Global Lighting Leader Partners with GEP to Implement Budget-to-Pay Solution, Achieves 18% Cost Reduction

A global leader in the lighting industry with revenue of €6B partnered with GEP to manage costs and sustain operating margins during a year of unprecedented disruption and crisis in 2020. As part of a three-year project initiated in 2019, GEP helped the client’s procurement and finance team collaborate and drive the CFO’s mandate across business, markets and functions for management of discretionary spend, providing a closed-loop solution for real-time decision-making before agreeing to cost commitments. The program accelerated the client’s journey toward implementing best-in-class practices for managing SG&A expenses effectively, enabling them to outperform competition.