Spend Management solutions and tools for Financial Services

Customer expectations of financial services are changing, mainly due to digitization

Strong competition, stricter regulations and corporate governance requirements are daily realities for financial services organizations, while speed, accuracy and performance is essential for success.

Financial services companies often take an entrepreneurial and dynamic approach to purchasing, yet sometimes miss out on major strategic rewards.
 
A lack of real-time data for spend analysis means banks and others can fail to spot opportunities to take advantage of purchasing trends, manage suppliers better and improve sourcing – on everything from office and IT supplies to building maintenance.
 
While companies understand the value of risk management and the threat of fines, they don't always see serious vulnerabilities that exist within their supplier base – or know how to manage due diligence across thousands of suppliers, categories and countries.
 
Organizational challenges can flare up too. Mergers, acquisitions and the separation of some retail and investment operations – ordered by regulators – can cause problems when disparate teams, legacy systems and data fail to fit the new shape of an organization.

Taking spend management to the next level

Recognize and seize opportunities that others miss – transform the way you source, purchase and pay for all types of goods and services.
 
With Proactis, you can use new capabilities to further reduce cost and risk, and to ensure regulatory compliance in the way you buy everything from office and IT supplies to temporary staffing. You can streamline the way you interact with your supplier base and you can use supporting technology frameworks with the flexibility to smoothly evolve with inevitable organizational and regulatory change over time.