London and South East Housing Association Deploys PROACTIS SRM
PROACTIS, a global Spend Control and eProcurement solution provider, today announced that a Housing Association based in London and the South East is the latest to deploy the PROACTIS Supplier Relationship Management (SRM) Procurement solution.
PROACTIS SRM provides a central Portal for all supplier and buyer collaboration. It helps procurement to build and maintain a strong supplier base by structuring and streamlining the entire supplier lifecycle - from initial identification through adoption, approval, transacting and analysis.
In phase one of the project, the housing association completed an online supplier registration process of 800 active suppliers to improve the quality of supplier data and ensure compliance to company standards, policies and regulatory requirements.
Each supplier was asked to complete a questionnaire and upload certain documents into their secure area of the PROACTIS web site as part of the registration process. This included financial information, insurance details, description of goods/ services / consultancy, equalities, health and safety information, sustainable initiatives and other important criteria.
PROACTIS SRM enables proactive management of all suppliers and the ability to view and manage supplier credentials to ensure the total impact of supplier risk, failure or disruption is understood across the organisation and corrective plans are in place.
PROACTIS SRM also enabled the housing association to reduce supplier management costs by consolidating 2,500 records to 1000 active supplier relationships, allowing the association to focus spend and development on preferred suppliers.
Simon Dadswell, Marketing Director at PROACTIS said: "PROACTIS SRM is an easy-to-use tool that helps to strengthen how clients do business with their supplier community. It will enable the housing association to gain visibility into, and manage all the business processes associated with, supplier management including supplier on-boarding, qualification, risk assessment, performance management and rationalisation."
In phase two of the project, the housing association will extend the use of the PROACTIS web-based procurement system to allow suppliers to search and respond to competitive bids, electronically invoice and receive payments, and perform other account related activities online.