Try our new research platform with insights from 80,000+ expert users

GEP SMART vs Oracle E-Business Suite iProcurement comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

GEP SMART
Ranking in Procurement Software
4th
Average Rating
8.4
Number of Reviews
13
Ranking in other categories
Contract Management Software (16th)
Oracle E-Business Suite iPr...
Ranking in Procurement Software
3rd
Average Rating
8.6
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of December 2024, in the Procurement Software category, the mindshare of GEP SMART is 6.3%, up from 5.9% compared to the previous year. The mindshare of Oracle E-Business Suite iProcurement is 7.8%, down from 10.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Procurement Software
 

Featured Reviews

reviewer1251063 - PeerSpot reviewer
Provides us with more frequent, fresh spend data and alerts us about contract renewals
The loading of the contracts could be a little bit easier. I'd like to see a little bit more of AI brought in, to the point that it's actually reading the contract and automating some things, like expiration dates and renewal terms. That is an area for improvement. There is also some stuff coming that we've been asking for that should be in the next release, in terms of some automated reminders in the sourcing process. And we've also asked to be able to do a little bit more visualization of responses in terms of pricing and completeness for RFPs. Those things are coming some time next quarter and we're looking forward to them.
Mohamed Moustafa - PeerSpot reviewer
Stable product with an easy initial setup process
We use Oracle E-Business Suite iProcurement to procure raw materials such as cement for our company to produce finished goods The product has all the essential features to cover all our business requirements. There could be a mobile application for the product. The product has good stability.…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"It's user-friendly, in terms of the design of the tool."
"There are additional time savings in managing communications. If you have an open RFP and there are questions, you can manage all of the questions and answers in the thread inside that RFP. All the suppliers will get any notifications that you want them to get, and everything is within the body of the RFP so you don't have to worry about things in email, outside of the system."
"The spend module is really amazing and lightning-fast. It can give even the most novice of analysts access to the information needed and the ability to tweak it the way they want to see it. It has a lot of flexibility."
"The one we use the most is the sourcing module... It's really easy to use. You don't have to train vendors. You can add a new vendor at any time, and that vendor will get an email saying, "You've been selected to participate in our RFP, and you do X to get your ID set up." That works really well."
"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."
"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."
"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."
"Among the most valuable features are the ability to send out purchase orders, create catalogs, and accept invoices through procurement. And the reporting function is robust."
"It is a scalable solution."
"It is a scalable product."
 

Cons

"I want to see continued investment in analytics and reporting."
"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."
"While it captures all the fields and requirements, when any supplier updates or new supplier registration happens, then the supplier needs to update their bank details. Our IT team has made it so every half an hour the GEP SMART system will push the supplier to the Oracle Database. So, we have faced some problems, like bank details, etc. We addressed this issue with GEP. They are working on it to make bank details a mandatory field for any supplier and match our requirements. Their engineering team has taken up creating a customized process for us."
"There are certain things within the contracts module — how to upload the line items, for example — that could be done to make that utility a little more user-friendly, a little more like the sourcing module."
"One of the areas where they could do better is by creating more standard templates when it comes to IT cost. IT cost has various components to it and if I want a vendor to be able to reply about cost related to IT, I would have to create that template. If I want them to tell me the hardware costs, the software costs, the professional services costs, the cloud or subscription costs, etc., I would have to build that template myself. Once I built it, I could save it and use it again and again. But sometimes building a template takes a lot of time."
"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."
"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."
"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."
"There could be a mobile application for the product."
"The interface lags a bit since it is a heavy application."
 

Pricing and Cost Advice

"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."
"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."
"The product is more expensive than one of its competitors."
"The product is somewhat expensive. Only large organizations can handle such an application."
report
Use our free recommendation engine to learn which Procurement Software solutions are best for your needs.
824,067 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Educational Organization
72%
Energy/Utilities Company
6%
Financial Services Firm
5%
Manufacturing Company
4%
Manufacturing Company
12%
Financial Services Firm
9%
Government
9%
Computer Software Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

Ask a question
Earn 20 points
What is your experience regarding pricing and costs for Oracle E-Business Suite iProcurement?
The product is somewhat expensive. Only large organizations can handle such an application.
What needs improvement with Oracle E-Business Suite iProcurement?
The interface lags a bit since it is a heavy application. If the product is made lightweight, it can be much faster. The product needs to be made more user-friendly. I think that on the main page o...
 

Also Known As

SMART by GEP
E-Business Suite iProcurement
 

Overview

 

Sample Customers

Exxon Chevron Macys
Portobello S.A., Gulf Air, Dubai Holding LLC, Grupo Aerom_xico SAB de CV, Flexera Software, Imperial College London, Byblos Bank SAL, Y-Telecom, Cyprus Telecommunications Authority, Trombini Embalagens S.A.
Find out what your peers are saying about GEP SMART vs. Oracle E-Business Suite iProcurement and other solutions. Updated: December 2024.
824,067 professionals have used our research since 2012.