We have recently identified that Accounts Payable Automation tools mean your business can receive, process and pay invoices no matter where you are– particularly important in the current climate.
But once an organisation has such a framework in place – to ensure proper purchase authorisations and automated PO/invoice matching – the next big step is to give employees easy access to content (catalogues, contracts and/or supplier websites) for specific goods and services that are available from authorised suppliers.
This capability is essential to achieving a high percentage of spend under management. Employees are far more likely to buy the right item from the right supplier when it’s easier to do so than it is to buy from another source. Providing employees with the ability to search for and select the item or service that best fits their needs streamlines the purchase process for the employee and dramatically drives higher on-contract spend.
Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.
