Case Study: a Fortune 500 European company boosts spend visibility and contract utilization with GEP SMART

Shipping Giant Boosts Spend Visibility And Contract Utilization With Gep Smarttm

A Fortune 500 European company in the shipping and energy sectors faced challenges with its legacy procurement system, including poor data accuracy, slow performance, and low contract visibility. They engaged GEP to implement the GEP SMART platform, seeking to improve spend analysis, standardize processes, and increase user adoption across its global operations.

GEP replaced the legacy system with GEP SMART, deploying it to over 900 users in more than 100 countries. The solution included migrating 20,000 contracts and integrating data from over 170 systems. As a result, the client achieved a spend analysis accuracy rate exceeding 90%, significantly improved contract visibility, and obtained much faster monthly data refreshes. GEP's implementation led to high user adoption and provided the company with a powerful, unified view of its global procurement.