GEP, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, has announced that Stockholm Exergi, the largest supplier of district heating (heat, cooling and electricity combined) in Sweden, selected GEP SMARTTM, the industry’s leading procurement software platform, following a competitive review.
Stockholm Exergi chose GEP SMART’s Supplier Management to easily track, measure and optimise supplier risk and performance and contract lifecycle management to manage and monitor all types of contracts. With an annual revenue of €700 million, Stockholm Exergi uses renewable and recovered energy to provide heat to its customers and plans to be carbon negative – capturing more CO2 than it emits – by 2025. Stockholm Exergi is a leader in renewable energy as well as carbon capture and removal. It will use GEP SMART to improve visibility into its enterprise-wide spend and drive greater value to customers, shareholders and the environment.
GEP SMART is a unified, cloud-native source-to-pay platform, built on a data-centric foundation with AI at its core and user-first design. GEP SMART enables Fortune 500 and Global 2000 clients to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement and purchasing functions, while eliminating burdensome infrastructure and support costs to achieve maximum ROI.
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