Knowledge Bank

GEP SMART Helps Financial Services Company Streamline Contract Management

GEP SMART Helps Financial Services Company Streamline Contract Management

Fragmented paper-based records and contracts were hampering a leading financial services company’s efforts to gain greater visibility over its procurement operations. The company decided to digitally transform its contract management process to simplify and automate the process and make it more efficient.

Deploying GEP SMART allowed the company to enhance compliance and gain better control over its contracts and suppliers. Over 1,500 contracts were digitized and migrated to GEP SMART’s centralized digital repository. Furthermore, over 1,000 suppliers were onboarded to GEP SMART, which allowed the company to better capture risk and improve supplier visibility.

Read more to find how GEP SMART helped the company manage risks better while finding new opportunities for growth.