Why GEP is a Market Leader in Procurement

GEP, the procurement software specialist, is committed to providing users with intuitive digital workspaces that drive high levels of user adoption and productivity gains.

With a desire to help global enterprises become more agile, resilient, competitive and profitable, the company's AI-powered digital procurement and supply chain platforms are built to integrate seamlessly with third-party and legacy systems, such as SAP, Oracle and other major ERP and F&A software.

Products leverage machine learning, cognitive computing, advanced data and semantic technologies, IoT and mobile and cloud technologies. 

Committed to customer satisfaction

GEP’s commitment to customer satisfaction and loyalty is reflected in its recognition as a leader in multiple Gartner Magic Quadrants.

Its cloud-native software and digital business platforms have consistently received accolades from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters.

The firm's latest recognition saw it lauded as a market leader in the latest report from HFS Horizons examining Sourcing and Procurement Service Providers, reaffirming its position as a "one-stop-shop" for enterprise solutions.

GEP is also behind the monthly Global Volatility Index, a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses. 

The most recent index (July 2024) shows supply chains across the globe are getting busier, with their capacity becoming stretched. 

Based in New Jersey, GEP continues to lead the market in AI-powered procurement and supply chain software, strategy and managed services.

Leadership acknowledgment and future prospects

Celebrating the accolade from HFS Horizons, Santosh Nair, Chief Product Officer at GEP, comments: "This leadership positioning validates our investment in our AI and low-code platform, providing clients actionable intelligence to optimise their sourcing strategies, reduce costs and mitigate risks.

"We're even more excited about the future of applied AI transforming business — beginning with our just-launched Total Orchestration Solution, which provides users with a simple guided intake process and visibility into the next steps and sourcing recommendations, while automating workflows to dramatically improve procurement."

Why GEP is considered a market leader

Through its holistic approach to S2P services, GEP has received high praise from clients.

The company excels in offering end-to-end consulting, managed services and technology solutions that integrate seamlessly to drive value beyond contractual obligations.

Clients particularly highlight GEP’s partnership-oriented approach, which enhances processes, technology and people through their operations.

One of the key aspects of GEP's success is its AI-driven low-code platform, GEP QUANTUM, which synergises GEP SMART (procurement), GEP GREEN (sustainability) and GEP NEXXE (supply chain) to deliver enhanced insights through advanced analytics.

This integrated platform empowers enterprises to optimise their sourcing strategies, reduce costs and mitigate risks effectively.

The expansion of GEP into emerging geographies also demonstrates its commitment to growth and innovation on a global scale, catering to the diverse needs of Fortune 500 and Global 2000 enterprises.

HFS Horizons report evaluates sourcing giants

The HFS Horizons: S2P Service Providers 2024 report evaluates 11 leading service providers across the S2P value chain.

Analysis is grounded in a comprehensive methodology that includes briefings, client surveys and interviews.

Service providers are categorised into three horizons: market leaders, enterprise innovators and disruptors, providing a well-rounded perspective on their service capabilities.

Overall, the HFS Horizons report is a critical assessment tool that evaluates the top 100 vendors in sourcing technology based on their capabilities, strategies and customer feedback.

Methodology used in the report includes a multifaceted approach to understanding service providers’ strengths across various dimensions of the S2P value chain.

GEP was placed amongs the market leaders, which included Accenture, IBM, Infosys and WNS Procurement, cementing their reputation as procurement leaders. 

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