Comprehensive spend analysis delivers detailed, real-time visibility into purchase data, providing the insights essential for effective strategic sourcing programs.
GEP SMART™ is an AI-driven procurement software that cleanses, validates, classifies and reports spend data from all source systems. It offers actionable information with item-level visibility across the enterprise, helping you understand your spend — what, who, where, and whether you're getting your money’s worth.
Best-in-Class Spend Platform
GEP SMART is a major step forward from basic spend analysis platforms. As a cloud-native, unified source-to-pay suite, it provides spend visibility, in-depth analytics, business intelligence, and opportunity identification. Its spend analysis capabilities enable procurement teams to set spend thresholds with real-time alerts, access advanced analytics, integrate data from critical systems, manage spend and savings projects, and log in from any device.
What Do Your Spend Numbers Really Say?
Get detailed insights into your spend data and make informed, strategic decisions using advanced GEP SMART spend analytics tools.
Source Agnostic
Automatically maps data headers from multiple input file formats across any ERP, F&A or procurement systems to speed up data cleansing and classification.
Auto Data Cleansing and Validation
GEP SMART automatically aggregates, cleanses and normalizes spend data from different sources for accurate and insightful spend analytics.
Artificial Intelligence
Powerful, proprietary algorithms drive a learning system that self-corrects, delivering incredible accuracy and nuanced insights into your organization's spend data.
Taxonomy Agnostic
You can use one preferred or multiple taxonomy standards, including industry-specific UNSPSC, SIC codes, and enterprise-specific taxonomies as required.
Quick-Reference Dashboards
Customizable graphical and tabular dashboards accelerate uptake, with detailed drilldowns for supplier analysis, categories, regions and spend volume.
Savings Opportunity Finder
GEP SMART's built-in AI scans through your spend data to identify potential savings opportunities based on your sourcing strategy.
We work with a number of suppliers with payment terms that vary with company and business unit. GEP SMART’s spend analysis tool has helped us normalize our payment terms across the supply base and drive a lot of value and savings.
Ron Dreher
Manager, eSourcing, Masco Corporation
See What You Can Do
- Customize rich, multi-dimensional reports by supplier, business unit, price variance and more
- Get detailed supplier information with optional third-party enrichment for easy vendor classification
- Analyze spend across global locations with built-in language and currency support
- Create, export and mail reports, charts, graphs and data extracts in any format
- Get up-to-the-minute market intelligence and real-world inputs from GEP's strategic sourcing and category experts
- Automatic correction of supplier information with parent/child linkages for supplier normalization
1000+
New Contracts Per Month
$50B
In Spend Managed In 140 Countries
10000+
Vendors Across Multiple Countries
Why GEP SMART
Spend analysis is a key feature of GEP SMART e-procurement software, designed to transform strategic sourcing and category management. It uncovers savings opportunities, reduces maverick buying, and cuts costs — all while integrating real-time market insights from GEP's strategic sourcing and consulting service GEP SMART’s spend analytics system continuously learns and improves, leveraging AI and proprietary algorithms to refine its output.
Top Rated by Real Users
4.4 rating
4.4 rating
4.4 rating
Frequently Asked Questions
While most spend analysis tools can only utilize data from one ERP or AP system, GEP SMART is capable of gathering spend data from multiple source systems and presenting it as a single data set. The data is enriched using thorough cleansing, classification and validation processes, thereby improving its accuracy and enterprise-level spend visibility. Not only does this make it easy for enterprises to find key suppliers, evaluate pricing trends, and identify savings opportunities, it helps identify non-contractual spend and reduce maverick or off-contract purchasing.
GEP SMART’s spend analysis capabilities are not exclusive to any one specific taxonomy; customers can select one favored or multiple taxonomy standards, including industry-specific UNSPSC, SIC codes, or any enterprise-specific taxonomy.
Yes — GEP SMART has multilingual capabilities encompassing every major European and Asian language. This means that data from all sources — in any language or currency — can be included to generate complete global spend visibility.
Yes. GEP SMART enables 360-degree, enterprise-wide spend visibility for stakeholders across every business unit or location. This boosts transparency and promotes cross-functional collaboration.
The implementation time for the spend analysis function varies based on the volume and complexity of the raw data as well as the number of source systems.
Yes — you don’t have to subscribe to the entire platform. But you also don’t have to limit yourself to single-function, “best of breed” applications such as those found in on-premises software. As your business grows, you can grow your GEP SMART capabilities and incorporate additional functions of this unified, source-to-pay procurement platform.
The spend analysis tool provides 360-degree visibility into enterprise-wide spend. There are three reporting options: 1) intuitive customer-specified dashboards that give immediate insight into spend patterns; 2) detailed, pre-defined reports that can be produced according to a schedule or on demand; and 3) an in-depth spend reporting tool that provides for ad-hoc, deep-dive reporting across all aspects of organizational spend.
As frequently as you see fit. You can choose to automate spend data management, and pull up ad-hoc reports and analyze the data as often as you wish. Analysis is largely dependent on the frequency of your refresh cycles. To learn more about the optimal spend data refresh cycles for your enterprise, please contact us.
Yes. You can provide your data to us “as-is”. GEP SMART spend analysis software has built-in capabilities for cleansing, consolidation and validation of the raw data. With each data refresh, the cleansing, classification and validation process happens faster as our AI-based system “learns” your data.
No. Users are designated as either “Power” or “Business” users. Power users can create and publish ad-hoc reports, and business users have viewing rights for reports and dashboards. Your subscription includes a defined number of power users and unlimited business users.
The spend cube presents reviewed spend data as a multidimensional cube. Normally, the reviewed dimensions comprise: sub-categories or variants purchased across the enterprise; stakeholders or departments buying the category; and comparative spend for different suppliers.
