Case Study: a large diversified U.S. utility company achieves 42% savings with GEP Nexxe

Savings, Tracking & Contract Compliance

A large U.S. based utility services provider was facing increasing costs and stagnant revenue. The company engaged vendor GEP Nexxe to identify savings leakage within its procure-to-pay process.

GEP Nexxe implemented its consulting and technology-based methodology to analyze the client's spending. The solution involved comparing actual payments to contractual pricing, which revealed that the client was overpaying in 50% of transactions by an average of 12%. GEP also identified missed discount opportunities. Ultimately, this process enabled the client to identify significant savings of 42% and resolve the root causes of its procurement inefficiencies.