SHIPPING GIANT BOOSTS SPEND VISIBILITY AND CONTRACT UTILIZATION WITH GEP SMART TM The client, a Fortune 500 European company operating in the global trade, shipping and energy sectors, has a presence in more than 100 countries across the globe. It employs more than 90,000 and has annual revenues in the range of $50 billion. High Performance Requirements At the outset of the project, the client used a legacy in-house system and worked with multiple diverse taxonomies. However, due to a complex interface and slow performance, only about 50 percent of contracts existed in the client’s system. The legacy system delivered poor accuracy of spend classification, lacked group-wide standards, and the turnaround time for each refresh cycle was unacceptably long. Given the large volume of pro

Join for free to read