GEP Recognized as a Leader in Source-to-Contract Services

Investment Rating - The report positions GEP as a Leader in the Source-to-Contract (S2C) Services PEAK Matrix® Assessment 2024 [8][29]. Core Insights - The Procurement Outsourcing (PO) industry is focused on cost reduction while enhancing digital maturity to drive savings and improve operational efficiency [2][3]. - Service providers are increasingly incorporating AI, including generative AI, into their solutions to enhance efficiencies and stakeholder collaboration [3][4]. - The landscape of PO providers includes a variety of specialists and broad-based providers, with 24 providers assessed in the report [4][5]. Summary by Sections S2C Services PEAK Matrix® Characteristics - Leaders include Accenture, Genpact, GEP, IBM, Infosys, and WNS Procurement, demonstrating strong capabilities in large-scale sourcing support [7]. - Major Contenders have shown significant growth in the S2C market and are investing in partnerships and category management capabilities [7]. - Aspirants are typically limited in their ability to support clients at scale in strategic upstream processes [7]. GEP Profile - GEP offers a comprehensive suite of digital-based Procurement-as-a-Service offerings, managing over US$450 billion in spend for external clients [11][12]. - The company has launched GEP Quantum, an AI-powered platform, and expanded its delivery center in Coimbatore, India [17][18]. - GEP's client portfolio includes major firms across various industries, highlighting its strong market presence [18][19]. Technology Solutions - GEP's technology solutions, such as GEP SMART™ and GEP NEXXE™, leverage AI and cloud-native architecture to enhance procurement processes [23][24]. - The platforms provide comprehensive coverage of all spend categories and integrate advanced analytics for improved decision-making [23][24]. Strengths and Limitations - GEP's strengths include deep domain expertise, strong strategic sourcing capabilities, and a robust digital ecosystem [30][31]. - Limitations noted include a lower scale of operations in downstream procurement compared to peers and a focus solely on procurement and supply chain [33].