PROACTIS Signs Agreement to Deliver Accelerated Payment Facilities
PROACTIS, a global Spend Control and eProcurement solution provider, today announced that it has signed an exclusive collaboration agreement with Inspired Capital plc, a leading provider of customer-focused financial solutions to SMEs, to develop an accelerated payment facility for UK SMEs.
The PROACTIS eProcurement Platform, a global supplier network that enables collaborative electronic trading between buyers and suppliers, will underpin the newly developed accelerated payment facility (APF) and Inspired will accelerate the settlement of suppliers' pre-qualified invoices. PROACTIS estimates that its c. 500 blue-chip buying organisations is spending £60-80 billion per annum across c. 1million SME suppliers, thus representing a significant market opportunity.
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