The Royal College of Surgeons Selects PROACTIS to Modernise Purchase-to-Pay Processes
PROACTIS, a global Spend Control and eProcurement solution provider, today announced that the Royal College of Surgeons (RCS) is the latest institution to select PROACTIS Spend Control solutions. As part of a modernisation of its financial processes the RCS chose PROACTIS reseller LAKE Financial Systems for the implementation of a new Purchase-to-Pay (P2P) system.
The introduction of PROACTIS P2P will allow the RCS to automate and streamline the entire buying process, from request through authorisation, ordering, invoice processing, and payment via Accounts Payable. PROACTIS will ensure it is easy for staff to buy what they need, while ensuring compliance with corporate policies. It will introduce electronic documents and workflow to streamline the process, incorporate controls, and provide visibility of purchase activity. Additionally, the need for Procurement involvement for routine purchases and the workload for Accounts Payable will also be reduced.
The Royal College of Surgeons will use PROACTIS P2P to obtain a greater degree of control and visibility of the purchasing process and so minimise costs, optimise the use of available funds, maintain essential financial controls, and ensure policy compliance.