Accounts payable (AP) has evolved from a transaction-focused process to a strategic function that optimizes working capital, drives savings and improves supplier relationships.
From invoice receipt to exception management and payment reconciliation, GEP’s AP outsourcing services streamline procure-to-pay operations, deliver bottom-line savings and create value by enhancing transparency and control and driving efficiencies.
Why Select GEP’s AP Services?
- Recognized leader in procure-to-pay outsourcing
- Expertise in major F&A, ERP and source-to-pay systems
- Top-tier service management tools and security infrastructure
- Cloud-based, unified source-to-pay software platform
- Advanced reporting, metrics and continuous improvement
We combine consulting, process design and transactional expertise with our procure-to-pay technology to unlock value.
Streamline Your Accounts Payable
GEP’s end-to-end AP services streamline your invoicing process and ensure accurate, timely payments, while freeing up your resources for more strategic initiatives.
GEP’s mailroom and invoice scanning services help you centralize receipt of all invoices — paper, fax or digital. All your invoices are converted into a digital format, using best-in-class imaging technology with unique reference codes. Free up your resources from time- and effort-intensive paperwork and data entry to help them focus on more strategic initiatives.
GEP’s automated invoice data capturing process using OCR technology ensures accurate invoice data extraction. All standard invoice data and other essential information is captured and uploaded to your ERP system. Multi-level quality checks ensure error-free data capturing and compliance.
Exceptions and errors in invoicing can delay payments to suppliers, block your working capital and result in loss of early payment discount opportunities. GEP identifies and manages invoice exceptions and works with your requestors/buyers and suppliers to resolve and expedite payments.
GEP provides payment processing solutions to help you make timely invoice payments by optimizing payment runs based on due dates and turnaround times as per your contract terms. Improve cash flow and drive additional savings for the business by capturing early payment discounts, using our innovative, cloud-based source-to-pay software platform — GEP SMARTTM.
Our experts analyze the invoices and vendor statements in scope to identify and validate any cost recovery opportunities, identify the root causes of discrepancies and help you reconcile and make financial recoveries. GEP delivers an action plan that optimizes your contracts and payment terms, improves your procure-to-pay process, increases compliance and prevents future leakage.
Key Capabilities
We’ve had a very successful sourcing partnership with GEP. They’ve helped supplement our procurement team with subject matter experts who worked closely with us to get us focused.
B. Braun
Corporate VP, Strategic Procurement
