Bekaert Chooses GEP SMART Procurement and GEP NEXXE Supply Chain Software to Transform Its Entire Source-To-Pay Process Globally

Bekaert, headquartered in Belgium, chose GEP SOFTWARETM to turn the entire source-to-pay (S2P) mechanism for direct and indirect spend globally. The company has over 27,000 workers spread across 45 countries and total revenue of $5.3 billion in 2020.

FREMONT, CA: GEP, a leading provider of procurement software and procurement services to Fortune 500 and Global 2000 enterprises worldwide, has declared that Bekaert, a world market and technology leader in steel wire transformation and coating technologies, has chosen GEP SMART, recently named the world's best procurement software for the second year in a row, and GEP NEXXE, the next-generation, cloud-native supply chain unified platform, after a thorough selection process.

Bekaert, headquartered in Belgium, chose GEP SOFTWARETM to turn the entire source-to-pay (S2P) mechanism for direct and indirect spend globally. The company has over 27,000 workers spread across 45 countries and total revenue of $5.3 billion in 2020. This involves spend analytics, procurement, segment management, contract management, supplier and risk management, invoice management, procure-to-pay, and savings project management, as well as supplier coordination and inventory management in the company's supply chain.

"We selected GEP software as an integral part of our overarching digitalization program to optimize our sourcing and procurement processes across the company, and deliver greater value," stated Luc Vankemmelbeke, Bekaert's Chief Procurement Officer.