A Procurement Software Platforms Leader — 4 Years Running
EP SOFTWARE™ leads the way in the ISG Provider Lens™ Procurement Software Platforms 2024 report for four years running.
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How Embedded Payments and Finance Solutions Can Benefit Procurement Organizations
April 04, 2024 | Accounts Payable
Discover how to make procurement and supplier payments more efficient and cost-effective through embedded payments. Explore GEP and Mastercard's virtual card solution for payments.
How CPOs Can Unlock Financial Potential With a Tech-Forward Approach
The “year of efficiency” that began in Big Technology last year has spread like wildfire to all other industries and CFOs are looking to their counterparts in procurement to deliver this year.
For the CPO, this means driving efficiencies across the source-to-pay (S2P) process and maximizing financial gains while improving overall performance. The clearest, most direct way to achieve these goals is to take a tech-forward approach to operations, including sourcing, supplier management, invoicing and B2B payments.
5 Ways to Unlock Data-Driven Innovation in Procurement and Supply Chain
March 28, 2024 | Procurement Software
Making the most of data is essential if enterprises are to thrive in today’s environment. But the power of data goes beyond just plain numbers and analytics. For enterprises to truly stay ahead of the curve, they have to take full advantage of data-driven innovation.
Particularly for supply chain and procurement leaders, the data available at their fingertips can be a goldmine, offering unprecedented opportunities to optimize efficiency, mitigate risks and enhance decision-making capabilities.
There is, however, a caveat.
Turning Procurement Software Into a Solution: 3 Secrets to Effective Execution
March 22, 2024 | Procurement Software
Procurement leaders are embracing technology to revolutionize their function, with visions of streamlined processes, data-driven insights and cost savings dancing through their heads.
Yet, translating that vision into reality hinges on one critical factor: execution.
Execution is about more than deployment; it’s about how you drive your customer’s success.
This blog explores three pillars of effective execution that ensure your procurement transformation project delivers lasting value.
Contract Management in Procurement: Maximizing Value and Minimizing Risk
March 22, 2024 | Contract Management
Creating a contract agreement with a vendor and implementing the contract are two different things. This is the hard reality many enterprises have realized.
Contracts are hard fought and negotiated, created, filed and, sadly many a times, forgotten. This means that all the hard work done by procurement in negotiating favorable contract pricing and terms with vendors goes to waste.
The New Era of ERP and Advanced Supply Chain Management
March 11, 2024 | Supply Chain Software
Delivering products and services to customers efficiently and cost-effectively remains the primary mission of procurement and supply chain leaders, even as they navigate an unpredictable economy, severe weather, geopolitical conflicts and supply chain challenges.
But these objectives can be achieved thanks to leaders finding advanced technologies that fuel digital supply chain transformation and modernization.
Spend Matters 2024
In Spend Matters' most recent assessment, GEP Software has achieved the top scores in 12 essential categories in the Spend Matters Spring 2024 SolutionMap. Go through this report to know about the assessment in detail.
An Essential Guide to eSourcing Software
March 05, 2024 | Procurement Software
As procurement and sourcing professionals constantly seek innovative tools to enhance their operations, esourcing software, a pivotal technology reshaping how companies evaluate, select, and collaborate with suppliers can prove to be a major advantage.
This technology has become more crucial than ever, with the procurement landscape constantly evolving due to supply chain hurdles, the push for digitalization and the complexities of managing diverse spending categories.
How to Choose the Right Supplier Management Solution for Your Business
March 04, 2024 | Supplier Management Technology
Supply chains are becoming increasingly complex and interconnected, and disruptions have started to emerge from unexpected quarters, highlighting the need for resilience in supply chain management.
For enterprises, this underscores the importance of effectively managing their suppliers to mitigate risks and maintaining continuity of operations.
The importance of supplier management cannot be overstated.
