Procurement has transformed beyond mere cost savings to support top-line growth through strategic management and supplier innovation. Today, it elevates to a trusted business advisor role, enhancing agility and influence while still achieving traditional goals like cost reduction and delivery performance. Procurement must also build credibility and align with finance to meet business demands effectively.
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Drive Measurable Results
GEP SMART enhances procurement software capabilities with fully configurable approval workflows and unique data tracking. It supports seamless collaboration between procurement and finance teams. With its robust savings tracking and reporting features, GEP SMART provides comprehensive visibility via dashboards, ensuring effective management of all savings projects from initiation to realization.
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GEP SMART has impressive functionality that helps its users achieve rapid ROI.
PayStream Advisors
The GEP SMART Advantage
Validate Savings
Ensure savings positively impact the bottom line. GEP SMART streamlines collaboration with finance, providing full visibility for seamless approvals and tracking throughout the project
Align with Finance
Strengthen procurement-finance alignment with clear definitions of baseline spend and P&L impact, ensuring consistent approaches to cost reductions and incentives
Full Reporting
Simplify reporting between procurement and finance with a unified system that eliminates redundant processes and enhances savings validation
Synergy Tracking
Track the financial impact of M&A synergies in real time. GEP SMART enhances visibility and governance of integration benefits
Innovation Tracking
Set annual innovation targets, build pipelines and enforce governance to foster buyer-supplier collaboration and track real-time financial outcomes
Review and Approval
Streamline decision-making with customizable dashboards and role-based access, providing immediate insights for efficient approvals