SMART by GEP unified procurement platform automates discount management and empowers your accounts payable and finance team to significantly contribute toward enterprise savings goals.
The powerful procurement software combines the power of artificial intelligence and cloud-nativity to track complete supplier engagement cycles – from contract agreements and payment terms with dynamic discounting clauses to purchase orders and invoice due dates – and notify the accounts payable team about upcoming payment-driven savings opportunities.
The source-to-pay platform enhances enterprise-wide spend visibility and boosts transparency – providing the accounts payable and finance teams a clear view into outstanding obligations. With this information, enterprises can improve cash management and manage their working capital with greater accuracy and control. SMART by GEP gives enterprises the means to tactically use available cash on hand to maximize savings through early payment or spot discounts.
SMART by GEP facilitates a win-win scenario that improves buyer-supplier relationships – with the buyer getting discounts and the supplier receiving early payments. Buyers on the other hand can enforce pre-negotiated contracts and discount terms and capture higher discounts across targeted suppliers, spend, and invoices.