- Superior customer ratings and functionality put GEP SMART™ procurement software in the top spot for the sixth consecutive Spend Matters® report
- GEP SOFTWARE™ outperformed all other solution providers in source-to-contract (S2C), direct material procurement, carbon management (CO2)
- Both large and medium-sized organizations rated GEP as the top two among 78 evaluated solution providers, across all 12 product categories
- Establishes GEP as an industry leader following the launch of its powerful AI-first, low-code procurement, supply chain and sustainability platform GEP QUANTUM
CLARK, NJ, March 5, 2024 /PRNewswire/ — GEP®a leading provider of AI-driven procurement and supply chain software and services for Fortune 500 and Global 2000 companies worldwide, announced that, for the sixth consecutive report, GEP SOFTWARE™ has earned top rankings in Spend Matters® Spring 2024 SolutionMap, the most detailed assessment of solution providers in the industry. GEP was evaluated against 78 other procurement software vendors and achieved the highest ratings by analyst and customer standards in 12 product categories.
GEP achieved the highest ranking across all market parties in Source-to-Pay (S2P), Procure-to-Pay (P2P) and Source-to-Contract (S2C) packages, as well as individual categories for AP Automation/Invoice -to- Pay, carbon optimization, spend and procurement analytics, supplier relationship and risk management, contract lifecycle management, e-procurement and procurement for large and medium-sized organizations.
View the Spend Matters Spring 2024 SolutionMap rankings here.
“We introduced GEP SMART™ to change the status quo and continue to set the standard, changing the way the world’s leading companies create more value from procurement,” he said Al Girardi, Chief Marketing Officer of GEP. “We’re even more excited about our future as, with the industry’s first AI-driven low-code platform built with AI from the ground up, we better enable our customers to identify supplier savings and risk and drive sustainable value chains.”
Spend Matters’ SolutionMap is the industry’s most data-driven procurement technology functionality assessment, SolutionMap Insider put these 79 procurement technology vendors through rigorous functionality and capability assessments via 500+ RFI requests across 12 source-to-pay (S2P) categories, with mandatory demonstrations and unbiased, anonymized customer ratings. It enables procurement managers to assess the level of integration between modules and product suites and overall interoperability with ERP and wider technologies, as well as the quality and effectiveness of advanced technologies, such as AI.
GEP SOFTWARE includes GEP SMART™, named the world’s best procurement software for the second year in a row, and GEP NEXXE™, a unified cloud-based next-generation supply chain platform. GEP SMART and GEP NEXXE powered by GEP QUANTUM™, the industry’s leading low-code AI platform for procurement, supply chains and sustainability. It enables clients to bring optimal efficiency, agility, visibility and actionable intelligence to all purchasing, procurement and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.
About the Spend Matters SolutionMap Ranking
Spend Matters believes that a good procurement technology selection takes into account the concrete capabilities of the solution to meet the needs of the company’s users and unbiased customer feedback. Its SolutionMap market ranking is freely available and has been published twice a year since 2017. SolutionMap is known as the industry’s most rigorous data-driven assessment of the functionality of procurement technologies, with more than 500 functional and platform components in the source-to-pay landscape to understand the level of integration and interoperability between product modules, packages, ERPs and wider technologies – as well as the quality and efficiency of advanced technologies such as AI. Procurement professionals can subscribe as Insider members to directly compare solution features/functions and user ratings on a case-by-case basis using data-driven applications and analyst assessments.
ABOUT GEP SOFTWARE
GEP SOFTWARE™ provides artificial intelligence-based digital procurement and supply chain platforms that help global businesses become more agile, resilient, competitive and profitable. With beautifully rendered interfaces and flexible workflows, GEP provides users with fresh, intuitive digital workspaces that drive extraordinary levels of user adoption and significant gains in team and personal productivity.
GEP products leverage machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies and are designed to incorporate continuous innovation in technology. GEP’s software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. With superior support and service, GEP leads the industry in customer satisfaction and loyalty.
A leader in multiple Gartner Magic Quadrants, GEP’s software and digital business cloud platforms consistently win awards and recognition from industry analysts, research firms and the media, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters. GEP SOFTWARE is a part Clark, NJGlobally headquartered GEP — a leading global provider of artificial intelligence-based procurement and supply chain software, strategies and managed services. For more information, visit www.gepsoftware.com.
Media contact
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
E-mail: [email protected]
SOURCE GEP
