Case Study: Fortune 500 Energy Company achieves unified source-to-contract and improved supplier compliance with GEP SMART by GEP

Fortune 500 Energy Company Unifies Source-to-Contract, Improves Supplier Compliance with GEP SMART

A Fortune 500 energy company with more than $36 billion in annual revenue and about 12 million customers faced fragmented source-to-contract processes across 20 systems (including four ERPs) that hindered spend visibility, supplier vetting and regulatory compliance. The company sought a single procurement platform to consolidate processes, improve supplier selection and governance, and speed up reporting.

The company deployed GEP SMART’s cloud-native source-to-contract suite in under three months and integrated it with existing ERPs and databases. GEP cleansed and consolidated supplier data, onboarding about 13,000 suppliers and eliminating duplicate profiles, while users initiated roughly 4,500 RFPs and more than 1,000 users adopted the platform. The result: over $85 billion of spend classified and analyzed, faster enterprise reporting (hours instead of days), improved supplier compliance and centralized control of procurement.