PROACTIS Offers Benchmarking Service to Help Organisations Improve Spend Control
PROACTIS, a global Spend Control and eProcurement solution provider, today announced that the company is launching a Spend Control Benchmarking Service to help organisations improve financial control and procurement effectiveness.
Spend Control has emerged as an important strategy to help organisations improve their operational and financial performance by improving the way they buy all types of goods and services. A comprehensive Spend Control process involves a number of inter-related activities, from strategic procurement functions to daily purchase-to-pay activities, supported by eProcurement technologies.
Simon Dadswell, Marketing Director of PROACTIS said: "Using structured assessment tools, this free service will help organisations to break down each of the key functions required for effective Spend Control into the management issues and activities that are most important, and evaluate their organisation on a spectrum of maturity levels for each issue or activity."
The key functions for Spend Control include; Purchasing, Invoicing, Sourcing, Supplier Management, Contract Management and Catalogue Management.
"Based on the assessment, organisations will be able to: better visualise how all the areas work together for effective Spend Control, know where they should put their focus for the biggest and fastest results, and have the basis for developing a business case for a Spend Control initiative," continued Simon.
PROACTIS has developed the rapid Benchmarking Service based on its experience of working with hundreds of organisations around the world in various stages of development of their Spend Control processes.