|By PR Newswire||
|November 29, 2016 04:50 PM EST|
CLARK, N.J., Nov. 29, 2016 /PRNewswire/ -- GEP, a leading provider of procurement software and procurement services to Fortune 500 and Global 2000 enterprises worldwide, announced today that the 2016 Procure-to-Pay Navigator Report, published by PayStream, gives top scores to SMART by GEP®, the cloud-native source-to-pay procurement software platform, for critical functions in the procure-to-pay operation.
The report gives the maximum score to SMART by GEP for Supplier Information and Performance Management and Goods Receipt and Reconciliation. SMART by GEP also performed well across the full gamut of functionalities and was ranked in the top three for overall solution functionality and innovation.
Commenting on the findings, Dhananjay Nagalkar, vice president of technology at GEP, said: "For us and for many of our customers, procure-to-pay is about far more than the purchase order to invoice cycle. It is in fact part of a larger, end-to-end process. This understanding has helped us deliver industry-leading P2P functionality and performance within a seamlessly unified, very powerful S2P platform."
SMART by GEP's unified source-to-pay procurement software platform is native to cloud, touch and mobile technologies. Offered as a SaaS/PaaS solution, SMART by GEP leverages cloud economics to deliver a solution that easily handles the heaviest throughput and processing requirements of GEP's Fortune 500 and Global 2000 clients, while eliminating burdensome infrastructure and support costs.
SMART by GEP is easy to set up, deploy and use, with no extensive training required. All GEP products are platform-agnostic (they work with SAP, Oracle or any other major ERP or F&A system). And with superb support and service, GEP is an industry leader in customer satisfaction.
SMART by GEP provides complete source-to-pay functionality in one user-friendly, cloud-native platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities. The award-winning, SaaS-based S2P platform is native to touch and mobile technologies, enabling users to work anywhere, any time on any device.
GEP is a diverse, creative team of people passionate about procurement. We invest ourselves entirely in our client's success, creating strong collaborative relationships that deliver extraordinary value year after year. We deliver practical, effective procurement services and procurement technology that enable procurement leaders to maximize their impact on business operations, strategy and financial performance.
Honored as Best Supplier at the EPIC Procurement Excellence Awards, GEP regularly wins accolades as both a provider of innovative procurement technology and a broad range of procurement services. Among its recent distinctions, GEP has been named Leader and Star Performer in Everest Group's Peak Matrix of Procurement Services Providers, Leader in NelsonHall's NEAT Matrix of Global Procurement BPO Service Providers, Winner in the HfS Blueprint Report on Procurement Outsourcing Providers, as well as one of Spend Matters 50 Companies to Know and to the Supply & Demand Chain Executive 100.
Clark, NJ-based GEP has 12 offices and operations centers in Europe, Asia and the Americas.
For more about SMART by GEP, our cloud-native sourcing and procurement software platform, please visit www.smartbygep.com.To learn more about our comprehensive range of consulting and outsourcing services, please visit www.gep.com.
Global Vice President, Marketing & Analyst Relations
Email: [email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/smart-by-gep-achieves-maximum-scores-for-key-procure-to-pay-p2p-functionalities-in-new-paystream-navigator-report-300370034.html
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