PROACTIS, a global Spend Control and eProcurement solution provider, today announced that a UK bank has selected PROACTIS Purchase-to-Pay (P2P)
to help improve visibility and control of non-payroll spend.
The Bank is focused on UK customers with centres of excellence in Asset Finance, Property Finance and Commercial Mortgages. They also provide competitive savings accounts to individuals and businesses.
The introduction of PROACTIS P2P will help ensure compliance with established approval policies while making it easier for the organisation to quickly get the goods and services it needs from the suppliers that deliver the best value.
The bank will join a long list of financial institutions who use PROACTIS cloud-based Spend Control and eProcurement solutions, including: Travelex (UK), Fifth Third Bank, FTSE International, Hermes Fund Managers, Ahli United Bank, Blue Cross Blue Shield of Massachusetts, Equity Insurance Group and Natixis Global Asset Management.