Case Study: Fortune Global 500 Oil & Gas Company achieves optimized spend and cost savings with GEP

How a Fortune Global 500 Oil & Gas Company Optimized Costs With GEP SOFTWARE

A Fortune Global 500 oil and gas major with over $45 billion in revenue and nearly 50,000 employees was hampered by fragmented procurement: 12 disparate systems, manual processes, data silos and limited visibility into spend, contracts and pricing. The company sought a unified, digital platform to standardize processes across the Asia‑Pacific region, improve spend visibility and enable accurate cost estimation for better strategic sourcing and supplier negotiations.

GEP deployed GEP SOFTWARE to consolidate systems, digitize 6,000+ contracts, build ~85 interfaces, and cleanse and standardize master data, while rolling out AI‑based should‑cost modeling (250+ O&G models) and parametric cost estimation. The platform now serves 22,000 users and 10,000 suppliers (with >90% of priority suppliers onboarded), has processed over $90 billion in spend, and delivered faster, more accurate cost estimates, higher savings, improved contract compliance and streamlined supplier management.