Product Overview of GEP SMART
GEP SMART is a unified, cloud-native source-to-pay (S2P) procurement software designed to integrate end-to-end procurement functionality for both direct and indirect spend management into a single, comprehensive platform. Developed by GEP Worldwide, a company founded in 1999, GEP SMART is tailored to meet the procurement needs of large enterprises and multinational corporations.
Key Features and Functionality
- Comprehensive Procurement Solution: GEP SMART unifies various procurement functions, eliminating the need for separate, stand-alone software modules. It includes tools for spend analysis, savings tracking, sourcing, contract management, supplier management, and procure-to-pay (P2P) processes.
- Spend Analysis and Savings Tracking: The software enables users to clean, validate, classify, and report on spend data from all sources. It also allows for planning discreet savings projects or cost-reduction programs.
- Sourcing and Contract Management: GEP SMART facilitates finding the right suppliers, authoring, aggregating, and collaborating on contracts. It also manages supplier information, relationships, and performance.
- Procure-to-Pay (P2P): The platform covers the entire order-to-invoice process and source-to-contract process, including item search, invoice matching, and payment authorization.
- Supplier Management: Suppliers can keep their records up to date, share important certification documents, respond to requests for information, accept and acknowledge purchase orders, and submit invoices. This ensures a seamless and collaborative relationship between suppliers and customers.
- Mobile Access and User Experience: GEP SMART features a mobile-native design, allowing users to manage all source-to-pay processes on the go, anytime and on any device. The platform is designed to be user-friendly, requiring no extensive training, and offers an intuitive interface that boosts adoption and compliance.
- Integration Capabilities: GEP SMART integrates directly with multiple Enterprise Resource Planning (ERP) systems such as SAP, Oracle, and JD Edwards, as well as other financial systems and Microsoft products like SharePoint and Office. This integration is backed by Microsoft Azure, ensuring robustness, scalability, and security.
- Data Analysis and Visualization: The software provides excellent data analysis and visualization capabilities, delivering decisive insights to procurement teams, sourcing managers, and other key stakeholders. This helps in making informed spend management decisions and driving enterprise-wide compliance.
- Workflow Automation: GEP SMART streamlines business process approvals and automates source-to-pay workflow processes, from creating requisitions to sourcing, managing purchase orders, processing invoices, and making payments. This speeds up procurement operations and enhances the strategic reach and impact of the procurement team.
In summary, GEP SMART is a powerful, unified procurement platform that offers a comprehensive set of tools and functionalities to streamline and automate the entire procurement process, making it an ideal solution for large enterprises and multinational corporations across various industries.