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Commercial real estate company improves supplier lifecycle management with Proactis
03 September 2018
- Proactis, the global spend management and B2B eCommerce company, today announced that commercial real estate company specialising in the purpose built accommodation sector has implemented
Proactis Supplier Management
to enhance its supplier relationship and performance management processes.
In using Proactis, the company can obtain a comprehensive supplier directory for all existing standard and exempt suppliers with web-based tools that support the full supplier lifecycle process: supplier recruitment, qualification, adoption and appraisal. The solution, which collates and manages critical supplier and finance information, such as bank details, directly from its many suppliers, integrates seamlessly with the group’s finance system for bank and payment details.
As a property management firm, with repairs, rebuilds, maintenance and insurance, quality supplier information and accreditations are vitally important and must be maintained efficiently, ideally with a single point of reference, to improve performance and mitigate risk. Proactis provides a single version of the truth of supplier information - their goods, services, locations, certifications, specialties and contacts.
The company is now able to send out request forms to all suppliers to collate and manage critical information centrally in their property management portfolio. Suppliers are made available to key systems automatically, providing the necessary visibility to improve supplier relationships and reduce supplier risk while dramatically reducing administrative effort.
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