PROACTIS, a global Spend Control and eProcurement solution provider, today announced that Places for People has selected PROACTIS cloud-based Spend Analysis solution to provide the information it needs to drive year-on-year savings.
Places for People is one of the largest property management, development, regeneration and leisure companies in the UK. It is comprised of over 20 companies, has assets in excess of £3 billion, and manages more than 152,000 homes.
PROACTIS Spend Analysis
combines sophisticated spend data capture, cleansing, enrichment and classification capabilities with leading edge artificial intelligence to provide instant visibility and insight into corporate spending. It provides an essential tool for strategic sourcing, risk management, compliance management and process improvement.
“Given the breadth and complexity of organisational spend, we recognised the need for a best of breed Spend Analysis solution that would allow us to effectively drive spend under management and strategic sourcing,” said Alan Heron, Head of Procurement at Places for People. “PROACTIS Spend Analysis will provide our team with the information they need to: identify and capture savings opportunities, identify and mitigate risks, improve process efficiencies and improve financial and operational performance.”
PROACTIS Spend Analysis is a purpose-built solution that addresses all typical data issues and puts powerful ready-to-use analytical capabilities directly into the hands of procurement and finance professionals. It requires little IT assistance and can be delivering actionable insights in a matter of weeks.
The multi-year Spend Analysis agreement builds on the already longstanding relationship between PROACTIS and Places for People, including the automation of Accounts Payable
, Contract Management
, and Sourcing
. PROACTIS Spend Analysis will also be used by Places for People’s innovative ‘Procurement Hub’, which provides a range of free-to-join OJEU compliant frameworks designed to save customers time and money.