Case Study: a premier financial services company streamlines procure-to-pay with GEP SMART

Financial Services Company Streamlines Procure-to-Pay Processes with GEP- Smart

A premier financial services company with approximately $60 billion in assets was struggling with a lack of visibility and control over its procure-to-pay (P2P) processes. This led to disparate buying across its many branches and hampered its ability to meet audit requirements through spend reporting. To address this, they sought a solution that could integrate with their existing Oracle ERP and partnered with GEP Nexxe to implement the GEP SMART platform.

GEP Nexxe implemented its unified GEP SMART platform, configuring it for the client's specific approval, tax, and reporting needs and achieving seamless integration with their Oracle ERP. The solution automated the P2P process for over 20,000 users and 40,000 suppliers, managing more than $650 million in annual spend. This deployment provided the client with complete visibility, enhanced data quality, robust reporting for audits, and the successful implementation of a global approval and authorization policy.