Case Study: a U.K.-based financial services company achieves next-level procurement excellence with GEP SMART

a U.K.-based financial services company boosts annualized savings 8x with GEP

A major U.K.-based financial services company was seeking a high-performing digital procurement solution to gain spend visibility, manage risks, and optimize its supplier management. To address this challenge, the company partnered with vendor GEP to implement their GEP SMART platform.

GEP streamlined and automated the company's entire source-to-pay process using GEP SMART. By utilizing the platform's AI-powered spend analytics, the firm identified savings opportunities and created a 360-degree risk management framework. The results for the customer included an eight-fold increase in annualized savings over four years and hundreds of millions of dollars in spend processed annually through the GEP solution.