UK’s Largest Supplier of Foreign Currency Selects PROACTIS
PROACTIS, a global Spend Control and eProcurement solution provider, today announced First Rate Exchange Services, the UK's leading supplier of foreign currency to businesses in financial services, travel and tourism and the retail sector, has selected PROACTIS Purchase-to-Pay from PROACTIS reseller, Lake.
First Rate is the UK's largest supplier of foreign currency and a top 5 currency wholesaler globally. They are one of the foremost FX experts in the industry, with trading relationships in 40 countries and associations with 12 central banks.
PROACTIS Purchase-to-Pay will enable First Rate to automate and streamline the entire day-to-day buying process, from request through authorisation, ordering, invoice processing, and payment via Accounts Payable. It will be implemented by UK partner, Lake, and integrated to the company's finance system.