Value beyond "just" cost savings. That's what the C-suite is increasingly demanding from its procurement function. And while digital procurement tools and emerging technologies bring it well within reach, actually acquiring mission-critical capabilities requires a strong ally: the IT department.
The IDC MarketScape: Worldwide SaaS and Cloud-Enabled Supplier Relationship Management Applications 2018 Vendor Assessment evaluates leading procurement software vendors and their technology offerings. The report highlights the key factors for procurement technology buyers to consider while selecting an advanced supplier relationship management application.
The report names GEP a Leader in SRM software for its cloud-native, unified source-to-pay platform — GEP SMART.
In this insightful new report, procurement experts discuss the real objectives that S2P accomplishes for the organization: getting away from the mundane and tedious aspects of procurement and sourcing decisions, and focusing instead on the strategic needs of the business.
The IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications 2018 Vendor Assessment provides a comprehensive evaluation of the leading SaaS and cloud-enabled procure-to-pay (P2P) solutions providers.
The IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2018 Vendor Assessment evaluates more than a dozen procurement software providers and their procurement technology offering. GEP is named a Leader in the IDC MarketScape for its cloud-native, unified source-to-pay platform – GEP SMART.
GEP SMART is the industry’s leading cloud-native, unified source-to-pay platform. It provides complete source-to-pay functionality in a single, unified and visually stunning platform.
In many enterprises, the Purchasing and Accounts Payable (AP) departments often work in silos, with each pursuing its own business objectives. But there are significant operational and financial benefits to be gained from a stronger union of these functions. By treating the teams as two unique but complementary parts of one whole, enterprises can optimize spend, reduce costs, and improve their bottom line.
So the question is: What’s the best way to integrate Purchasing and AP? For starters ― a procure-to-pay automation platform.
Artificial intelligence technology is finding new applications in almost every business function and process — and procurement isn't far behind. Cognitive technologies such as machine learning, natural language processing (NLP) and advanced algorithms are helping procurement pros enhance their capabilities and deliver greater value to the enterprise.
What do these innovative technologies mean for your procurement team and where do you start?
In the earlier days of the internet, people used to say they were “going online.” Today, people are outnumbered by billions of objects and devices that are connected to the web.
For today’s CPOs and procurement leaders, building an agile, high-performing procurement organization — that can deliver on the rapidly evolving business expectations — is a key priority. And increasingly, technology is not just enabling this transformation for procurement, but driving it.
The Solution Impact AnalysisTM report by Ardent Partners serves as a guide for procurement leaders to understand the real impact of procurement technology on the function, and on the enterprise.
“GEP has done something we don’t suspect any others coming from a services background could pull off successfully – and at scale. GEP is not like any other firm we’ve covered in the procurement solutions market.”
- Jason Busch, founder and head of strategy, Spend Matters
