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