GEP Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

GEP Strengths, Domain Expertise, and Key Differentiators

GEP SOFTWARE delivers AI-powered digital procurement and supply chain platforms tailored to empower global enterprises to enhance their agility, resilience, competitiveness, and profitability. Through meticulously crafted interfaces and adaptable workflows, GEP offers users intuitive digital workspaces that drive exceptional levels of user adoption and substantial improvements in team and individual productivity. Leveraging machine learning, cognitive computing, advanced data and semantic technologies, IoT, mobile, and cloud technologies, GEP's products are engineered to embrace continuous technological advancements. Additionally, GEP's software seamlessly integrates with third-party and legacy systems, including SAP, Oracle, and all other major ERP and F&A software, ensuring swift and effortless implementation and operation.

GEP Recent Developments

In May 2023, GEP launched a suite of solutions within GEP SOFTWARE that uses OpenAI’s ChatGPT technology through Microsoft Azure OpenAI Service. This integration offers clients an intuitive interface to query data, automate processes and improve decision-making to optimize operations. Microsoft’s generative AI capabilities are incorporated into the GEP MINERVA™ suite of AI and machine learning (ML) engine enabling cross-organization data analytics and decision support.

In October 2023, GEP unveiled its groundbreaking AI-first, low-code platform for sustainable procurement and supply chains, known as GEP QUANTUM, during GEP INNOVATE 2023, its annual global user conference. GEP QUANTUM harnesses a comprehensive array of AI technologies, including generative AI, alongside advanced data management capabilities, while empowering non-technical users through a user-friendly no-code/low-code development framework. Serving as the foundational platform for its flagship software solutions, GEP SMART, GEP NEXXE, and GEP GREEN, GEP QUANTUM equips clients to leverage AI for enhancing efficiency, automation, agility, and visibility across all procurement, ESG, and supply chain functions, thereby maximizing ROI. Moreover, GEP's partners will gain access to GEP QUANTUM's low-code development studio for application development and its analytics for advanced data management functionalities.

GEP Mergers and Acquisitions (M&A) Activities

In March 2023, GEP made strategic acquisitions to bolster its procurement intelligence capabilities. The company acquired COSTDRIVERS, renowned for its supply markets forecasting, pricing trends, and cost-modeling platform. Additionally, GEP acquired Datamark Ltd., a leading procurement intelligence and data science firm headquartered in São Paulo, Brazil.

COSTDRIVERS boasts a global presence with over 200 enterprise clients across 40 countries. Its platform monitors more than 50,000 commodities and operating supplies worldwide, offering intuitive dashboards for price forecasts and customized alerts. Powered by proprietary algorithms and predictive analytics, COSTDRIVERS enhances decision-making with AI-enriched forecasting and scenario planning, backed by extensive historical cost data. In contrast, Datamark Ltd. specializes in serving the Brazilian market, focusing on procurement data related to consumer products, packaging, and industrial inputs. With Brazil ranking as the 12th largest economy globally, Datamark commands a substantial share, servicing over 25% of the country's top 1,000 companies.

In 2012, GEP acquired Enporion, a supply chain management provider of strategic sourcing and e-procurement applications for the electric and gas utilities, manufacturing and distribution industries.

GEP Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying GEP applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of GEP and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified GEP SMART, GEP NEXXE, GEP GREEN, GEP QUANTUM customers.

GEP Key Enterprise and Cloud Applications

GEP SMART, GEP NEXXE, GEP GREEN, GEP QUANTUM

GEP Revenues, $M:

GEP Revenue Breakdown By Type, $M:

GEP Enterprise Applications Revenues By Functional Markets, $M:

GEP Enterprise Applications Revenues By Verticals, $M:

GEP Revenues By Region, $M

GEP Direct vs Indirect sales

GEP Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified GEP Customers

No. of GEP Customers: 550

No. of GEP Enterprise Applications Customers: 550

No. of GEP Cloud Customers: 550

No. of GEP Cloud Subscribers: x

GEP is a global company operating from 21 offices and projects in over 100 countries. Our focus is on supply chain and procurement operations in the world’s largest and most complex enterprises. Our customers are typically Fortune 500/Global 2000 scale operations with revenues in excess of 1Bn USD annually. GEP's 550+ global customers include Honda, Dupont, Kellog's, Prudential, BrightHouse Financial, General Mills, Cinncinati Bell, Brooks Brothers, ExxonMobil, Chevron, Petronas, Biogen, Bayer, University of California, Bristol-Myers Squibb, Royal London, Macy's Inc., Chevron and others. Some of GEP's most recent customers are the Association of American Medical Colleges (AAMC), American Heart Association and others.

GEP Market Opportunities, M&A and Geo Expansions

GEP saw its business expand in every market in which it operates, but particularly in Europe, where revenues more than doubled. The year was also a watershed for GEP's cloud-based, unified source-to-pay procurement platform, GEP SMART, which saw its revenues increase more than 66%. GEP will be accelerating the verticalization of its solutions and delivery organizations to provide deeper, more industry-specific solutions, designed to address the distinct issues and harness the opportunities native to particular industries and segments.

Initially, GEP has rolled out six priority areas of industry focus, including Life Sciences & Pharma, Banking & Financial Services, Telecom & Technology, and Consumer Products & Retail; but Oil & Gas and Automotive & Industrial are first in focus and have already seen significant investment in the initial phases of a sustained development and business plan. GEP customers in the Oil & Gas sector include ExxonMobil, Chevron and Petronas, among other industry leaders. In the Automotive sector, customers include Honda, John Deere and Johnson Controls, among others.

GEP Risks and Challenges

Developing and maintaining AI-powered procurement software requires specialized skills and expertise in data science, machine learning, and software engineering. The shortage of skilled professionals in these fields can pose challenges in innovation, development, and support of the software.

GEP Ecosystem, Partners, Resellers and SI

With 26 offices and operations centers in Europe, Asia and the Americas, Clark, New Jersey-based GEP helps enterprises worldwide realize their strategic, operational and purchasing objectives.

GEP Cloud Infrastructure Insights

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• GEP Public Cloud and Infrastructure (IaaS)
• GEP Platform (PaaS)
• GEP Application Delivery
• GEP Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: