Seamless Source-to-Pay Process Flow
GEP SMART is a unified procurement platform. What it means is that strategy and planning, sourcing, contracting, and purchasing, don’t have to be carried out in different tools. Disjointed, disconnected and needing lots of manual inputs at each stage, conventional sourcing and procurement software requires a lot of heavy lifting. Now, that’s not how it should be.
When you’ve decided on a savings target and a strategy, you want to execute on that strategy by running your sourcing waves, taking the winning suppliers through the contract process and then buying from those suppliers according to the terms of the contract. GEP SMART lets you do just that with a unified source-to-pay process and integrated workflow.
Identify savings opportunities using GEP SMART’s spend analysis functions and then create saving projects from those opportunities. The sourcing events you need to run to achieve the savings are permanently connected to the projects and, as each sourcing event turns into an award, you can launch a contract directly from the award. Negotiate the contract terms and, at the point of signature, push it into a catalog in GEP SMART’s procure-to-pay function at the click of a button.
GET UP-TO-DATE, ACCURATE AND RELIABLE SUPPLIER INFORMATION WITH GEP SMART SUPPLIER MDM
GEP SMART 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.
GEP SMART ’s Supplier Master Data Management tool automatically aggregates, cleans and normalizes supplier data records. It then compares the supplier master data to GEP SMART 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.
GEP SMART ’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.