#Abu Dhabi #United Arab Emirates #Kazakhstan #GEP SOFTWARE #NCOC

GEP Software Transforming Procurement Operations for NCOC

In a significant move for Kazakhstan's energy sector, North Caspian Operating Company N.V. (NCOC) has selected GEP, a prominent provider of AI-driven procurement software, to enhance its procurement processes. Located in Atyrau, Kazakhstan, NCOC operates the Kashagan field, one of the largest oil discoveries in recent history, emphasizing their critical role in the nation's energy landscape.

GEP will implement its comprehensive solutions aimed at transforming NCOC's entire source-to-pay (S2P) process. This transformation is intended to improve operational efficiency and strategic sourcing capabilities across NCOC's procurement operations. The software’s characteristics make it particularly advantageous, including its flexibility, intuitive user interface, and seamless digital integration with existing solutions.

Enhanced Procurement Processes

The adoption of GEP software brings numerous enhancements to NCOC's procurement operations. Among the key benefits are:

• - Increased Visibility: The software will increase transparency throughout the S2P procurement process. This enhanced visibility allows for better insights, giving NCOC the ability to uncover new value and optimize spending.
• - Strategic Sourcing Tools: Utilizing advanced sourcing tools helps NCOC identify cost-saving opportunities, engage in more effective negotiations, and build robust relationships with suppliers.
• - Risk Mitigation: The system enables detailed evaluations of supplier performance, thereby reducing risk and ensuring reliability in sourcing.
• - Operational Efficiency: By automating routine tasks, GEP’s solution enhances overall efficiency, allowing procurement teams to focus on higher-value activities.

Innovation Through AI-Driven Solutions

GEP’s software offers a suite of innovative products designed to meet the diverse needs of modern enterprises. This includes GEP SMART™, recognized as the world's best procurement software for two consecutive years, alongside GEP NEXXE™, a next-generation unified platform for supply chain management, and GEP GREEN™, which measures and advances sustainability efforts.

The GEP QUANTUM platform powers these solutions, leading the industry in AI-first, low-code development that enhances user interaction and increases productivity. Furthermore, GEP’s products quickly integrate with third-party systems including major ERP and FA platforms such as SAP and Oracle.

A Leader in Customer Satisfaction

GEP has built a solid reputation as a leader in customer satisfaction within the procurement software landscape. The company regularly receives accolades from industry analysts and research firms such as Gartner and Forrester, signaling its commitment to excellence in both innovation and service. NCOC's selection of GEP underscored their confidence in the software's capabilities to drive transformative changes in their procurement operations, positioning them for greater resilience and competitiveness in the evolving energy market.

By embracing GEP Software, NCOC not only prepares to enhance its procurement strategies but also aligns itself with the best practices in the industry. This collaboration represents a pivotal step in integrating cutting-edge technology to support and elevate the operational framework of Kazakhstan's key resource sector.