Case Study: a leading U.S. electric and gas utility provider streamlines procurement and boosts productivity with GEP SMART

Leading Energy Company Streamlines Processes And Boosts Productivity With Gep Smart

A leading U.S. electric and gas utility provider was facing significant inefficiencies in its procurement operations. The challenges included a reliance on manual processes, a lack of automation, and poor visibility into spending and supplier performance. To address this, the company sought a technology solution that could integrate with its ERP system and selected GEP to implement its SMART procurement platform.

GEP deployed its SMART platform to automate key processes like procure-to-pay, sourcing, and contract management. The solution seamlessly integrated with the client's ERP, enabling real-time data exchange and allowing suppliers to process orders electronically. The results were highly impactful, with over 2000 suppliers onboarded, more than $500 million in purchase orders processed, and an average of 50 RFPs initiated monthly, leading to vastly improved process efficiency and productivity for the client.