Global Financial Organisation Signs Five-Year Subscription Deal for PROACTIS Purchase-to-Pay & Invoice Management

PROACTIS, a global Spend Control and eProcurement solution provider, today announced it has signed a five-year subscription agreement with a global financial organisation for the PROACTIS Purchase-to-Pay (P2P) platform and a fully managed service for Invoice Document and Data Capture.
The organisation, which provides financial services for millions of customers across over 50 countries, had largely manual and paper-based processes for buying goods and services. They recognised an opportunity to increase efficiency in their purchase-to-pay process and went out to market for a best-in-class eProcurement solution that they could initially deploy across their UK and North American operations, and ultimately worldwide to Asia Pacific, Europe, Africa and the Middle East.
After a detailed evaluation, PROACTIS was selected as its solution clearly had the capabilities needed to support the organisation’s multi-business unit requirements, a proven track record in global eProcurement implementations, and integration to their finance system, CODA-Financials.
The PROACTIS P2P cloud platform facilitates a consistent and structured purchase-to-pay process that guides employees to the right suppliers, provides immediate cost base visibility, and automates key procedures to deliver savings in the form of reduced overall cost of purchased goods and services, as well as increased process efficiencies.
As well as increasing efficiency upstream in how goods and services are purchased, the PROACTIS Invoice Managed Service will deliver a range of operational and strategic benefits both for the customer and its suppliers by reducing manual activities, streamlining invoice processing cycle times, and decreasing costs.
The organisation will also be using PROACTIS Employee Expenses to gain control of “after-the-event” purchase claims for over 2,000 staff. It will allow employees to easily submit and track progress of their expense claims, whilst minimising the expense authorisation process for Management and Accounts Payable
Stay Updated
Keep up to date with PROACTIS news, events and best practice