- Topsoe goes live with GEP SOFTWARE source-to-contract (S2C)
across its global business
- GEP's Intelligent Category Management (ICM) provides
real-time intelligence into all Topsoe's direct and indirect spend
to drive value
CLARK, N.J., April 18, 2024 /CNW/ -- GEP®, a
leading provider of AI-driven procurement and supply chain software
and services to Fortune 500 and Global 2000 enterprises worldwide,
announced today that Topsoe, a forerunner of technologies and
solutions to combat climate change, selected, implemented and is
using GEP SOFTWARE™, the industry's leading procurement and supply
chain platform.
Headquartered in Denmark and
founded in 1940, Topsoe is a leading global provider of
technologies and solutions to produce e-fuels, renewable fuels, and
low-carbon fuels and chemicals. With more than USD1,372 million in revenue and 2,800 employees,
Topsoe enables its customers to transform renewable energy,
biological and other feedstocks into fuels and chemicals for a
sustainable world, and for efficient and low-carbon fuel production
and clean air.
Topsoe is using GEP SOFTWARE to help transform its entire
procurement process, encompassing sourcing and contract management,
spend analytics, and supplier management. GEP's Intelligent
Category Management (ICM) is enabling Topsoe's category managers to
apply should-cost modeling, cost breakdowns and "what if" scenario
modeling to identify cost-saving opportunities.
GEP's AI-driven software platform provides a full range of
low-code solutions to realize Topsoe's vision by:
- Increasing visibility into the entire S2C procurement process,
providing better insights to uncover and drive new value
- Leveraging strategic sourcing tools to identify cost-saving
opportunities, negotiate effectively, and build strong supplier
relationships
- Mitigating risk by enabling comprehensive supplier performance
evaluation
- Strengthening its procurement operation by automating routine
tasks and improving overall efficiency across procurement
operations
"We're very proud that Topsoe, with its decades of scientific
research and innovation into decarbonization and emission
reduction, are using our AI-driven procurement software platform to
deliver new value for their stakeholders," explained J.P. Lauer,
vice president, Global Delivery, GEP.
GEP SOFTWARE encompasses GEP
SMART™, named the world's best procurement software for the
second year in a row, GEP NEXXE™, the next-generation cloud-native
supply chain unified platform, and GEP
GREEN™ to measure and advance sustainability. GEP
SOFTWARE is powered by GEP QUANTUM, the industry's leading
AI-first, low-code platform.
About GEP SOFTWARE
GEP SOFTWARE provides AI-powered digital procurement and supply
chain platforms that help global enterprises become more agile,
resilient, competitive and profitable. With beautifully rendered
interfaces and flexible workflows, GEP provides users fresh,
intuitive digital workspaces that yield extraordinary levels of
user adoption and meaningful gains in team and personal
productivity.
GEP products capitalize on machine learning and cognitive
computing, advanced data and semantic technologies, IoT, mobile and
cloud technologies, and are designed to incorporate continual
innovations in technology. GEP's software integrates quickly and
easily with third-party and legacy systems, such as SAP, Oracle and
all other major ERP and F&A software. And with superb support
and service, GEP is an industry leader in customer satisfaction and
loyalty.
A leader in multiple Gartner Magic Quadrants, GEP's cloud-native
software and digital business platforms consistently win awards and
recognition from industry analysts, research firms and media
outlets, including Gartner, Forrester, IDC, Procurement Leaders and
Spend Matters.
GEP SOFTWARE is part of Clark,
NJ-based GEP — the world's leading provider of AI-powered
procurement and supply chain software, strategy and managed
services. To learn more, visit www.gepsoftware.com.
Media Contact
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com
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SOURCE GEP