GEP wins multiple accolades for procurement solutions
GEP, a supply chain software and consulting firm, has been recognized by research firms Everest Group and Quadrant Knowledge Solutions for its capabilities in procurement software and advisory.
The firm was for the ninth consecutive year named a “Star Performer” in the "Leaders" category of Everest Group’s 2021 Assessment of Procurement Outsourcing (PO) Providers, which evaluated 19 major services providers. Everest’s assessment leveraged a proprietary database of 1,600+ multi-process procurement outsourcing contracts to evaluate providers’ vision, capability, and market impact.
"GEP continues to strengthen its position as a Leader in the procurement outsourcing market, due to its deep expertise in strategic sourcing services, its category management capabilities across direct and indirect categories, and its continued investment in developing advanced technology capabilities," said Shirley Hung, partner, Everest Group.
GEP has continued to invest in its AI solution GEP Minerva, as well as GEP Smart – a cloud-native source-to-pay software product – and GEP Nexxe, an end-to-end supply chain platform.
The firm achieved one of the highest buyer satisfaction ratings in Everest’s assessment, as well as one of the highest year-over-year revenue growth rates.
Meanwhile, Quadrant Knowledge Solutions named GEP software as a leader in its assessment of Strategic Sourcing Applications for 2021.
"With its unified procurement platform GEP SMART™ and AI-powered, SaaS-based procurement and supply chain platform GEP NEXXE™, GEP offers a robust value proposition and delivers high scalability and extensibility to meet complex sourcing requirements," said Akshaysingh Chandel, analyst, Quadrant Knowledge Solutions.
According to the report, GEP Smart software differentiates itself with innovative AI-based sourcing, deep integration of sourcing with contracts and procure-to-pay, and extensive direct materials support.
GEP – which is headquartered in Clark, NJ and has more than 5,000 employees globally – was also lauded for its strong customer value proposition, proven record, and robust product strategy and roadmap.
