• e-Procurement Consultancy

Spend Control

Spend Control Saves £Millions

Have you ever wondered why managing and controlling the expenditure cycle in many companies remains a huge black hole, despite heavy investment in ERP, purchasing and accounting software?

In a recent European survey, almost 50% of companies reported ineffective and inaccurate internal processing in the procure-to-pay cycle as the cause of control weaknesses resulting in overpayments, lost discounts, overspending, even though 70% of Accounts Payable time was spent trying to reconcile the problem invoices.

64% of companies in the survey felt that improved use of workflow was crucial to their strategy to improve their cost effectiveness.

The true cost of these common problems is £millions, even for single site businesses.

World Leadership

In 1996, Kevin McCarthy designed the original PROACTIS product and set up the company, which he ran for the next seven years. Creating a best-of-breed product to control expenditure required in-depth knowledge of procurement and finance systems and their users. Early users to reap the benefits included public and private sector businesses.

In 2009, Gartner Group, the independent world authority on the relative merits of business software, acknowledged that UK software house PROACTIS now provides the world’s leading systems for Procurement and Spend Control.

PROACTIS customers have saved themselves £millions.

Its market leadership is not just because PROACTIS makes it easier to purchase the right goods at the right time. It has the finest Spend Control systems enabling management to ensure that all purchases conform to business requirements.

The reality is that few systems achieve all the desired objectives.

PROACTIS helps mid-to-large sized organisations to streamline and control every phase of the expenditure cycle in 70 different countries.

Thanks to its highly modular plug-and-play design, PROACTIS users can deploy individual modules, integrated with existing procurement or financial management software, or multiple PROACTIS applications to provide an end-to-end eProcurement platform.

Summary

Built from extensive real world experience using today’s most advanced and reliable software technologies, PROACTIS offers:

• Automation and Management of each stage of the Procure-to-Pay cycle
• Multi-level Budgetary Control
• Simplification and Control of Employee Expenses
• Seamless integration with existing systems or modules from other vendors
• Fully internationalised – multi-currency, multi-company and multi-language
• Proven implementation methodologies and a network of PROACTIS consultants
• Over 350 successful Spend Control and eProcurement projects
• Flexible licensing
• Deployment options to fit any organisation and business model
• Proven, easy-to-use Microsoft technology

For more details of PROACTIS or for a copy of the survey, see www.proactis.com.