GEP SMART vs Oracle Procurement Cloud comparison

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GEP Worldwide Logo
2,106 views|541 comparisons
100% willing to recommend
Oracle Logo
1,658 views|1,374 comparisons
100% willing to recommend
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"In terms of ease of use, GEP has done a lot of work through its enhancements over the years to make the user experience more intuitive. There is a more standard-Amazon-like experience, where manuals and tutorials are not really required, simply because the user experience and what's on the screen are pretty intuitive.""I love it because everything is done within the contract module. The previous tool that we had really acted more as a repository, whereas this is the lifecycle. Once a business owner gets to the point where they want to enter into a contractual relationship with a party, from that point, including the drafting of it through to the signature on it, it covers the lifecycle. It's from the beginning to the end to even the archiving. It's all done within the tool, including e-signature.""One of the most valuable features is the opportunity-identification through the spend analytics. Another is around the RFX options to benchmark various pre-qualified vendors that are invited to participate.""SMART has been helpful for sourcing and public bids. For regulatory purposes, our university posts bids, depending on the scope of the bid. We get a lot of value out of SMART's ability to post to a public site and have suppliers see that information, register in the tool, and participate.""It's user-friendly, in terms of the design of the tool.""The AI tool definitely has learned from the information we've given it but also from some of the corrections that we've made. It may have auto-applied a classification and then we have gone in and corrected it, given it some feedback. With that, more and more, we are not having to touch the information once it gets processed. It's classifying it from the get-go in the correct category.""On the spend side, it's integrated with our accounting system and has bimonthly uploads of data. So we have pretty current spend information that we can access and build reports on.""The biggest selling point for us was having the contracts repository centralized for both systems. People are able to search for a contract. Typically, before they go out to bid or engage with a supplier, procurement folks come into GEP SMART and they search for a contract and check to see if there is an existing contract in place."

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"Oracle is suitable for those large enterprises that heavily rely on customizations."

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Cons
"We didn't like their dashboard initially, but they responded to that very well. They've given us some customizable dashboards and have also made it so that the dashboards can be exported into PDF and other formats, so that we can share them with the rest of the company... That was a weakness at the beginning, but one that they have responded to adequately and we're really pleased with the result.""We had a lot of challenges and disagreements with SMART. It's been a long road, for sure, on the contract side. There is a little bit of pushback on their part when we need stuff done. Things aren't done very efficiently. I'm still waiting on some changes that were requested well over a year-and-a-half ago.""Very recently, they implemented a customer success team to manage our expectations and communicate them to their technical team. That function is relatively new and some work needs to be done to build that connection so that it's a little more seamless.""The manuals, especially the ones for the suppliers, are currently available only in English. If these can also be translated into different languages, that would be excellent.""Their contracts module is kind of clunky and It took a while for them to correct some of the basic functionality, some of the "Contract Management 101" functions, but it seems to be coming around. It wasn't working the way we'd expected.""I'd like to see drag-and-drop reporting. They have the old model for reports where you have to click the "run" button. The thing runs and then you have to export it to PowerPoint.""I want to see continued investment in analytics and reporting.""We definitely have some asks for enhancements. One of the big ones we'd like to see is what we call "drag-and-drop." If I have an email that I want to maintain in the SMART record for whatever reason — for example, it has supporting information in it — I would love to be able to just drop that into the notes and attachments section without having to save it as a PDF and then upload it."

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"Off late, most of my customers, where I see a trend, are long-standing heavily customized major customers on ERP (Enterprise Resource Planning) on EBS who want to convert themselves to the cloud, and they expect us to provide the same level of customizations that EBS supports them in the cloud. So that's the challenge where we are currently."

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Pricing and Cost Advice
  • "My advice is to think wisely when it comes to estimating the number of licenses that you will require. If you settle on a number too early and you need additional ones, then the extra licenses might be quite expensive."
  • "If our organization could use it as a full-fledged solution, then it would be valuable and give a return on investment. However, since we are not currently using it as a full-fledged solution, even facing some bugs and problems with the synchronization with some of the internal software, we are not able to use it in a full-fledged manner."
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    Top Answer:Oracle is suitable for those large enterprises that heavily rely on customizations.
    Top Answer:There are decent margins. But we do face challenges, and sometimes we need to support our margins as the cost of investment is high, especially during the initial phases. But over a period of time… more »
    Top Answer:Off late, most of my customers, where I see a trend, are long-standing heavily customized major customers on ERP (Enterprise Resource Planning) on EBS who want to convert themselves to the cloud, and… more »
    Ranking
    4th
    Views
    2,106
    Comparisons
    541
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    2nd
    Views
    1,658
    Comparisons
    1,374
    Reviews
    1
    Average Words per Review
    1,783
    Rating
    8.0
    Comparisons
    Also Known As
    SMART by GEP
    Procurement Cloud
    Learn More
    Overview

    GEP SMART is an AI-powered, cloud-native

    software for direct and indirect procurement
    that offers comprehensive source-to-pay
    functionality in one user-friendly platform,
    inclusive of spend analysis, sourcing, contract
    management, supplier management,
    procure-to-pay, savings project management
    and savings tracking, invoicing and other
    related functionalities.

    Oracle Procurement Cloud Service is a complete source to settle solution that includes the following products:

    • Supplier Qualification Management
    • Sourcing
    • Procurement Contracts
    • Purchasing
    • Self Service Procurement
    • Supplier Portal
    Sample Customers
    Exxon Chevron Macys
    BUYDEEM, Capgemini, Asahi Refining
    Top Industries
    REVIEWERS
    Energy/Utilities Company20%
    Non Tech Company13%
    Media Company13%
    Retailer13%
    VISITORS READING REVIEWS
    Educational Organization66%
    Energy/Utilities Company7%
    Financial Services Firm5%
    Manufacturing Company4%
    VISITORS READING REVIEWS
    Educational Organization17%
    Financial Services Firm12%
    Computer Software Company8%
    Manufacturing Company7%
    Company Size
    REVIEWERS
    Midsize Enterprise13%
    Large Enterprise88%
    VISITORS READING REVIEWS
    Small Business6%
    Midsize Enterprise68%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business9%
    Midsize Enterprise21%
    Large Enterprise70%

    GEP SMART is ranked 4th in Procurement Software while Oracle Procurement Cloud is ranked 2nd in Procurement Software with 1 review. GEP SMART is rated 8.4, while Oracle Procurement Cloud is rated 8.0. The top reviewer of GEP SMART writes "Provides us with more frequent, fresh spend data and alerts us about contract renewals". On the other hand, the top reviewer of Oracle Procurement Cloud writes "Highly customizable, scalable and seamlessly integrates ". GEP SMART is most compared with SAP Ariba Procurement, Zycus Source to Pay Suite and Coupa Procure, whereas Oracle Procurement Cloud is most compared with Oracle E-Business Suite iProcurement, SAP Ariba Procurement, Coupa Procure, SAP Fieldglass and PeopleSoft eProcurement.

    See our list of best Procurement Software vendors.

    We monitor all Procurement Software reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.