#Finland #Clark, NJ #GEP SOFTWARE #Tieto Oyj #AI-native procurement

Tieto Oyj Partners with GEP for Procurement Innovation

In a strategic move to enhance its sourcing and procurement capabilities, Tieto Oyj, the leading Nordic technology firm, has teamed up with GEP, a frontrunner in AI-powered procurement software. This collaboration aims to modernize Tieto's procurement operations through GEP's advanced Source-to-Pay (S2P) platform, integrating an innovative approach that underscores efficiency and user experience.

A New Era of Procurement with AI

GEP's AI-native platform is set to revolutionize Tieto’s procurement processes by providing an intuitive chat-user interface that simplifies purchasing for employees. By enhancing access to procurement, Tieto seeks to streamline operations, making it easier for teams to procure services and materials while enabling procurement professionals to shift their focus towards strategic initiatives that add value to the organization.

According to Jarkko Sakki, Tieto's Chief Procurement Officer, the decision to select GEP was driven by the desire to facilitate easier purchasing for employees while ensuring the procurement teams could prioritize strategies that maximize overall value and reduce waste.

“This platform will empower our procurement teams to concentrate on high-impact strategies rather than mundane tasks,” stated Sakki.

Enhancing Visibility and Automation

The partnership aims to facilitate greater end-to-end visibility across Tieto's sourcing, finance, and overall business operations. By digitizing and integrating various aspects of sourcing, purchasing, and supplier management, GEP SOFTWARE will enhance data linkage while promoting efficiency across all transactional processes. One significant change will be the increase in automation in handling high-volume, low-value transactions, meaning that manual processes will be reduced significantly, leading to minimized errors and enhanced efficiency.

With around 14,000 employees and a reported annual revenue of near €2 billion, Tieto operates not only within the Nordic region but also on a global scale, providing essential software and digital solutions across numerous industries such as healthcare, financial services, and public sector projects.

The Future of Procurement

The GEP SOFTWARE platform is designed to integrate seamlessly with a range of third-party systems, including major enterprise resource planning tools like SAP and Oracle. This capability ensures that Tieto can leverage its existing technology stack while gaining new functionalities that will drive procurement efficiency. The platform also features user-friendly interfaces and agentic processes that significantly enhance developer productivity and overall user adoption.

As Tieto embarks on this transformative journey, the partnership reflects a significant commitment to leveraging technology to foster both agility and resilience in its operations. Santosh Nair, GEP's global head of growth, expressed enthusiasm for the collaboration, stating, “Supporting Tieto is exciting for us, especially because they are a prominent player in software and digital consulting seeking to employ top-notch solutions to automate procurement processes.”

Conclusion

In an ever-evolving digital landscape, Tieto Oyj's collaboration with GEP represents a strategic pivot towards leveraging advanced technologies to optimize procurement processes. As AI continues to shape how businesses operate, Tieto is positioned to carve a niche in efficient procurement that not only strengthens its operational model but also enhances customer value.

For more information on this innovative partnership and the capabilities of GEP SOFTWARE, visit GEP's official website.