GEP Strengths, Domain Expertise, and Key Differentiators
GEP provides customers with three key offerings – strategic consulting, software and managed services, with many companies looking to GEP for a hybrid solution comprising all three as part of an overall digital transformation program. Digital is at the heart of the GEP business, as it is for all modern enterprises, and the GEP Software platform is that on which many of the world’s best companies are building their next generation digital procurement and supply operations.
GEP SMART is a unified, AI-powered source-to-pay procurement software platform used by leading procurement organizations around the globe. As a leader in the field GEP is at the forefront of innovation in this space.
GEP NEXXE is an end to end supply chain platform providing role-based user experiences across supply chain including planning, collaboration, execution and visibility all running on a single data platform.
GEP NEXXE and GEP SMART combine to create the world’s only complete Source-to-Pay and Supply Chain Management solution. Customers can view real-time data and status updates at all stages across the enterprise supply chain ecosystem to gain new levels of command and control. GEP Software is focused on bridging the gaps between demand and supply, and between opportunity and value to make supply chains resilient, flexible and as efficient as possible.
The GEP Software platform not only provides users with role based view and visibility, but it is action-oriented software which allows a user to move seamlessly from insights to actions, drill down to the root causes of alerts or disruptions in the supply chain, enabling adjustments with recommended actions.
GEP is unique in providing not just a complete, unified supply chain and procurement platform but in having the consulting and service delivery expertise to provide the world’s most demanding companies a genuine solution.
GEP Recent Developments
In 2014 GEP released SMART by GEP® (subsequently rebranded GEP SMART), the industries first cloud-native unified source-to-pay platform. Since then, GEP have delivered innovative functionality and ground-breaking new capabilities to a global customer base via GEP SMART for procurement audiences and since 2019 via GEP NEXXE for Supply Chain audiences. GEP SMART and GEP NEXXE, together with GEP CLICK, the cloud integration platform, comprise the end-to-end software platform from GEP that delivers all procurement and supply functionality that companies need for digital transformation programs.
Powered by GEP MINERVA, GEP’s purpose-built AI engine, the GEP Software environment is at the leading edge of innovation in the space. GEP SMART includes Spend Analysis, Project Tracking, Sourcing, Auctions, Contract Lifecycle Management, Supplier Management, Catalog Management, Purchase-to-Pay, Invoice Management and AI-powered guided buying. The most recent functional additions to GEP SMART include Supplier Intelligence, Should-cost modelling, Vendor Master Data Management, Item MDM, Third-Party Risk Management, Category Workbench, Market Intelligence and since July 2020, AI-powered Accounts Payable (AP) automation with global tax compliance, OCR and many other powerful features. GEP SMART has been designed as a platform to address the market’s need for a cloud-native solution that leverages artificial intelligence and machine learning to improve and speed up procurement operations. GEP SMART enables multinational companies to deliver a superior user experience, drive efficiencies, optimize savings and lower costs.
GEP NEXXE provides Forecast Collaboration, Capacity Planning, Inventory and Warehousing, Logistics Planning and Visibility, Quality Management, Demand Sensing and Planning, SC Risk Management, BoM Management and SC Project Management. GEP NEXXE is a platform for innovation with new capabilities in development and being planned all the time. Overall the GEP Software environment is in constant development with new innovations being deployed rapidly in an ever changing market.
GEP Mergers and Acquisitions (M&A) Activities
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 customers.
Ownership: - x
Number of Employees: 5000
Key Verticals: Automotive, Banking and Financial Services, Communication, Consumer Packaged Goods, Higher Education, Federal Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Media, Oil and Gas, Professional Services, Retail,
GEP Key Enterprise and Cloud Applications
GEP Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
GEP Revenue Breakdown By Type, $M:
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GEP Enterprise Applications Revenues By Functional Markets, $M:
GEP Enterprise Applications Revenues By Verticals, $M:
GEP Revenues By Region, $M
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GEP Direct vs Indirect sales
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GEP Customers - Breakdown by Geo, Size, Vertical and Product
No. of GEP Customers: 450
No. of GEP Enterprise Applications Customers: 450
No. of GEP Cloud Customers: 450
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 450+ 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.
In January 2020, Brunei Shell Petroleum Company Sdn Bhd (BSP) has awarded a contract for GEP SMART®, the industry’s leading procurement software platform. Headquartered in Brunei, BSP is the latest market-leading organization to select GEP SMART. BSP will use the GEP SMART procurement software platform to manage complete source-to-pay across its subsidiary operations. This will include a full range of functions, such as spend analysis, savings tracking, sourcing, contract and supplier management, purchasing and invoice handling. And also CITGO Petroleum Corporation is the latest leading organization to select GEP SMART® to provide full sourcing, contract lifecycle management and supplier information management across its non-hydrocarbon procurement operations.
In March 2020, Cheniere Energy, Inc. (Cheniere) has selected GEP SMART™ procurement software, the industry’s leading cloud-native direct and indirect procurement software platform.
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 in 2018. 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 is in discussions with more than 25 additional companies in various parts of the auto manufacturing ecosystem.
GEP Risks and Challenges
GEP is a company that is fairly risk-resilient given the agile and flexible nature of our business model. In technology, our cloud-native, code-agnostic approach means that as the industry evolves and new technologies emerge, we are well-placed to adopt and adapt without a legacy of inertia due to an installed base of on-premise systems, or an architecture that relies heavily on certain base technologies. For example, we have adopted and deployed entirely new database, search, UX and other technologies and infrastructural components in recent times without any service interruption or significant change management impacts to our clients. GEP’s managed service and consulting business is permanently on the leading edge of business practices and as the world changes, we are typically at the forefront of helping our customers adapt.
That said, all technology-centred companies should be aware that disruptors are possible and even inevitable and new developments and innovations can change the paradigm very rapidly. This perhaps represents the greatest risk to GEP’s business, aside from the existential risks that all companies face in times of global uncertainty and pandemic. During 2020, GEP has grown significantly despite the global challenges and this is due largely to our agility and focus on the needs of our customers. In these times, our customers need us perhaps more than ever. Nevertheless, continued stellar growth is not a certainty and GEP’s leadership are cautious and careful in correctly managing expansion and investment at this time. In short, risk to GEP’s business is not nil, but we are in good standing, remain profitable and in demand.
GEP Ecosystem, Partners, Resellers and SI
With 21 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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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).
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