Case Study: a large oil & gas company transforms procurement with GEP SMART

Large Oil & Gas Company Transforms Procurement Operations with GEP SMART

A large oil and gas company faced challenges with outdated procurement processes, needing to enhance operational efficiency and reduce costs. The company struggled with managing a dispersed supplier base and required higher data accuracy. To address this, they turned to the vendor GEP for a solution.

GEP implemented its AI-powered unified platform, GEP SMART, to revamp the procurement system. This deployment met 85% of the project goals on the first day and achieved a 98% accuracy rate in data conversions. Furthermore, GEP helped integrate over 70% of the supplier base before the system launch, completing the project on time and within budget.