GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide and the Silver sponsor for ‘Delivering Green: Creating Sustainable Supply Chains’ Conference by The Logistics Point, announced that its GEP SMART™ Contract Lifecycle Management (CLM) , providing enterprise-wide contract management capabilities from initial request all the way through monitoring and analysis of performance, has been named ‘Leader’ by three highly regarded analysts assessments:
- SPARK Matrix™ Contract Lifecycle Management (CLM) Platforms, 2021
- SpendMatters SolutionMap Contract Lifecycle Management (CLM), Spring 2021
- IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Life-Cycle Management Applications 2021 Vendor Assessment
GEP SMART contract management software is tailor-made to manage a company’s vital business information, boost contract visibility and compliance, and mitigate supply chain risk. As both a contract repository and a collaborative, secure authoring and contract management workflow solution, it enables the complete management of contract documents throughout their entire life cycle to ensure companies never miss opportunities to drive greater value with their contracted suppliers and partners. Additionally, GEP SMART’s contract management software enables smarter and faster processes through labor-saving innovations such as automatic document creation and obligation tracking, touchless amendments, and AI-based contractual risk mitigation.
According to Akshaysingh Chandel, analyst at Quadrant Knowledge Solutions, “GEP SMART by GEP, an integrated AI-powered CLM platform, offers a complete contract management capability in a single source-to-pay digital environment. GEP SMART achieves remarkable sophistication in delivering scalability and supporting a diverse and complex range of industry-wide use cases. The platform uniquely enables buyers and suppliers to seamlessly collaborate and manage end-to-end contracts through a central repository across their business process.” Akshay further adds, “Driven by its comprehensive CLM capabilities, coupled with unique features including competitive guided contracts, AI-based automation & bulk action, extensible intelligent workflow engine, and strong customer value proposition, GEP is positioned as a technology leader in the 2021 SPARK Matrix of CLM market.”