Case Study: a Fortune 500 energy company improves supplier compliance with GEP SMART

Fortune 500 Energy Company manages $85 billion in spend with GEP

The customer, a Fortune 500 energy company, faced a significant challenge due to its fragmented procurement processes. With source-to-contract activities split across 20 different systems, the company suffered from poor spend visibility and limited control over supplier selection and compliance, particularly with U.S. regulations. To address this, they sought a unified procurement platform and partnered with vendor GEP, implementing the GEP SMART solution.

The solution from GEP provided a single, unified platform for procurement. Using GEP SMART, the energy company was able to classify and analyze over $85 billion in spend, onboard approximately 13,000 suppliers, and create a one-stop portal for all supplier engagements. This implementation successfully improved supplier compliance and gave the organization much greater control and efficiency in its source-to-contract activities.