GEP SMART vs Oracle E-Business Suite iProcurement comparison

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2,073 views|530 comparisons
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1,111 views|943 comparisons
100% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between GEP SMART and Oracle E-Business Suite iProcurement based on real PeerSpot user reviews.

Find out what your peers are saying about SAP, Oracle, GEP Worldwide and others in Procurement Software.
To learn more, read our detailed Oracle E-Business Suite iProcurement vs. SAP Ariba Procurement Report (Updated: March 2024).
769,630 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"I love it because everything is done within the contract module. The previous tool that we had really acted more as a repository, whereas this is the lifecycle. Once a business owner gets to the point where they want to enter into a contractual relationship with a party, from that point, including the drafting of it through to the signature on it, it covers the lifecycle. It's from the beginning to the end to even the archiving. It's all done within the tool, including e-signature.""On the spend side, it's integrated with our accounting system and has bimonthly uploads of data. So we have pretty current spend information that we can access and build reports on.""There are additional time savings in managing communications. If you have an open RFP and there are questions, you can manage all of the questions and answers in the thread inside that RFP. All the suppliers will get any notifications that you want them to get, and everything is within the body of the RFP so you don't have to worry about things in email, outside of the system.""We operate with three different systems that input data. The fact that GEP consolidates all that information into one place is a big deal for us. It streamlines that data for us.""The biggest selling point for us was having the contracts repository centralized for both systems. People are able to search for a contract. Typically, before they go out to bid or engage with a supplier, procurement folks come into GEP SMART and they search for a contract and check to see if there is an existing contract in place.""One of the most valuable features is the opportunity-identification through the spend analytics. Another is around the RFX options to benchmark various pre-qualified vendors that are invited to participate.""The spend module is really amazing and lightning-fast. It can give even the most novice of analysts access to the information needed and the ability to tweak it the way they want to see it. It has a lot of flexibility.""SMART has been helpful for sourcing and public bids. For regulatory purposes, our university posts bids, depending on the scope of the bid. We get a lot of value out of SMART's ability to post to a public site and have suppliers see that information, register in the tool, and participate."

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"It is a scalable solution.""It is a scalable product."

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Cons
"We definitely have some asks for enhancements. One of the big ones we'd like to see is what we call "drag-and-drop." If I have an email that I want to maintain in the SMART record for whatever reason — for example, it has supporting information in it — I would love to be able to just drop that into the notes and attachments section without having to save it as a PDF and then upload it.""Very recently, they implemented a customer success team to manage our expectations and communicate them to their technical team. That function is relatively new and some work needs to be done to build that connection so that it's a little more seamless.""We didn't like their dashboard initially, but they responded to that very well. They've given us some customizable dashboards and have also made it so that the dashboards can be exported into PDF and other formats, so that we can share them with the rest of the company... That was a weakness at the beginning, but one that they have responded to adequately and we're really pleased with the result.""The manuals, especially the ones for the suppliers, are currently available only in English. If these can also be translated into different languages, that would be excellent.""Their contracts module is kind of clunky and It took a while for them to correct some of the basic functionality, some of the "Contract Management 101" functions, but it seems to be coming around. It wasn't working the way we'd expected.""We had a lot of challenges and disagreements with SMART. It's been a long road, for sure, on the contract side. There is a little bit of pushback on their part when we need stuff done. Things aren't done very efficiently. I'm still waiting on some changes that were requested well over a year-and-a-half ago.""I want to see continued investment in analytics and reporting.""There are certain things within the contracts module — how to upload the line items, for example — that could be done to make that utility a little more user-friendly, a little more like the sourcing module."

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"The interface lags a bit since it is a heavy application.""There could be a mobile application for the product."

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Pricing and Cost Advice
  • "My advice is to think wisely when it comes to estimating the number of licenses that you will require. If you settle on a number too early and you need additional ones, then the extra licenses might be quite expensive."
  • "If our organization could use it as a full-fledged solution, then it would be valuable and give a return on investment. However, since we are not currently using it as a full-fledged solution, even facing some bugs and problems with the synchronization with some of the internal software, we are not able to use it in a full-fledged manner."
  • More GEP SMART Pricing and Cost Advice →

  • "The product is more expensive than one of its competitors."
  • "The product is somewhat expensive. Only large organizations can handle such an application."
  • More Oracle E-Business Suite iProcurement Pricing and Cost Advice →

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    Top Answer:The product is somewhat expensive. Only large organizations can handle such an application.
    Top Answer:The interface lags a bit since it is a heavy application. If the product is made lightweight, it can be much faster. The product needs to be made more user-friendly. I think that on the main page of… more »
    Ranking
    4th
    Views
    2,073
    Comparisons
    530
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    3rd
    Views
    1,111
    Comparisons
    943
    Reviews
    2
    Average Words per Review
    326
    Rating
    8.5
    Comparisons
    Also Known As
    SMART by GEP
    E-Business Suite iProcurement
    Learn More
    Overview

    GEP SMART is an AI-powered, cloud-native

    software for direct and indirect procurement
    that offers comprehensive source-to-pay
    functionality in one user-friendly platform,
    inclusive of spend analysis, sourcing, contract
    management, supplier management,
    procure-to-pay, savings project management
    and savings tracking, invoicing and other
    related functionalities.

    Oracle iProcurement is the self-service requisitioning application that controls employee spending. Oracle iProcurement provides a Web-based shopping system that allows employees to create, manage, and track their own orders while the Purchasing department retains central control. This helps to ensure that policies and preferred pricing agreements are reflected in every transaction. Easy ordering and seamless workflow provide better service, while non-sourced or off-catalog spending gets the attention it needs from buying professionals.
    Sample Customers
    Exxon Chevron Macys
    Portobello S.A., Gulf Air, Dubai Holding LLC, Grupo Aerom_xico SAB de CV, Flexera Software, Imperial College London, Byblos Bank SAL, Y-Telecom, Cyprus Telecommunications Authority, Trombini Embalagens S.A.
    Top Industries
    REVIEWERS
    Energy/Utilities Company20%
    Non Tech Company13%
    Media Company13%
    Retailer13%
    VISITORS READING REVIEWS
    Educational Organization66%
    Energy/Utilities Company7%
    Financial Services Firm5%
    Manufacturing Company4%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Financial Services Firm10%
    Manufacturing Company10%
    Healthcare Company9%
    Company Size
    REVIEWERS
    Midsize Enterprise13%
    Large Enterprise88%
    VISITORS READING REVIEWS
    Small Business6%
    Midsize Enterprise69%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise10%
    Large Enterprise73%

    GEP SMART is ranked 4th in Procurement Software while Oracle E-Business Suite iProcurement is ranked 3rd in Procurement Software with 2 reviews. GEP SMART is rated 8.4, while Oracle E-Business Suite iProcurement is rated 8.6. The top reviewer of GEP SMART writes "Provides us with more frequent, fresh spend data and alerts us about contract renewals". On the other hand, the top reviewer of Oracle E-Business Suite iProcurement writes "Provides users ease in the management of procurement-related area". GEP SMART is most compared with SAP Ariba Procurement, Zycus Source to Pay Suite and Coupa Procure, whereas Oracle E-Business Suite iProcurement is most compared with Oracle Procurement Cloud, SAP Ariba Procurement, PeopleSoft eProcurement and Coupa Procure.

    See our list of best Procurement Software vendors.

    We monitor all Procurement Software reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.