Leading Brokerage Firm Goes Live with PROACTIS for Invoice Automation

PROACTIS, a global Spend Control & eProcurement solution provider, today announced that a leading brokerage firm of financial and non-financial products has selected and gone live with its Invoice Automation solution. The key objective was to provide Finance with an automated system to create consolidated information and common processes for Accounts Payable.
The client has offices in the world's major financial centres and covers global foreign exchange, commodity, equity, freight, precious metals, property and pulp & paper markets. It also provides back office functions for numerous organisational entities.

PROACTIS was selected to improve invoice processing:
  • Automate the workflow for approvals and authorisations
  • Improve reporting on suppliers by providing reliable and consistent information
  • Improve efficiency by automating the process and the posting of journals entries to the GL
  • Improve control framework by automating and tracking approvals
Simon Dadswell, Marketing Director of PROACTIS, said: "PROACTIS Invoice Automation ensures full control over the invoice handling process, workflows, rights and business rules. We have delivered a faster standard process for all invoices and the registration of new suppliers. The results are improved cash flow and efficient data access."

PROACTIS cloud-based invoice automation software solutions enable organisations to streamline their financial processes to gain full visibility, compliance and control over spend, while increase operational efficiency and reduce costs.
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