Oil & Gas Exploration & Production Company Selects PROACTIS eProcurement

News Facts

PROACTIS today announced it has signed another oil and gas company for its Spend Control and eProcurement solutions.

The oil and gas exploration and production company, which operates in Africa, has selected the PROACTIS purchase-to-pay solution to manage the complete buying cycle - from expression of need to approval of payment - in a consistent and fully transparent manner.

In addition to reducing costs upstream in the buying cycle, PROACTIS will automate the inbound receipt of invoices with document scanning to eliminate labour-intensive processes and reduce cycle times downstream in Accounts Payable.

The company has also selected PROACTIS Stores to record, control and track stock items to ensure purchases are only made when necessary.

PROACTIS will be integrated to the company's SunSystems finance system to provide end-to-end process management.

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