SIBS Chooses GEP's Procurement Software to Enhance Global Operations and Value Creation

Introduction

In a significant move to enhance their procurement processes, SIBS, one of Europe's leading payment solution providers, has selected GEP's innovative procurement software. This partnership aims to streamline the source-to-contract operations worldwide, thereby increasing efficiency and driving new value within the organization.

About SIBS

Based in Lisbon, Portugal, SIBS operates in more than 25 countries, providing secure and innovative payment solutions to over 150 million users across Europe, Africa, Asia, and the Americas. With a history spanning over 40 years, SIBS has been at the forefront of payment innovations, introducing legendary services such as MULTIBANCO and MB WAY. The company employs over 1,600 personnel and has established offices in key global locations. As payment volumes soared, SIBS faced the challenge of managing and optimizing an increasingly complicated procurement process.

The Role of GEP Software

GEP has made a name for itself as a premier provider of procurement and supply chain software, particularly for Fortune 500 and Global 2000 companies. In response to SIBS's growing needs, GEP will implement its award-winning procurement software to support SIBS's comprehensive source-to-contract process. This includes essential functions like sourcing, contract management, and supplier management, which are all pivotal for scaling operations effectively in a competitive landscape.

Key Features of GEP SOFTWARE

The GEP SOFTWARE suite, which includes the GEP SMART™ platform, is recognized for its robust capabilities in procurement and supply chain management. The platform is powered by cutting-edge artificial intelligence tools that enhance visibility, compliance, and procurement cycle times. GEP's comprehensive approach allows companies to streamline their operations, significantly improving efficiency and facilitating better decision-making.

Financial Services Expertise

Drawing upon its strong expertise in the financial services industry, GEP's software is tailored to address the unique challenges faced by companies in this sector. By automating and standardizing sourcing processes, GEP will help SIBS centralize its procurement activities, thus enabling smoother operations in multiple geographical areas. This shift is expected to equip SIBS with enhanced insights into its supplier base, further driving operational excellence.

Strategic Impact

The implementation of GEP's software is anticipated to transform SIBS's procurement strategy, fostering a more agile and resilient operational framework. The collaboration is not only timely but essential as SIBS continues to expand its footprint across various global markets. As procurement activities grow in complexity, leveraging GEP’s advanced technologies will allow SIBS to maintain robust growth and meet customer demands more effectively.

Conclusion

SIBS’s partnership with GEP represents a forward-thinking approach to procurement, setting the stage for enhanced efficiency and increased competitiveness in the financial services landscape. With GEP's innovative technology driving their procurement processes, SIBS can confidently navigate the challenges of a rapidly evolving market landscape, ensuring sustainable growth and success for years to come.

For more information about GEP and its procurement solutions, visit GEP Software.