Case Study: a Fortune Global 500 utility solutions company achieves 12% procurement savings with GEP

Fortune Global 500 Utility Solutions Company achieves 12% procurement savings with GEP

The customer, a Fortune Global 500 utility solutions company, faced significant procurement challenges after a merger. It was struggling with siloed operations, inconsistent spend data, and lacked a plan to capture post-merger synergies. To consolidate operations and drive efficiency, the company partnered with vendor GEP for its source-to-pay (S2P) transformation services.

GEP implemented a standardized S2P operating model with a clear governance and implementation roadmap. This involved a thorough spend and contract analysis to pinpoint cost drivers and savings opportunities. The solution enabled the company to regain control and unlock substantial value, achieving 12% in annual procurement savings on addressable spend and delivering a 10X return on investment.