SIBS Group Partners with GEP Software for Procurement Solutions
The Portuguese-based company, renowned for its operations in over 25 countries, has chosen GEP SOFTWARE to boost its entire source-to-contract process. This strategic partnership aims to revolutionize how SIBS manages its procurement activities globally.
The Role of GEP SMART in SIBS's Objectives
SIBS, one of Europe's leading financial solutions providers, particularly in the payments sector, will deploy GEP SMART to streamline its upstream procurement operations. This includes handling sourcing, contract management, and supplier interactions, which are crucial for maintaining high standards in such a competitive industry.
Expanding Global Reach and Operational Efficiency
With its headquarters in Lisbon, SIBS services over 150 million users across various regions including Europe, Africa, Asia, and the Americas. Armed with more than 40 years of payment innovation experience and services like MULTIBANCO, SIBS has established a strong foothold in the market. By selecting GEP SOFTWARE, SIBS is set to automate and standardize its sourcing and contracting processes, addressing the challenges posed by rapidly increasing global procurement volumes.
Benefits of GEP's AI-Powered Solutions
GEP’s platform, celebrated for its deep expertise in financial services, harnesses AI technology to provide enhanced visibility into supplier bases, streamline compliance, and accelerate procurement cycles. This technological advancement is essential for SIBS as it supports its fast-growing, multi-geographical operations efficiently.
Recognition and Innovative Capabilities of GEP SOFTWARE
Recently recognized as a Leader in the 2025 Magic Quadrant for Source-to-Pay (S2P) Suites, GEP SOFTWARE embraces cutting-edge technologies, ensuring that organizations can achieve maximum efficiency and responsiveness. The platform is acknowledged as the world's best procurement software, which aligns perfectly with SIBS's aspiration for innovation and competitive advantage.
Future-Ready Procurement Solutions
GEP's offerings extend beyond just procurement; they include GEP NEXXE, a next-generation cloud-native supply chain platform, and GEP GREEN, which emphasizes sustainability advancements. These integrated solutions provide SIBS with the necessary tools to adapt to future challenges and opportunities in the ever-changing market landscape.
About GEP SOFTWARE
GEP SOFTWARE™ specializes in shaping agile and resilient digital procurement platforms. With user-friendly interfaces and flexible workflows, GEP crafts digital workspaces that enhance productivity drastically. Their software is designed to integrate seamlessly with leading ERP systems, reinforcing GEP’s commitment to providing superior customer satisfaction and support.
Contact Information for Media Inquiries
For media-related queries, Derek Creevey, Director of Public Relations at GEP, is available for contact at +1 732-382-6565 or via email at derek.creevey@gep.com.
Frequently Asked Questions
What is the significance of the partnership between SIBS and GEP?
The partnership aims to enhance SIBS's procurement efficiency and support their growth in the global marketplace.
What solutions will GEP provide to SIBS?
GEP will provide its GEP SOFTWARE to automate and streamline SIBS's source-to-contract and supplier management processes.
How does GEP's technology benefit SIBS?
GEP's AI-driven platform improves visibility, compliance, and speeds up procurement cycles for SIBS.
Where is SIBS headquartered?
SIBS is headquartered in Lisbon, Portugal.
What other products does GEP offer besides procurement software?
GEP also offers GEP NEXXE for supply chain management and GEP GREEN for sustainability initiatives.
