European Utilities Company Selects PROACTIS Purchase-to-Pay & Contract Management

News Facts

PROACTIS, the Spend Control and eProcurement specialist, today announced a major European utilities company has selected the PROACTIS eProcurement solution to streamline the purchasing process and improve contract compliance.
The European utilities company wants to drive process improvements and develop a new purchasing and financial model based on best practice. The PROACTIS solution was selected against tier-1 ERP rivals as it delivers all the functionality and flexibility to closely manage performance organisation-wide.
PROACTIS Purchase-to-Pay will be used to manage the complete buying cycle - from expression of need to approval of payment - in a consistent and fully transparent process. The solution simplifies the day-to-day purchasing process while ensuring compliance with all sourcing, authorisation, and financial controls.
PROACTIS Contract Management will be used in conjunction with Purchase-to-Pay to realise full benefits from supplier contracts; providing clear visibility to purchasers and enabling key dates, events and service level agreements (SLAs) to be effectively managed.

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