GEP,supply chain software won world's most prestigious award for procurement software

AI-powered, cloud-native, source-to-pay platform — GEP SMART™ — takes procurement's pinnacle honor, again

- Cited for fine use of AI, huge statistics analytics, and superior manner automation

- Follows on heels of being named Leader in Gartner's 2020 Magic Quadrant for Procure-to-Pay Suites

- GEP's consulting offerings additionally short-listed for Procurement Consultancy Project Award

CLARK, N.J.,  GEP, a main issuer of furnish chain software program and offerings to Fortune five hundred and Global 2000 businesses worldwide, introduced that it has received the world's most prestigious award for procurement software: Best Procurement Technology Award, at the 14th Annual World Procurement Awards in London.

 

This is the 2nd 12 months in a row that GEP's cloud-native, AI-powered unified source-to-pay answer has taken the industry's pinnacle honors for procurement software, organising GEP SMART as the gold general for world businesses remodeling procurement and provide chain operations.

Explaining why GEP SMART gained for the 2nd straight year, Procurement Leaders' uncommon panel of judges stated: "In short, GEP SMART is a one-stop science platform that is altering the way many procurement agencies operate. GEP SMART is used by way of some of the largest companies in the world, with the product unifying all procurement activities, disposing of duplication, maximizing visibility and optimizing results."

"We brought GEP SMART to upend the repute quo, which used to be led with the aid of bureaucratic legacy companies that required staggering, multi-year investments, trapping pissed off agencies in failed deployments in perpetuity," stated Al Girardi, GEP's chief advertising and marketing officer. "Our clients are amongst the very first-rate performance- and result-driven businesses in the world, and they pick GEP SMART due to the fact they are searching for a marked jump in digital innovation, affect and value. Today, GEP SMART is used in a hundred and twenty international locations and units the standard, remodeling how the world's main businesses create increased cost from their direct and oblique spend."

"We're even extra excited about the future of GEP SMART. We're persevering with to make investments closely in synthetic intelligence, large facts analytics, IoT and superior system automation to allow international groups to navigate world grant chain disruptions, and mitigate provider threat to dramatically enhance their monetary results," delivered Girardi.

Not solely did the judges supply GEP SMART the very best rating in the Technology category, they additionally ranked it amongst the absolute best in the whole Procurement Leaders Award program. The judges especially cited that GEP SMART:

Is the contemporary chief with robust plans in area to continue to be ahead of the rest, in particular with its fast enhancements in AI and massive information analytics
Is an excellent, modern platform with predictive purchasing
Releases businesses' core procurement feature to focal point on method and rising issues
Demonstrates the use of new applied sciences and transformative procurement approaches
Provides top proof from world-class groups about how it modified their lives and added in multi-fold benefits with a large vary of equipment in direct and oblique procurement
To study extra about why GEP won, go to https://www.gep.com/software/gep-smart. The World Procurement Awards, hosted via Procurement Leaders in London, is an annual match that brings together greater than 1,000 senior procurement executives from throughout the world to mark and have a good time excellence in procurement. GEP, which offers strategic consulting and managed offerings in addition to transformative procurement and furnish chain solutions, was once additionally named a finalist in Best Procurement Consultancy. In addition to triumphing the 2019 Best Procurement Technology Award, GEP used to be additionally named Best P2P Specialist Provider at the World Procurement Awards in 2018.

This award comes on the heels of GEP SMART being diagnosed as a Leader in the Gartner Magic Quadrant™ for Procure-to-Pay Suites. GEP is regularly diagnosed with the aid of pinnacle enterprise leaders and analysts for its cloud-native procurement and furnish chain software, including, most recently, as a Leader in the Spend Matters SolutionMap Rankings throughout the complete Source-to-Pay domain. GEP has additionally been ranked a Leader in the Gartner Magic Quadrant™ for Strategic Sourcing Application Suites, IDC MarketScape file for Cloud Procurement Software, and the Forrester Wave™ file for eProcurement Software. GEP has additionally acquired pinnacle honors from Ardent Partners, PayStream, and Quadrant Solutions.