalog. It cleanses and validates data by automatically aggregating and normalizing said data from various sources to give you quality spending analytics. Each stakeholder or department can track actual savings performance against set targets through its intuitive dashboards. Gain real-time visibility into your cost-savings initiatives and their impact. Users can easily create and approve requisitions for all kinds of spending. GEP SMART lets you monitor and track desired savings targets. Peruse prescriptive practices prior to picking prosp… https://t.co/cDHMV17CDr, We’re pleased to announce that Modine Manufacturing Company will integrate #GEP SMART™ #procurement #software with… https://t.co/6tRGY0x1ok, The #pandemic has hit patient enrolment for #ClinicalTrials in different therapeutic areas. Really easy to use product. Data from Zycus found that business adoption of procurement software stands for the following purposes: Contract authoring (50%), ePayables (47%), supplier performance management (46%), contract repository (45%), and supplier information management (43%). With an average classification accuracy of 95% or higher, the spend analysis software from SMART by GEP gives users clear information to use when looking at spending. Is there training information available? With it, you can seamlessly track all cost-reduction schemes, savings performance, as well as run validation and collaboration mechanisms for concerned departments and stakeholders from different geographic locations. SMART by GEP is a unified procurement platform that helps drive efficiency and performance for direct and indirect procurement designed to automate all source-to-pay processes. It comes with contract management capabilities, including risk management, performance and analytics, as well as automated updates and notifications to effectively track and manage multiple engagements, renewals, among others. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Reduce the time, effort and paper used to create, manage and monitor contracts. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. Here’s how… https://t.co/eTN5JuNoll, Get complimentary ungated access to the freshest thinking in #procurement and #SupplyChain, curated by world-class… https://t.co/dVL4lQR3CB, Deepak Bhasin, VP of #Technology at #GEP, explains how new tech like #AI, #automation and #blockchain can overhaul… https://t.co/k8LIALVIL2, Less than 24 hours to go, join #GEP at the Nordic Strategy Forum to discover unified solutions that help drive grow… https://t.co/VCwfBzUspX, "I wish I had this program while I was in high school,” said GEP’s Dan Kim about his involvement in… https://t.co/w1DHPetQXt, How did #procurement rise to the challenge of #COVID? As a spend analysis solution, GEP SMART is an effortless tool for strategic business insight. GEP SMART ticked all the boxes.”, “We believe GEP SMART is the right procurement platform for Chevron, aligned with our goal of improving the user experience for the procurement of goods and services across the company.”, “GEP offers a solution that enables us to significantly enhance our sourcing proposition. But some were able to do more than just keep the lights on. User Review of GEP SMART: 'We have multiple ERP/Accounting systems. What is SMART by GEP ? SMART by GEP is a fantastic tool that has a lot to offer, but it’s important to make sure you’re choosing the right Procurement software for your company and its unique needs. SMART by GEP is a tool used by procurement/ purchase people to release RFP & do bidding for different purchase contracts. GEP SMART (formerly SMART by GEP) is a cloud-based, AI-powered supply chain system built on Microsoft Azure. Move from line item to enterprise-wide view with a click. Apart from procurement tools, it also features smart sourcing that guides users in the entire source-to-pay lifecycle. Supplier page as seen on a GEP SMART dashboard. Digitally transform your end-to-end procurement operations with AI-powered, cloud-native, procurement software — GEP SMARTTM. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance … What are the lessons for the #NewNormal? #Innovate. A procurement software offers solutions for centralizing and automating your workflows, managing your portfolio, as well as facilitating efficient and robust data and information management. Contract Management FACT SHEET. SMART by GEP is a tool used by procurement/ purchase people to release RFP & do bidding for different purchase contracts.... Read Full Review. It gets suppliers onboard to ensure that they are in the project loop. This partnership will enable us to deliver efficiencies throughout the sourcing life cycle … and a better experience for suppliers and third parties.”, Share your thoughts, comments and suggestions, #GEP’s Biju Mohan was quoted in this incisive piece on #SupplyChain #reshoring by @SoumayaKeynes of @TheEconomist.… https://t.co/oRNpNnw9wj, Amid #lockdowns, travel restrictions and reduced demand for #oil and #fuel, the market for #hydrotreating (HT) cata… https://t.co/RoOwrm8tw4, Is your #procurement team keeping pace with the #digitalization that is redefining the function globally? While a comprehensive and full-suite solution all on its own, GEP SMART still has some work cut for it to address the limited support the comes with the product. GEP has designed this product to compete with SAP Ariba. It is suitable for larger corporations and leverages cutting-edge technologies like … You will have visibility into the response timeline and … Compare the best GEP SMART alternatives in 2020. DOWNLOAD. Currently, it only comes supported through the web and its native apps for Android and iOS. SMART by GEP is a procurement software that aims to reshape your end-to-end procurement operations. Smart by Gep - a wonderful sourcing tool for orgnizations with multiple ERP/Accounting platforms | TrustRadius. Choose a software that is well-rounded and offers capabilities for selecting and ordering, effective insights and reporting, purchase automation, billing, and collaboration features. Browse through these catalogs where you have a selection of punch-out or hosted goods which you can transfer directly to your shopping carts. You will have visibility into the response timeline and will be notified electronically once the evaluation period has closed. More importantly, the sourcing tools allow robust facilitation of quality renders. Will demand for #ethylene subside… https://t.co/jKwAQkskkD, After #COVID19 triggered a price crash, #OilAndGas companies are identifying assets for #divestment to #CutCosts an… https://t.co/v67DlnBgb7, You can’t fix what you can’t see. It helps break down silos through collaboration features that bridge the gap between supply and demand. You also get a quick-reference dashboard that lets you tap customizable tabular or graphical dashboards that give you supplier data, categories, spend volume, and other crucial business insight. It also comes with powerful and integrated reporting capabilities. It comes with a full suite of functionalities for streamlining workflows and centralizing business data. Sourcing analytics and insights are also the main highlights by GEP SMART. We have had approximately 500+ events over the last two years. You can receive nuanced data on trends and changes in supplier performance as well as sourcing initiatives. 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