2019-09-19T08:40:00Z
Julia Frohwein - PeerSpot reviewer
Senior Director of Delivery at PeerSpot (formerly IT Central Station)
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What do you like most about GEP SMART ?

Hi Everyone,

What do you like most about GEP SMART ?

Thanks for sharing your thoughts with the community!

10
PeerSpot user
10 Answers
DD
Director, Supply Chain / Design & Construction Technology at a hospitality company with 10,001+ employees
Real User
2019-12-25T08:21:00Z
Dec 25, 2019

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.

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KR
Associate Director, Sourcing and Contracts Technology at a non-tech company with 1,001-5,000 employees
Real User
2019-12-23T07:05:00Z
Dec 23, 2019

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.

CK
Sr. Manager, Procurement & Systems Support at a media company with 1,001-5,000 employees
Real User
2019-12-16T08:14:00Z
Dec 16, 2019

Spend gives us a way to put all of our spend in one area and use a category hierarchy to pull real-time spend data.

Sheila Bridge - PeerSpot reviewer
Senior Director at True Value
Real User
Leaderboard
2019-10-15T05:03:00Z
Oct 15, 2019

The one we use the most is the sourcing module... It's really easy to use. You don't have to train vendors. You can add a new vendor at any time, and that vendor will get an email saying, "You've been selected to participate in our RFP, and you do X to get your ID set up." That works really well.

DG
Senior Legal Specialist at a healthcare company with 10,001+ employees
Real User
Leaderboard
2019-10-07T11:43:00Z
Oct 7, 2019

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.

MG
Senior Manager at a outsourcing company with 10,001+ employees
Real User
Leaderboard
2019-10-07T11:43:00Z
Oct 7, 2019

Among the most valuable features are the ability to send out purchase orders, create catalogs, and accept invoices through procurement. And the reporting function is robust.

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LP
Executive Vice President, Head of Procurement at a media company with 1,001-5,000 employees
Real User
Leaderboard
2019-10-07T11:43:00Z
Oct 7, 2019

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.

BH
Procurement Analytics Manager at a manufacturing company with 10,001+ employees
Real User
Leaderboard
2019-10-06T16:39:00Z
Oct 6, 2019

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.

LB
Manager Strategy, Resource, and Supply Chain at a energy/utilities company with 1,001-5,000 employees
Real User
Leaderboard
2019-09-27T04:38:00Z
Sep 27, 2019

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.

PM
Contracts Administrator, Supply Management at a energy/utilities company with 501-1,000 employees
Real User
Leaderboard
2019-09-19T08:40:00Z
Sep 19, 2019

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.

Related Questions
Miriam Tover - PeerSpot reviewer
Service Delivery Manager at PeerSpot (formerly IT Central Station)
Jan 3, 2022
How do you or your organization use this solution? Please share with us so that your peers can learn from your experiences. Thank you!
2 out of 13 answers
PM
Contracts Administrator, Supply Management at a energy/utilities company with 501-1,000 employees
Sep 19, 2019
We use it in our supply management group for contract management and spend analytics. On our contract side, we're in v2.0. And on our spend side we're also in v2.0.
LB
Manager Strategy, Resource, and Supply Chain at a energy/utilities company with 1,001-5,000 employees
Sep 27, 2019
We use this tool in our supply chain department as our SRM tool. It interfaces to our business operating system, which is managed by SAP. The supplier module interfaces, through middleware called TIBCO, to our vendor master in SAP. The sourcing events primarily stay in GEP. The contracts module can be created and the workflow executed in GEP, and then it can create an SAP contract. Our purchase orders, requisitions, and work orders are all created in SAP and go to the cloud and the vendor through the portal in P2P. We have the spend module, the supplier module, sourcing, contract, and P2P. It is 100 percent in the cloud.
Julia Frohwein - PeerSpot reviewer
Senior Director of Delivery at PeerSpot (formerly IT Central Station)
Jan 3, 2022
Hi, We all know it's really hard to get good pricing and cost information. Please share what you can so you can help your peers.
2 out of 6 answers
PM
Contracts Administrator, Supply Management at a energy/utilities company with 501-1,000 employees
Sep 19, 2019
We pay an annual fee but I'm not sure how much it is.
BH
Procurement Analytics Manager at a manufacturing company with 10,001+ employees
Oct 6, 2019
The costs are all built-in.
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