ISG names GEP a leader in procurement software platforms
Research firm ISG for the third consecutive year named GEP a leader in its ISG Provider Lens report on procurement software platforms and solutions.
ISG expects investment in procurement and software platforms by large and mid-market firms will grow between 20% and 30% annually, similar to its pace in 2021 and 2020. The research firm says such platforms form the foundation for digital transformation and business process outsourcing (BPO), providing critical uniformity in UX, data and APIs for ERP and other applications.
GEP, a Clark, NJ-based provider of supply chain software, consulting, and managed services, was named a leader in the large accounts and mid-market categories. Leaders in ISG’s classification have a comprehensive product and service offering, strong market presence, and established competitive position. They also have innovative strength and competitive stability.
Other leaders included SAP Ariba, Oracle, and Workday.
GEP was lauded for its complementary services portfolio, including related consulting, implementation, and managed services – providing a one-stop solution. The report noted the firm’s multi-platform, unified, and AI driven solution offering, which includes GEP Smart (procurement), GEP Nexxe (supply chain), Minerva (AI and ML engines), and Click (low-code integration layer).
GEP was also praised for advancing its direct materials category management, sourcing, and procurement capabilities – which represents an advantage for clients seeking to minimize business disruptions.
“GEP continues to provide a leadership example of procurement capabilities for midmarket firms through its software-plus-services portfolio, low-code/no-code application integration and configurability for non-IT users, and improving integration with SCM,” said report author Brian Guptill.
GEP was founded in 1999 and has 24 delivery centers in the US, the UK, India, China, Mexico, Singapore, Costa Rica, Brazil and the Czech Republic, and 10 support offices/ teams in the Americas, the UK, Europe, India, and China. Its services organization manages over $300 billion of total spend for procurement clients worldwide.
