Compare SMART by GEP and 3rdWave - Oct 2022

Shlomi LaviShlomi Lavi / Oct 07, 2022

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - SMART by GEP or 3rdWave?

SMART by GEP is more expensive to implement (TCO) than 3rdWave, and 3rdWave is rated higher (85/100) than SMART by GEP (80/100). SMART by GEP offers users more features (26) than 3rdWave (8).

Looking for the right Procurement solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

GEP Worldwide Vs. 3rdwave

GEP Worldwide: GEP is a leading global provider of consulting, outsourcing and software to procurement and supply chain management teams at Fortune 500 and Global 2000 enterprises worldwide. We deliver practical, effective solutions that enable procurement leaders to maximize their impact on business operations, strategy and financial performance. GEP is on...

3rdwave: An exceptional global trade management platform for Importers, Exporters, Logistics Teams, and Trade Compliance professionals.

Who is more expensive? SMART by GEP or 3rdWave?

The real total cost of ownership (TCO) of Procurement software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for SMART by GEP and 3rdWave.

SMART by GEP accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 SMART by GEP is rated 8, which is higher than the average cost of Procurement software. 3rdWave price starts at $1,995 per month , When comparing 3rdWave to its competitors, the software is rated 4 - lower than the average Procurement software cost.

Bottom line: SMART by GEP is more expensive than 3rdWave.

Which software includes more/better features?

We've compared SMART by GEP Vs. 3rdWave based on some of the most important and required Procurement features.

SMART by GEP: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Batch Invoice Creation, Customer Management, Invoice Scheduling, Invoice Templates, Payment Management, Price Management, Reverse/Void Invoices, Auction Management.

3rdWave: Inventory Management, Order Processing Management, Transportation Management, Logistics, Order Fulfillment.

Target customer size

Customers of the software include businesses of all sizes and a variety of types, including various Fortune 500 companies. and 3rdWave's target customer size include: Small, medium and large size businesses.



SMART by GEP

ITQlick rating
(4/5)

SMART by GEP is a web based supply chain management solution for businesses of all sizes. It offers such services as sourcing and procurement, supplier management, contract management, and others. The software ...

Categories: Billing & Invoicing, Accounts Receivable, Inventory Management, Supplier Management.

3rdWave

ITQlick rating
(3.5/5)

starts at $1,995 per month

3rdWave is a procurement software designed to help businesses experience the pinnacle of visibility. The software achieves this by validating and capturing supply chain data for a holistic view of operations.

Categories: Inventory Management, Work Order Management, Purchasing Management, Scheduling, Procurement.

Compare specifications

Compare features

SMART by GEP: 26 Features

Batch Invoice Creation
Customer Management
Invoice Scheduling
Invoice Templates
Payment Management
Price Management
Reverse/Void Invoices
Auction Management
Auto-Matching
Collaborative Forecasting
Management Reporting
Online Catalog
Rfx Management
Spend Analysis
Supplier Audits
Supplier Compliance
Supplier Corrective Actions
Supplier Onboarding
Supplier Qualification
Supplier Risk Management
Supplier Web Portal
Vendor Bidding
Vendor Maintained Profiles
Vendor Performance Rating
Vendor Self Service
Audit Trail

3rdWave: 8 Features

Inventory Management
Order Processing Management
Transportation Management
Logistics
Order Fulfillment
Scheduling
Contract Management
Purchasing
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
SMART by...
ITQlick rating
4/5
Score
80/100
Pricing
9.8/10
License pricing
Pricing not available
Functionality
37
Compare
3rdWave
ITQlick rating
3.5/5
Score
85/100
Pricing
5/10
License pricing
$1,995 per month
Functionality
22
DXC Proc...
ITQlick rating
3.9/5
Score
92/100
Pricing
7/10
License pricing
Pricing not available
Functionality
4
Compare
SynerTrade
ITQlick rating
4.1/5
Score
90/100
Pricing
10/10
License pricing
$59 per user/month
Functionality
16
DeltaBid
ITQlick rating
4.5/5
Score
89/100
Pricing
2/10
License pricing
$129 per user/month
Functionality
16

Auditor - Shlomi Lavi

Website Linkedin profile Facebook Twitter

Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.