#Canada #Toronto #GEP SOFTWARE #AI Procurement #Central 1

Central 1 Credit Union Selects GEP Software to Revitalize Procurement

In a significant move for the cooperative banking landscape in Canada, Central 1 Credit Union has chosen GEP SOFTWARE™ to revamp its procurement operations. This strategic partnership aims to integrate a unified Source-to-Pay (S2P) and Intelligent Contract Management (ICM) platform, facilitating enhanced efficiency, transparency, and compliance.

About Central 1 Credit Union

With a robust framework supporting over five million Canadians, Central 1 is pivotal in delivering treasury, payments, and settlement services across the nation. The organization, headquartered in Vancouver, British Columbia, and Toronto, Ontario, boasts assets worth $9.5 billion as of September 30, 2025, reflecting its substantial role within the cooperative banking system. By leveraging GEP SOFTWARE, Central 1 aims to optimize its procurement processes, ensuring a seamless integration of various operational facets including sourcing, contracting, and supplier management.

Benefits of GEP SOFTWARE Implementation

The implementation of GEP SOFTWARE will herald a new era for Central 1, characterized by several pivotal enhancements:

• - Digitization and Integration: The platform will empower Central 1 to digitize its procurement processes, thereby enabling integration across contracting and supplier management on a single AI-driven interface.
• - Enhanced Visibility and Compliance: Stakeholders will benefit from increased visibility in sourcing and spending categories, resulting in robust compliance measures.
• - Automation of Workflows: Through automated contracting and procurement workflows, Central 1 will see improvements in productivity, coupled with heightened risk management controls.
• - Data-Driven Insights: GEP Software also aims to unlock new value by providing data insights that can enhance supplier collaborations.

Features of GEP SOFTWARE

GEP SOFTWARE entails an array of powerful tools designed to streamline procurement activities:

• - GEP SMART™: This award-winning procurement software offers modern features tailored to meet the needs of today’s enterprises.
• - GEP NEXXE™: A next-generation cloud-native supply chain platform that further enriches procurement processes.
• - GEP GREEN™: This component is dedicated to sustainability efforts, enabling organizations to measure and advance their environmental commitments.

Powered by GEP Qi, an industry-leading Agentic AI-native platform, GEP SOFTWARE facilitates optimum efficiency while providing actionable data intelligence in all procurement and supply chain functions. The solution aims to alleviate cumbersome infrastructures and minimize support costs, providing a more effective and profitable operation for enterprises.

About GEP

As a frontrunner in digital procurement and supply chain solutions, GEP SOFTWARE serves Fortune 500 and Global 2000 enterprises globally. Its platforms have received multiple accolades from industry analysts and media outlets—including recognition from Gartner, Forrester, and IDC—reflecting its industry leadership in customer satisfaction and technology innovation. Sophisticated integrations with legacy systems, such as SAP and Oracle, further solidify GEP's position as a preferred choice among large organizations seeking efficiency and competitive advantages in their operations.

This collaboration between Central 1 and GEP marks a significant step toward transforming financial services in Canada, aiming to provide clients with faster and more controlled procurement processes that enhance governance and transparency. As organizations continue to adapt to a digital-first landscape, partnerships like this are instrumental in driving progress and achieving substantial operational improvements.