PROACTIS, a global Spend Control and eProcurement solution provider, today announced that a $3 billion oil and gas company with exploration and production operations in the UK, Egypt, Norway, the Netherlands and Africa has purchased its PROACTIS eProcurement system to manage spend across multiple business operations.
PROACTIS is a leading provider of eProcurement software with proven success in the oil, gas and minerals extraction industries. Clients include: ROC Oil, Addax Petroleum, Afren Plc, RTZ Simandou, Australian Worlwide Exploration Ltd, Teal Mining, Harouge Oil, Atlantic Energy and Oryx Petroleum.
The latest oil and gas company selected PROACTIS due to its unique localisation capabilities, combined with highly flexible licensing and deployment options that make it one of the most globally capable and globally practical solutions available today.
have been uniquely built from the ground up to support organisations with multiple locations and business units, and organisations that do business in multiple countries. This includes the ability to tailor all aspects of the user interface to the right language for every location and user, manage supplier transactions in any number of currencies in addition to varying "home" currencies for different locations or business units, automatically calculate the correct tax based on location and other factors, and provide support for different regulatory requirements.
With PROACTIS, the company will have the ability to establish a number of organisational entities, each with its own business rules and workflows. The combination of a common Spend Control framework with the ability to allow appropriate variations at a local level provides a practical approach to central management of policies and procedures, while providing the necessary flexibility.
The oil and gas company has purchased PROACTIS modules covering Purchase-to-Pay, Stores and Document Scanning.