This MGI 360 Rating™ is designed to help buyers, suppliers, and investors assess the product functionality, management teams, channel breadth, marketing strategy, and financial positioning of GEP‘s CLM tool.
We initiate coverage of GEP in the Contract Lifecycle Management (CLM) market with an MGI 360 Rating of 46 and a Neutral analyst outlook. GEP offers a Contract Management solution bundled as part of its GEP SMART source-to-pay procurement management suite. The Contract Management product links with Spend Analysis, Savings Tracking, Sourcing, Supplier Management, and Procure-to-Pay applications to form the GEP SMART platform. GEP CLM module has limited standalone applicability outside of a bundled suite of procurement management products. Customers indicate projects involve a strong focus on services and lean heavily on GEP project experience.
Who Is GEP?
Founded in 1999 in Clark, NJ, GEP is a global management consulting company that offers supply chain software, consulting, and managed services. In 2022, GEP acquired supply markets forecasting, pricing trends, and cost modeling platform COSTDRIVERS, as well as procurement intelligence firm Datamark, elements of which have since been folded into the GEP SMART procurement management suite.
What Is Contract Management?
Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.
What Are MGI 360 Ratings?
MGI 360 Ratings™ are a comprehensive structured system for evaluating technology companies. The MGI 360 scores reflect analyst opinions based on a scale of 0 to 100, combined with an analyst outlook (Positive, Negative, or Neutral). The 360 Rating system is comprised of 149 unique data points across five pillars:
- PRODUCT: How strong is the product’s competitive position?
- MANAGEMENT: How competent and experienced is the management team?
- CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
- STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
- FINANCE: Is the company growing and profitable?
360 Ratings in Contract Lifecycle Management condense hours of research and customer references into simple, easy to understand ratings and recommendations to clearly demonstrate strengths, weaknesses, and differences among CLM software vendors. All 360 Ratings in Contract Lifecycle Management (CLM) are available in the CLM Top 35 Buyer’s Guide.
Get the report to find out how GEP compares to peer averages in the CLM market:
