Real-Time Procurement Savings Visibility
Knowing you can deliver greater savings in your category over the next two years is one thing. Actually realizing those savings requires focused effort, collaboration and careful management. But that’s not the end. Getting the realized savings validated and signed-off by the finance team is another thing altogether.
From concept to execution to realization, SMART by GEP provides full ongoing visibility of the performance of all your savings projects. Throughout the life of the project, you can define the milestones and waypoints at which you can report and receive validation of your realized savings. Tracking your results against plans, reporting to your stakeholders and achieving sign-off at each stage will help you deliver against your targets.
SMART by GEP offers complete savings visibility across all your procurement processes — from identifying savings opportunities, through negotiation and appointment of key suppliers, to purchasing and invoice management. So you can chart the course to savings and steer your project toward success, from beginning to end.
GET UP-TO-DATE, ACCURATE AND RELIABLE SUPPLIER INFORMATION WITH SMART BY GEP SUPPLIER MDM
SMART by GEP integrates seamlessly with existing enterprise systems — ERPs, SRMs or sourcing tools — to create new supplier records and update transactions. Supplier master data is validated and cleansed automatically while loading.
SMART by GEP’s Supplier Master Data Management tool automatically aggregates, cleans and normalizes supplier data records. It then compares the supplier master data to SMART by GEP's Vendor Master for verification and quality assurance.
Supplier MDM processes data in batch and real-time cadences. Real-time services execute at point of entry, record creation and updates. Batch services execute against existing supplier records during migration and initial integration.
Review actions taken by the Supplier MDM tool ensure enterprises have a single, trusted source of truth for all supplier data. Users can centrally govern master data using configurable business rules, enabled processes and workflows.
SMART by GEP’s vendor master acts as a trustworthy primary source for the master data records of every supplier in the enterprise. This ensures that the supplier risk and performance modules are consistently stocked with accurate vendor data.
Supplier MDM removes, duplicates and enriches records with verified updates, ensuring accurate and up-to-date data. It also provides holistic visibility into supplier history and performance across operating units, time, and geography.