Leading Brokerage Firm Goes Live with PROACTIS for Invoice Automation
PROACTIS, a global Spend Control & eProcurement solution
provider, today announced that a leading brokerage firm of
financial and non-financial products has selected and gone live
with its Invoice Automation solution. The key objective was to
provide Finance with an automated system to create consolidated
information and common processes for Accounts Payable.
The client has offices in the world's major financial centres
and covers global foreign exchange, commodity, equity, freight,
precious metals, property and pulp & paper markets. It also
provides back office functions for numerous organisational
entities.
PROACTIS was selected to improve invoice processing:
- Automate the workflow for approvals and authorisations
- Improve reporting on suppliers by providing reliable and
consistent information
- Improve efficiency by automating the process and the posting of
journals entries to the GL
- Improve control framework by automating and tracking
approvals
Simon Dadswell, Marketing Director of PROACTIS, said: "PROACTIS
Invoice Automation ensures full control over the invoice handling
process, workflows, rights and business rules. We have delivered a
faster standard process for all invoices and the registration of
new suppliers. The results are improved cash flow and efficient
data access."
PROACTIS cloud-based invoice automation software solutions enable
organisations to streamline their financial processes to gain full
visibility, compliance and control over spend, while increase
operational efficiency and reduce costs.
