SupplyChain Magazine June 2022 | Page 145

GEP Smart
Workday

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GEP Smart

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Workday

Workday provides finance , human resources and student / faculty lifecycle management cloud applications . Founded by PeopleSoft veterans Dave Duffield and Aneel Bhusri , the company claims its solution “ combines a lower cost of ownership with an innovative approach to enterprise applications ”. Following its 2019 purchase of Scout for US $ 540mn .
Workday has made further inroads into the Cloud procurement market , by supporting around 1,000 customers with features such as strategic sourcing , supplier engagement , and e-procurement . Before the purchase , Scout had 240 customers and Workday Procurement signed over 650 customers .
GEP Smart is a unified procurement software platform “ built for procurement professionals by procurement experts ”. It is designed to drive greater efficiency across direct and indirect procurement . It is also designed to streamline and automate S2P pay processes .
GEP SMART unifies upstream sourcing and downstream procurement operations into a single cloud-based platform , and has a powerful , complete set of capabilities to drive efficiency and performance . It provides solutions for : spend analysis , savings tracking , sourcing , contract management , supplier management and procureto-pay .
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