GEP NAMED MARKET LEADER IN SOURCING AND PROCUREMENT (S2P) SOFTWARE BY PROMINENT ANALYST, HFS HORIZONS USA - English USA - English
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~ In a recent report by HFS Horizons, GEP has been recognized as the Market Leader in sourcing and procurement service providers for 2024. The report evaluated the top 11 vendors of sourcing technology based on their capabilities, strategies, and customer feedback.

GEP, a leading provider of AI-driven procurement and supply chain software, strategy, and services to Fortune 500 and Global 2000 enterprises worldwide, was positioned as Market Leader due to its strong customer satisfaction, AI-powered functionality, global capabilities, innovation and growth.

The report specifically highlights GEP's core strengths as a one-stop-shop with end-to-end S2P consulting, managed services and technology offerings. Clients have praised GEP for its partnership approach that goes beyond the contract to add value across people, processes, and technology. Additionally, GEP's AI-driven low-code platform called GEP QUANTUM has been commended for its ability to combine procurement (GEP SMART™), sustainability (GEP GREEN), and supply chain (GEP NEXXE) to provide improved insights through advanced analytics.

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Santosh Nair, GEP's chief product officer expressed his excitement about the company's leadership positioning. He stated that it validates their investment in AI and low-code platform which provides clients with actionable intelligence to optimize their sourcing strategies, reduce costs, and mitigate risks. Nair also mentioned their recently launched Total Orchestration Solution which simplifies the intake process for users while providing visibility into next steps and sourcing recommendations through automated workflows.

The HFS Horizons: S2P Service Providers 2024 report is based on a thorough research methodology that examines the capabilities of service providers across the sourcing and procurement value chain. The report categorizes service providers into three horizons: Market Leaders, Enterprise Innovators, and Disruptors. It relies on various data sources such as briefings, surveys, and client interviews to obtain a well-rounded perspective on the service capabilities of participating organizations.

GEP's recognition as Market Leader in this report is a testament to their commitment to providing top-notch AI-driven procurement and supply chain solutions to their clients. With a strong focus on innovation and customer satisfaction, GEP continues to solidify its position as a leader in the industry.
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