Does a long, inefficient source-to-settle cycle block a huge amount of your capital in accounts payable? You can now unlock this capital by using intuitive source-to-settle tools.
Move all activities tied to your business purchases – requisition, sourcing, RFx, auctions, generation of purchase orders, receipt and payment of invoices – to an electronic, source-to-settle platform. Seamless flow of data from multiple sources and automatic workflow approvals help to quickly process all documents related to sourcing, purchasing, invoicing, payment and settlement.
Key Benefits of GEP SMART Source-to-Settle Platform
Boost Efficiency
Automated generation and processing of documents such as purchase orders, receipts and invoices enhance process efficiency
Increase Adoption
Ease of use boosts adoption and compliance by ensuring more spend is routed through a centralized purchasing platform, simplifying processes, improving visibility and reducing unauthorized spending
Unlock Capital in Accounts Payable
Fast processing of invoices and timely settlement of payments free up valuable cash within accounts payable, improve cash flow, enhance supplier relationships and optimize financial operations
More Savings
Increase savings across the source-to-settle cycle by cutting transaction costs and streamlining payment. Reduce manual effort, improve operational efficiency and ensure faster, more accurate settlements
Improve Procurement-Finance Collaboration
Boost internal collaboration with a source-to-settle process that enhances communication, aligns priorities, reduces errors and enables smoother workflows, resulting in faster approvals and accurate payments
Better Supplier Relationships
Adopt a streamlined source-to-settle process. Faster approvals and payments and transparent communication build trust, enhance collaboration with suppliers and foster long-term, mutually beneficial partnerships
SEE WHAT YOU CAN DO
- Increased spend visibility: Consolidate all your spend data from multiple sources for real-time visibility and analysis
- Enhanced purchasing experience: Use intuitive tools to source goods or services from across the globe with a consumer-like buying experience
- Process automation: Automate all the downstream activities to reduce cycle time and eliminate paperwork and errors
- Advanced sourcing capabilities: Manage RFx, auctions and other sourcing events on an online collaborative platform
- Contract management: Reduce the time, effort and paper used to create, manage and monitor contracts
- More spend under management: Improve compliance and reduce maverick spend by automating and streamlining procurement, from sourcing to payment
GEP SMART in Action
$50B
in Spend 140 Countries
1000+
New Contracts Per Month
10000+
Vendors Across Multiple Countries
Top Rated by Real Users
4.4 rating
4.4 rating
4.4 rating
