P&O Ferrymasters Selects PROACTIS Supplier Network

PROACTIS, a global Spend Control and eProcurement solution provider, today announced P&O Ferrymasters (POFM) has selected the PROACTIS Supplier Network to streamline electronic communications across its supply chain and offer an accelerated payment facility.
POFM and PROACTIS have entered into a Partnership Agreement that will extend the current contracted relationship for the provision of PROACTIS' solutions for a further five years to June 2021 and also to utilise PROACTIS' Supplier Network technology to: 
  • Automate the processes of supplier engagement and record management through a self-service portal
  • Enable all suppliers to transact electronically with a full range of electronic invoice methods for all suppliers to adopt, increasing POFM's and their own efficiency by streamlining invoice handling
  • Present online transaction status visibility throughout the process to efficiently involve suppliers on a self-service basis to streamline communication
  • Offer a flexible Accelerated Payment Facility which enables suppliers, on an invoice by invoice basis, to support their own economic situation with fast access to an early payment
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