GEP SMART Spend Analysis

The Spend Analysis platform in GEP SMART cleanses, validates, classifies, and reports spend data from all your source systems to provide accurate, actionable information, with granular, item-level visibility across the enterprise. GEP Spend Analysis enables organizations to manage each step of the spend cycle so that they can identify cost-saving opportunities, negotiate better contracts with suppliers and save costs, and optimize their procurement processes.

Powered by AI and machine learning (ML) capabilities, our software delivers accurate spend classifications and insights, allowing organizations to identify areas where they can reduce costs. The solution’s powerful algorithms self-correct and adapt to new data inputs, guaranteeing an up-to-date analysis that reflects the latest spending patterns.

Key features and capabilities:

• Auto Data Cleansing and Normalization

• Intelligent Savings and Opportunity Finders

• Customer-specific Taxonomy

• AI-powered Algorithms, Analytics and Alerts

• Souring & Taxonomy Agnostic

• Category-Specific Insights

• Seamless Report Creation

• Forecast Workbench