GEP Named Technology Leader in Quadrant Knowledge Solutions’ Spark Matrix for Procure-to-Pay, 2021

  • Recognizes GEP SOFTWARE for its AI-based platform enabling organizations to automate and optimize the entire procurement process

Clark, N.J., Oct. 21, 2021 — GEP, a leading provider of procurement and supply chain software and services to Fortune 500 and Global 2000 enterprises worldwide, announced today that Quadrant Knowledge Solutions has named GEP a leader in its Quadrant Knowledge Solutions' SPARK Matrix for Procure-to-Pay (P2P), 2021.

According to Akshaysingh Chandel, analyst, Quadrant Knowledge Solutions, “GEP’s sophisticated AI-driven P2P solution automates and optimizes the entire procurement process from requisition to approval and mitigates off-contract, maverick buying, resulting in reduced cycle times.”

GEP SMART™ provides enterprises with the leading AI-powered, cloud-native, source-to-pay (S2P) platform — encompassing spend analytics, sourcing, category management, contract management, supplier and risk management, procure-to-pay, invoice management, and savings project management — unifying procurement operations to drive compliance and savings.

Chandel further adds, “GEP’s key technology differentiators, including a single source-to-pay digital environment, AI-based OCR, guided shopping, queue management, global invoice compliance, budget-to-pay, as well as robust technology architecture, deliver a strong customer ownership experience. The company’s robust AI-capabilities offered through GEP MINERVA™, ability to support industry-specific and user-specific customized solutions across SMBs to large enterprises, unified user experience, powerful and automated software with real-time interaction, compliance and governance, robust technology microservices architecture, compelling product strategy and roadmap, and comprehensive functional capabilities have received strong ratings across the parameters of technology excellence and customer impact.”

The report highlighted GEP SOFTWARE’s strengths as:

  • Offering a complete procure-to-pay solution that facilitates managing purchase orders, process invoices and disbursements.
  • Automates and optimizes the entire procurement process from requisition to approval and mitigates off-contract, maverick buying, resulting in reduced cycle times.
  • Offers comprehensive and native P2P capabilities, such as requisition and purchasing, user-friendly catalogs, trackable purchase orders, collaboration, invoice management, dynamic discounting, comprehensive workflow, budget-to-pay, and more.
  • Streamlines processes such as automated matching and exception handling, supplier collaboration and relationship management, invoice payment, and reporting to enhance the entire purchasing experience.

Download a complimentary copy of the report here, which provides a detailed analysis of global P2P market dynamics, major trends, vendor landscape, and competitive positioning.

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with strategic business and growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client's business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit https://quadrant-solutions.com/market-research/

About GEP SOFTWARE

GEP SOFTWARE™ provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable.

With beautifully rendered interfaces and flexible workflows, GEP® provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity.

GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology.

GEP’s software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty.

A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders, and Spend Matters.

GEP SOFTWARE is part of Clark, NJ-based GEP — the world’s leading provider of procurement and supply chain strategy, software and managed services. To learn more, visit www.gepsoftware.com.

Media Contacts

Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevy@gep.com