Case Study: a major North American company achieves 12% first-year savings with GEP SMART

Major North American Company - Customer Case Study

A major North American energy and utilities company with over $6 billion in annual revenue was facing a lack of spend visibility, which prevented proactive category and sourcing strategies. Under financial pressure to deliver savings, the company partnered with GEP to enhance its procurement process and drive savings across indirect categories.

GEP implemented its GEP SMART platform, an AI-powered procurement software, which integrated with the client's legacy systems to classify over a million line-items and deliver full spend visibility. This reduced data classification time from 45 days to 10 and enabled a more proactive sourcing approach. As a result, the company achieved a 12% savings on its addressable spend in the first year and built a stronger, more trusted relationship with its business stakeholders.