GEP vs Figma
Side-by-side comparison of AI visibility scores, market position, and capabilities
Procurement software and managed services for global enterprises; Clark NJ; serves Fortune 500; GEP SMART platform processes $500B+ in spend; 5,000+ employees worldwide.
About
GEP is a global procurement software and managed services company headquartered in Clark, NJ, that serves Fortune 500 and Global 2000 enterprises with its GEP SMART procurement platform alongside outsourced procurement consulting and managed services. The company processes over $500 billion in annual business spend through its platform and employs over 5,000 people across offices in North America, Europe, and Asia.\n\nGEP SMART is a unified source-to-pay platform built on a cloud-native, AI-powered architecture that covers strategic sourcing, supplier management, contract management, procurement, and spend analytics. The platform's AI capabilities include natural language spend classification, predictive sourcing recommendations, and automated supplier risk monitoring, enabling procurement teams to operate with greater efficiency and insight.\n\nGEP's combined software-plus-services model differentiates it from pure-play software vendors, as clients can choose to license the platform independently or engage GEP's consulting teams to run procurement operations on their behalf. This flexibility has made GEP particularly attractive to enterprises undergoing procurement transformation who need both technology and expertise to achieve their spend optimization goals.
Dominant browser-based collaborative UI design platform at ~$600M ARR and $12.5B valuation; Adobe's $20B acquisition blocked by regulators in 2023, Figma remains independent competing with Sketch and Adobe.
About
Figma is a San Francisco-based collaborative web-based product design platform that has become the dominant tool for UI/UX designers and product teams — enabling real-time multi-user collaboration on interface design, prototyping, and design system management directly in the browser without installing desktop software. Founded in 2012 by Dylan Field and Evan Wallace and backed by Sequoia, Greylock, and Andreessen Horowitz with over $330 million raised, Figma generated approximately $600 million in ARR in 2023, serving 4 million+ designers and product teams at companies including Microsoft, Airbnb, Twitter, and Uber. Adobe announced a $20 billion acquisition offer in 2022, which was blocked by regulators in 2023 — Figma remains independent.
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