GEP: Unified Procurement Tool with Guaranteed Operational Benefits

Dr. Subhash Makhija, CEO & Co-founder
Procurement technology is evolving at a fast pace as enterprise organizations are transforming from tactical teams focused on cost reduction to strategic units that are adopting the latest technologies—making them future ready. “Most conventional tools and software across the procurement cycle diminishes the benefits of automation and limits collaboration between stakeholders,” remarks Dr. Subhash Makhija, CEO and Co-founder, GEP. For enterprises aspiring to boost process efficiency, GEP offers a single, unified cloud-based solution that streamlines and automates all procurement processes. Tasks like spend analysis, savings tracking, sourcing, contract management and Procure-to- Pay (P2P) are brought down to a sole integrated platform, allowing business stakeholders to collaborate efficiently and optimize savings opportunities.

GEP’s flagship solution, SMART is a cloud-based procurement software that delivers comprehensive spend, sourcing, and procurement functionality in a unified platform native to cloud, mobile, and touch. The integrated platform makes SMART the first ‘e-Procurement’ software with advanced, artificial intelligence based analytics and proprietary algorithms. “SMART gives you easy access to a rich, perpetually updated repository of field-tested, best-practice processes and workflows, checklists, scorecards, templates and tools for every situation or objective,” explains Makhija. SMART is platform agnostic and can be easily integrated into most back-end ERP systems like Oracle and SAP. Designed by procurement professionals, the tools within SMART, empower users rapidly, without the burden of extensive re-training, reducing the time taken for implementation. “Our procurement platform is designed for fast, economical deployment, with uninterrupted upgrades, reducing the risk of implementation snarls, cost overruns or technical glitches,” remarks Makhija.

SMART is a unique e-Procurement platform with supplier network support that helps businesses find and connect with the right suppliers, ensuring contract compliance. GEP provides clients with two prominent supplier networks along with financial performance and credit scores, sustainability and fair trade certifications of available suppliers in the network.
GEP Nexus is a rapidly growing supplier network, offering easy access to millions of qualified suppliers from across the world. The business network built by Hubwoo, integrated with SMART, lists more than a million suppliers, and also helps companies to collaborate with other businesses to enhance spend management for both goods and services in a comprehensive manner. “Supplier networks assist sourcing and procurement organizations to find the right supply partners for the products and services they need— anytime, anywhere,” says Makhija.


Our highly usable software provides a simple shopping cart experience by helping companies to optimize their spending through our success metrics


GEP’s solutions are successfully deployed in industries such as manufacturing, retail, food and beverages, and healthcare amongst others. A Salt Lake City-based bank operating 130 full-service offices and more than 150 ATMs across 10 states was facing acute discrepancies with their existing procurement software. By utilizing GEP’ SMART software, the client was able to streamline its P2P process, while meeting compliance by allowing auditors to perform audits using the integrated auditing tool present in SMART. GEP’s phased approach allowed the client to tailor the software to meet each specific business need. Currently more than $900,000 spend is being purchased through the tool.

GEP has been a leading provider of procurement services and technology to Fortune 500 and Global 2000 enterprises worldwide. “With a global technology development team comprising more than 1500 software engineers and procurement experts, GEP is uniquely positioned to develop software solutions designed by procurement experts for businesses,” concludes Makhija.

Company
GEP

Headquarters
Clark, NJ

Management
Dr. Subhash Makhija, CEO & Co-founder

Description
Delivering practical, effective solutions that enable procurement leaders to maximize their impact on business operations, strategy and financial performance