Case Study

MAJOR BANK ACHIEVES COMPLETE VISIBILITY AND BOOSTS OPERATIONAL EFFICIENCY WITH GEP SMART

MAJOR BANK ACHIEVES COMPLETE VISIBILITY AND BOOSTS OPERATIONAL EFFICIENCY WITH GEP SMART

MAJOR BANK ACHIEVES COMPLETE VISIBILITY AND BOOSTS OPERATIONAL EFFICIENCY WITH GEP SMART

Pages 3 Pages

The Search for a Procurement Technology Solution Prior to the onset of this project, the client managed its spend based on centers and regions. However, with this approach, the client compromised on in-depth visibility into nationwide spend, which impacted its negotiation ability and vendor compliance. In addition, the client’s analytic processes were time-intensive, as they were driven by a rules-based engine that relied upon general ledger account mappings, organizational hierarchy and accounts payable data. Based on these factors, the client realized the need for tools that could facilitate enterprise-wide visibility while enhancing spend analysis capabilities and optimizing categorization. Following an extensive RFP process and multiple demonstration meetings with different ve

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