New platform helps Macy’s hit spending targets
A department store giant has a new way to manage its procurement processes, especially from a spending point-of-view.
Macy’s is adding Smart by GEP, a cloud-based sourcing, procurement and spend management software platform. The technology is a suite of integrated applications designed to manage all procurement processes, from strategic sourcing and spend analysis.
Macy’s will use the solution for spend analysis and visibility, as well as reporting capabilities across all source-to-pay operations, including sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing, among other related processes.
Being a cloud-based platform, the solution is platform-agnostic, and eliminates burdensome infrastructure and support costs. It also can be accessed on desktop, touch and mobile technologies.
In addition to helping Macy’s operate more efficiently and effectively, the solution will give the retailer a competitive advantage, boost profitability, and maximize business and shareholder value, according to GEP.
Macy’s is adding Smart by GEP, a cloud-based sourcing, procurement and spend management software platform. The technology is a suite of integrated applications designed to manage all procurement processes, from strategic sourcing and spend analysis.
Macy’s will use the solution for spend analysis and visibility, as well as reporting capabilities across all source-to-pay operations, including sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing, among other related processes.
Being a cloud-based platform, the solution is platform-agnostic, and eliminates burdensome infrastructure and support costs. It also can be accessed on desktop, touch and mobile technologies.
In addition to helping Macy’s operate more efficiently and effectively, the solution will give the retailer a competitive advantage, boost profitability, and maximize business and shareholder value, according to GEP.