Seamless Source-to-Pay Data Integration
Managing savings projects has traditionally been a spreadsheet exercise. How else can you collate all the data and analyze it all in one place?
To understand whether your strategic sourcing plan is on track for a category, you need to know what you have spent in this category in the past and with which suppliers. You’ll have to identify the potential savings opportunities. You’ll need to know which suppliers have been invited to which sourcing events, and how their offers stack up against your savings targets. Then determine whether the contracts you sign with your chosen suppliers are in line with your plan.
Not just that, you’ll have to verify if the ongoing purchases in this category are in compliance with the contracts you’ve negotiated. Then check any maverick spend that can be rationalized. You would also need visibility of which suppliers are adhering to the agreed terms and which ones need help to keep your project on track. With a different system handling each requirement, it’s no wonder that procurement professionals have been forced to gather and analyze all this information using spreadsheets.
Not anymore. SMART by GEP brings all that activity and intel into one place — on your desktop, laptop, tablet, or mobile phone. Your strategic sourcing events, contracts, suppliers, and purchase orders are all linked to your savings projects, and your dashboard can tell you — at a glance — how each project is performing. So what you’ll get are actionable insights, not just savings data. Now that’s a smart way to save.
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.