One of Europe's largest insurance and investment management groups has selected smart procurement technology from a global leader in cloud-native direct and indirect procurement solutions.
Legal and General announced in a statement this week that it has selected SMART by GEP procurement to manage full source-to-contract (S2C) operations. This will also include spend analysis, savings management, sourcing, contract management and supplier management.
The SMART source-to-order software platform unifies all functions of procurement into a single product that is native to cloud, touch and mobile technology. The platform works with cloud economics to provide ease of access to processing requirements to Fortune 500 and Global 200 clients all over the world.
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Daniel Keyworth, Chief Procurement Officer at Legal and General, said: "We have been on an exciting journey developing our Procurement & Supplier Management Operating model to support our growing business. The new digital tools from GEP will enable us to further enhance how we engage with and manage our suppliers and partners to proactively mitigate risk and drive more value for our customers.”
SMART by GEP is the world’s first cloud-native, source-to-pay software that delivers comprehensive spend, sourcing and procurement functionality in a single, unified platform.