Leading banking, financial services, and insurance (BFSI) companies face challenges like stringent regulations, shifting consumer behavior, and competitive pressures. To stay ahead, they must reduce costs, manage risks, and embrace digital transformation. By leveraging cutting-edge technologies and innovative strategies, BFSI enterprises can unlock new opportunities for efficiency and growth. GEP helps these organizations streamline procurement and supply chain operations, driving innovation, improving customer experiences, and boosting return on investment.
Financial Services Enterprises Count on GEP to Achieve Results
360°
Process visibility for Hellenic Bank
400
Suppliers onboarded for a leading financial institution
8X
Increase in annualized savings over 4 years for financial services company
"We selected GEP SMART … and we delivered P2P in seven months. The outcomes speak for themselves. Four-fold increase in savings … and a 50% reduction in the time it takes for us to process work."
Richard Powell
Director of Procurement and Supply Chain, Prudential
Driving Transformation and Efficiency Across the BFSI Sector
GEP partners with BFSI companies to address challenges like cost management and digital transformation. Our innovative solutions and proven track record deliver long-term value and sustainable growth.
Our Approach
GEP partners with BFSI companies to tackle their most pressing challenges, from reducing costs to managing risks and navigating an evolving market landscape. With a proven track record in procurement consulting and supply chain consulting services, GEP leverages advanced technologies and industry expertise to deliver measurable results and long-term value.
We focus on:
- Enhancing Operational Efficiency: Streamlining procurement and supply chain processes to reduce costs and improve performance.
- Improving Spend Visibility: Providing actionable insights through robust data analysis to optimize spend management and supplier performance management.
- Driving Innovation: Leveraging digital transformation to unlock new opportunities, accelerate growth, and adapt to evolving market demands.
- Managing Risk: Addressing supply chain and third-party risks to ensure business continuity and resilience.
- Delivering Tailored Strategies: Developing customized solutions that align with each organization’s unique priorities and goals.
Our Solutions
GEP provides comprehensive, tailored solutions to help BFSI companies overcome industry challenges. Our approach focuses on improving efficiency, managing risks, and driving innovation through advanced digital transformation and strategic sourcing.
- Strategic cost management and savings tracking
- Supplier risk and third-party management
- Digital procurement and supply chain solutions (GEP SMART™ and GEP NEXXE™)
- Automation and process outsourcing for the BFSI sector
- Category management for spend optimization
Our Track Record
GEP has a proven history of accelerating procurement processes, optimizing claims management, and improving overall efficiency for BFSI companies, delivering measurable value and significant cost savings for leading global organizations.
- Implemented GEP SMART™ for a leading global bank, significantly speeding up procurement processes.
- Helped an insurance provider optimize sourcing and streamline claims management.
- Delivered improved procurement efficiency for a financial services firm through GEP’s end-to-end solutions.
Tailored Solutions Across Banking, Financial Services, and Insurance
In the post-reform environment, banks need to move from analysis to action. GEP helps banks meet regulatory and market expectations by driving growth, optimizing return on equity, and improving procurement processes. With expertise in centralizing fragmented operations and focusing on critical business processes, GEP helps banks achieve savings targets and improve supply chain efficiency.
The financial services industry is facing rapid changes, including increased compliance and data security requirements. GEP helps financial institutions stay agile and competitive by enhancing procurement efficiency, augmenting supplier relationship management, and accelerating the development of new, customized products. Our cloud-native software solutions are designed to enable quick adaptation to changing market demands, while ensuring regulatory compliance.
The global insurance industry faces both challenges and opportunities as new technologies such as robotic process automation (RPA) disrupt traditional operations. GEP helps insurance companies navigate automation in underwriting, claims management, and other critical areas of the value chain. By improving operational efficiencies, enhancing spend visibility, and driving better data management, we help insurers maintain competitiveness and improve profitability.
We can help insurance companies achieve business process efficiencies through strategic sourcing, increased visibility into spend data and outsourcing components of the procure-to-pay process. We can also streamline processes, raise service levels, meet quality standards, and reduce costs
Industry Insights
GEP Spend Category Outlook Report 2025
How BFSI Companies in Europe Can Supercharge Third-Party Risk Management
The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment
How M&As Offer the Perfect Opportunity To Improve ESG Performance
