Case Study: a major U.S. financial services company streamlines contract management with GEP SMART

GEP SMART Helps Financial Services Company Streamline Contract Management

a major U.S. financial services company was challenged by its reliance on offline, paper-based contract records and a fragmented supplier management process. This hindered compliance and risk visibility. The company sought a technology solution to digitally transform these operations and integrate a supplier due diligence process. They partnered with vendor GEP and implemented their GEP SMART platform to address these challenges.

GEP deployed GEP SMART to create a centralized digital repository, automating the contract request process and migrating over 1,500 contracts. The solution also onboarded more than 1,000 suppliers following a risk assessment, unifying supplier and contract management. This provided the company with greater visibility and control, enabling maximum compliance, proactive risk management, and the ability to assess future opportunities.