PROACTIS Selected for Modernisation of Barbados National Procurement System
PROACTIS, a global Spend Control and eProcurement solution
provider, has signed an agreement with The Government of Barbados
to deliver its full range of Spend Control and eProcurement
software solutions as part of a modernisation project of the
Barbados National Procurement System.
The government is moving swiftly to overhaul its procurement
processes - a move that will rationalise procurement activities
across departments; provide greater clarity and transparency in
procedures; ensure greater uniformity through the use of strategic
sourcing and contract management processes, and introduce more
control over daily purchase activity.
Through the partnership with PROACTIS, The Government of
Barbados benefits from access to the latest cloud-based software in
which critical procurement and purchase-to-pay systems and
processes are integrated seamlessly.
Among the key benefits noted by The Government of Barbados
are:
- The ability to reduce the overall cost of purchased
goods and services by: gaining the best possible value for
everything they buy; eliminating unnecessary and improper
purchases; ensuring only accurate invoices are paid; and improving
the efficiency of Procurement, Accounts Payable, and everyone
involved in the purchasing process.
- The ability to improve financial control by:
ensuring compliance with government policies, and maintaining clear
visibility of the cost pipeline and its impact on budgets.
- The ability to mitigate risk by: maintaining
transparency of the sourcing process, properly qualifying new
suppliers, and effectively monitoring supplier performance and
compliance.
With the implementation of PROACTIS, the government's processes
will become more transparent and accountable. It will lead to the
removal of inefficient and time-consuming activities; the promotion
of greater competition among bidding companies; greater compliance;
and the promotion of international best practices in procurement
activities.
"The decisive factor in the choice of PROACTIS, apart from a
comprehensive track record, was their approach of the team,"
explains Ms. Margaret Sivers, Permanent Secretary, Acting,
Special Projects Unit, Ministry of Finance of The Government
of Barbados. "They share our vision and we attach great importance
to the relationship with PROACTIS. They offer much more than a
typical software product. It is a combination of innovative
software solutions and well-structured services delivered by
experienced professionals. This is a complex project with a complex
implementation programme so we rely on advanced software
functionality and a close and productive working relationship with
the team if we are to make this project the success we want it to
be."
The Government of Barbados, through the Special Projects Unit
(SPU) of the Ministry of Finance and Economic Affairs selected
PROACTIS in accordance with the procedures set out in the Policies
for the Selection and Contracting of Suppliers Financed by the
Inter-American Development Bank.
