- Cites GEP as the "one-stop-shop for S2P technology,
consulting, and managed services"
- Comes on the heels of receiving twin honors for Best
Procurement Consultancy and Procurement Technology Provider
at the World Procurement Awards
- Cements GEP as the preeminent provider combining AI-driven
procurement software and consulting
CLARK, N.J., July 11, 2024 /PRNewswire/ -- GEP, a leading
provider of AI-driven procurement and supply chain software,
strategy, and services to Fortune 500 and Global 2000 enterprises
worldwide, has been named Market Leader in the HFS
Horizons: Sourcing and Procurement Service Providers, 2024
report.
The HFS Horizons evaluated the top 11 vendors of sourcing
technology based on their capabilities, strategies, and customer
feedback. GEP was positioned as Market Leader because of its strong
customer satisfaction, AI-powered functionality, global
capabilities, innovation and growth.
Download the complimentary report here, which specifically
states GEP's core strengths as:
- One-stop-shop with end-to-end S2P consulting, managed services
and technology offerings.
- Clients laud GEP's partnership approach to go beyond the
contract and add value across people, processes, and
technology.
- Its AI-driven low-code platform, GEP QUANTUM, combines GEP
SMART™ (procurement), GEP GREEN
(sustainability), and GEP NEXXE (supply chain) to provide improved
insights with the help of advanced analytics.
- Strong growth in emerging geographies.
"This leadership positioning validates our investment in our AI
and low-code platform, providing our clients actionable
intelligence to optimize their sourcing strategies, reduce costs,
and mitigate risks," said Santosh
Nair, GEP's chief product officer. "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.."
The HFS Horizons: S2P Service Providers, 2024 Research
Methodology
HFS Horizons: S2P Service Providers, 2024It examines the 11
leading service providers' capabilities across the sourcing and
procurement (S2P) value chain, based on a range of dimensions to
understand the Why, What, How, and So What of their service
offerings. We categorized the service providers across 3 horizons:
Market Leaders, Enterprise Innovators, and Disruptors.Horizons
research report relies on myriad data sources to support our
methodology and help HFS obtain a well-rounded perspective on
service capabilities of the participating organizations, including
briefings, surveying and interviewing clients.
About GEP Software
GEP SOFTWARE provides AI-powered digital procurement and supply
chain platforms that help global enterprises become more agile,
resilient, competitive and profitable. With beautifully rendered
interfaces and flexible workflows, GEP provides users with fresh,
intuitive digital workspaces that yield extraordinary levels of
user adoption and meaningful gains in team and personal
productivity. GEP products capitalize on machine learning and
cognitive computing, advanced data and semantic
technologies, IoT, mobile and cloud technologies, and are
designed to incorporate continual innovations 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. And with superb support and service, GEP is an industry
leader in customer satisfaction and loyalty. A leader in multiple
Gartner Magic Quadrants, GEP's cloud-native software and digital
business platforms consistently win awards and recognition from
industry analysts, research firms and media outlets, including
Gartner, Forrester, IDC, Procurement Leaders and Spend Matters. GEP
SOFTWARE is part of Clark,
NJ-based GEP — the world's leading provider of AI-powered
procurement and supply chain software, strategy and managed
services. To learn more, visit www.gepsoftware.com.
Media Contact
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com
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