How GEP & OpusCapita Will Automate & Streamline Procurement
GEP, a leading provider of AI-driven procurement and supply chain software, consulting, and services to Fortune 500 and Global 2000 enterprises, announced the acquisition of OpusCapita, a leading provider of e-invoicing and procurement solutions based in Helsinki, Finland.
This new partnership will combine GEP’s industry-leading procurement and supply chain software with the foremost e-invoicing and accounts payable automation solutions, and expand GEP’s global operations across the Nordic countries.
A relentless focus on fostering top-tier talent
“OpusCapita is a kindred spirit with a proven track record of strong organic growth, tenured customers, a relentless focus on fostering top-tier talent and investing in AI-driven procurement software and services,” says Subhash Makhija, CEO and co-founder, GEP.
“OpusCapita is a perfect fit for GEP and vice versa, because it unites the foremost e-invoicing and AP automation solutions in the Nordic region with GEP SMART, the industry’s leading AI-driven global procurement and supply chain platform, and combines deep regional expertise and relationships into a robust customer base of global enterprises.”
OpusCapita joins GEP
OpusCapita, which was founded in 1985, is at the forefront of e-invoicing, accounts payable automation and supply chain document management, supporting 600 clients with a team of 220 employees in offices across the Nordics, continental Europe, and Pittsburgh, US.
Like GEP, which introduced the industry’s first AI-native, low-code platform, GEP QUANTUM, for its flagship software solutions, GEP SMART (procurement), GEP NEXXE (supply chain), and GEP GREEN (sustainability).
OpusCapita recently launched its ground-up remade SaaS platform with AI and low-code. OpusCapita will operate as a stand-alone subsidiary of GEP, leveraging GEP’s scale, global presence, broader product portfolio, and deeper R&D capabilities to drive growth.
Automating and streamlining procurement
“We are coming together with OpusCapita to further our mission to apply AI and low-code solutions to automate and streamline procurement, enabling companies to make a marked leap in impact and value,” adds Santosh Nair, chief product officer, GEP.
“We’re excited about our shared future, and to introduce OpusCapita customers to our solutions, which help the world’s best companies create greater value from their spend."
GEP acquired OpusCapita from PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth, who purchased a majority stake in OpusCapita in 2019.
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