SIBS Selects GEP's Innovative Software to Enhance Global Procurement Operations
In a significant move aimed at enhancing procurement efficiency, SIBS Group, one of Europe’s foremost financial solution providers, has selected GEP SOFTWARE to overhaul its source-to-contract operations. Headquartered in Lisbon, Portugal, SIBS offers secure and innovative payment solutions, serving a vast user base of over 150 million clients across more than 25 countries, including regions in Europe, Africa, Asia, and the Americas. With a robust legacy transcending 40 years, SIBS holds the distinction of being a pioneer in payment innovation, credited with establishing notable services like MULTIBANCO and MB WAY. Currently, the company employs over 1,600 professionals and operates 10 offices worldwide.
This partnership comes at a pivotal moment as SIBS confronts escalating global procurement volumes, which necessitate a robust and streamlined management system. Lacking effective upstream procurement tools, SIBS chose to harness GEP SOFTWARE to automate, standardize, and scale its sourcing and contracting processes. GEP, recognized for its extensive expertise within the financial services sector and its AI-powered platform, will enable SIBS to optimize its supplier visibility, enhance compliance measures, and accelerate procurement cycles.
GEP SOFTWARE includes components such as GEP SMART™, celebrated as the world’s leading procurement software, alongside GEP NEXXE™, a next-generation cloud-native unified platform, and GEP GREEN™, which focuses on accelerating sustainability initiatives. This comprehensive software solution is powered by GEP QUANTUM—an advanced AI-first, low-code platform designed to enhance efficiency and visibility throughout procurement, purchasing, and supply chain functions.
The integration of GEP SOFTWARE signifies a strategic advancement for SIBS. With GEP's tools at their disposal, SIBS anticipates better adaptability to its swiftly expanding, multi-national operations. This system not only simplifies the procurement workflow but also diminishes the burden of costly infrastructure, ultimately aiming to yield maximum return on investment.
SIBS’s selection of GEP underscores the importance of streamlining procurement processes in a competitive and ever-evolving market landscape. As businesses face increasing pressures to operate efficiently while maintaining compliance and sustainability, innovative software solutions emerge as vital tools for success.
The collaboration marks a significant step forward in digital transformation, adhering to trends that favor agility and technological integration in financial services. With GEP’s award-winning platforms, the expectations are set high for improvements in productivity and operational performance.
As SIBS ventures into this latest chapter of its operational evolution, its commitment to leveraging state-of-the-art technology signals a dedication not only towards improving internal processes but also ensuring the satisfaction of its extensive user base. This partnership could very well set a precedent for similar entities looking to enhance their procurement practices, as they adapt to a rapidly changing global marketplace and increasingly demanding consumer expectations.
In conclusion, SIBS’s transition to GEP SOFTWARE is more than just an upgrade—it represents a pivotal investment in the future of procurement that could potentially redefine operational standards across the industry, balancing innovation with the meticulous nature of financial transactions. The anticipated benefits in efficiency and scalability will surely be closely monitored by competitors and industry watchers alike.
This partnership comes at a pivotal moment as SIBS confronts escalating global procurement volumes, which necessitate a robust and streamlined management system. Lacking effective upstream procurement tools, SIBS chose to harness GEP SOFTWARE to automate, standardize, and scale its sourcing and contracting processes. GEP, recognized for its extensive expertise within the financial services sector and its AI-powered platform, will enable SIBS to optimize its supplier visibility, enhance compliance measures, and accelerate procurement cycles.
GEP SOFTWARE includes components such as GEP SMART™, celebrated as the world’s leading procurement software, alongside GEP NEXXE™, a next-generation cloud-native unified platform, and GEP GREEN™, which focuses on accelerating sustainability initiatives. This comprehensive software solution is powered by GEP QUANTUM—an advanced AI-first, low-code platform designed to enhance efficiency and visibility throughout procurement, purchasing, and supply chain functions.
The integration of GEP SOFTWARE signifies a strategic advancement for SIBS. With GEP's tools at their disposal, SIBS anticipates better adaptability to its swiftly expanding, multi-national operations. This system not only simplifies the procurement workflow but also diminishes the burden of costly infrastructure, ultimately aiming to yield maximum return on investment.
SIBS’s selection of GEP underscores the importance of streamlining procurement processes in a competitive and ever-evolving market landscape. As businesses face increasing pressures to operate efficiently while maintaining compliance and sustainability, innovative software solutions emerge as vital tools for success.
The collaboration marks a significant step forward in digital transformation, adhering to trends that favor agility and technological integration in financial services. With GEP’s award-winning platforms, the expectations are set high for improvements in productivity and operational performance.
As SIBS ventures into this latest chapter of its operational evolution, its commitment to leveraging state-of-the-art technology signals a dedication not only towards improving internal processes but also ensuring the satisfaction of its extensive user base. This partnership could very well set a precedent for similar entities looking to enhance their procurement practices, as they adapt to a rapidly changing global marketplace and increasingly demanding consumer expectations.
In conclusion, SIBS’s transition to GEP SOFTWARE is more than just an upgrade—it represents a pivotal investment in the future of procurement that could potentially redefine operational standards across the industry, balancing innovation with the meticulous nature of financial transactions. The anticipated benefits in efficiency and scalability will surely be closely monitored by competitors and industry watchers alike.
Topics Financial Services & Investing）
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