Case Study: a Fortune 500 energy company streamlines procurement and boosts productivity with GEP SMART

Fortune 500 Energy Company Streamlines Procurement and Boosts Productivity With GEP SMART

A Fortune 500 energy company sought a procurement technology solution to address its unsatisfactory home-grown system, which lacked robust supplier integration, sourcing, and reporting functionality. The company turned to GEP Nexxe and implemented the GEP SMART platform to automate its sourcing and supplier management while boosting visibility across the entire procurement process.

GEP Nexxe integrated the GEP SMART platform with the client’s existing system, establishing EDI and portal connections to exchange documents with suppliers. This solution enabled 800 suppliers and now processes an average of 26,000 orders and 41,000 invoices monthly, executing over 500,000 transactions amounting to $2 billion in spend. The implementation by GEP Nexxe successfully streamlined procurement operations and significantly boosted productivity.