Does a significant portion of your business capital get blocked in procure-to-pay? With GEP’s procurement operations outsourcing services, you can free up working capital and use it more efficiently.
GEP has vast experience providing procurement solutions and technology to several Fortune 500 and Global 2000 enterprises. We understand category-specific nuances impacting your procurement organization. We automate manual tasks, eliminate processing errors, enhance data quality, reduce transactional costs and optimize processes to deliver higher efficiencies and savings.
Outsource Operations, Insource Success
Leverage our deep process expertise, state-of-the-art automation and analytics technologies to get superior buying experience for end users and more value for your money. Partner with us to reduce overall transaction costs, improve working capital and get actionable insights from your data.
GEP processes more than 10 million purchasing transactions annually, across hundreds of categories. Be it requisitioning and governance, purchase order management or any other category-specific requirement, GEP’s procurement outsourcing services will help you cut down order processing cycle times and deliver an enhanced purchasing experience to your buyers.
Our trained resources are proficient in all procure-to-pay (P2P) processes and adept at working on any mainstream ERP, F&A or procurement system. They act as a scalable, high-quality alternative to your in-house transaction processing team, with far more attractive economics.
GEP has a highly effective ‘buying desk’ that specializes in extracting value from each purchase at the point of requisition. We deploy proven-effective tools and methodologies to balance cost savings and business criticality for every purchase. GEP SMART provides an effective, user-friendly platform to significantly reduce maverick spend and boost compliance reporting through the use of P-cards as well as online and punch-out catalogs.
GEP SMART is powered by patented, AI-based analytics and algorithms that automate data management and provide intelligent reporting on demand.
- Supplier master cleanup, including normalization of supplier name, deleting duplication, aligning master to product taxonomy and parent-child relationships
- Supplier master enrichment, including D&B, W9, minority and other third-party information
- Supplier enablement, driving controlled spend under management by aligning suppliers through supplier registration, catalog enablement and supplier portal management
- Supplier registration, including supplier segmentation, qualification and rationalization of the supplier base
- Supplier performance data management and analysis
- Supplier enablement services, including onboarding and enabling electronic invoicing
Item master and other master data management activities include:
- Taxonomy and specification development
- Item cleansing, duplication removal and classification
- Attribute extraction and standardization
- Short and long text generation
- Periodic incremental cleansing
GEP helps category managers drive greater value from contracts by streamlining contract management and improving compliance. Specific activities include:
- Contract repository management
- Contract digitization and uploading
- Meta-data entry
- Tracking of renewals and rebates
- Monitoring contract compliance
GEP SMART’s contract management tool simplifies and automates the entire contracting and contract administration process.
- Identifying catalog implementation opportunities across categories and suppliers
- Designing catalogs with appropriate taxonomy, attributes and workflow
- Implementing and integrating the catalog with ERP systems
- Receiving, updating and validating catalog content
- Catalog normalization, cleansing and establishing service schedules
- Resolving exceptions and working with suppliers to resolve issues
GEP SMART offers a comprehensive procure-to-pay functionality that automates catalog implementation and management.
Day-to-day P-card management activities including:
- Receiving, auditing, validating and consolidating P-card statements
- Analyzing P-card transaction data for sourcing opportunities
- User database, attributes and policy management
- Compliance reporting
GEP’s help desk services provide support to your requisitioners, buyers and suppliers, resolving purchase-related issues, assisting with e-procurement tools or answering any and all procurement-related queries. Our help desk team seamlessly integrates with your enterprise team and suppliers to ensure quick, effective routing and resolution of queries. We provide 24x7 support to all major world markets in more than 18 languages.
GEP’s help desk team comprises the most talented and highly trained professionals in the industry. Supported by a powerful set of cutting-edge technologies, such as state-of-the-art ticketing, tracking and knowledge management systems, GEP ensures that you get an unparalleled service experience.
