Case Study: a global financial services firm transforms procure-to-pay operations with GEP SMART

Global Financial Services Firm Transforms Procure-to-Pay Operations with GEP SMART

A global financial services firm sought to transform its procurement function after being weighed down by highly manual processes that left little time for strategic activities. With limited spend visibility and a goal to manage costs more effectively in a competitive market, the firm partnered with GEP Nexxe, selecting its GEP SMART procure-to-pay (P2P) platform to automate operations and improve supplier management.

GEP Nexxe deployed its AI-powered, cloud-native GEP SMART platform across the client’s global business units, seamlessly integrating it with existing ERP systems. The implementation delivered transformative results, including 99% spend visibility and 95% spend classification accuracy, enabling the management of over $5 billion in spend. The solution automated workflows, integrated a database of thousands of suppliers, and provided advanced reporting tools that empowered data-driven decision-making across the procurement organization.