All businesses need to purchase goods to meet their day-to-day needs. If you do not have a formal purchasing process in place, you may be spending more than you need to procure items and services. How you develop your purchasing process will significantly affect your business; not just when managing costs and expenses but also your overall efficiency. By creating procurement policies and automating your Purchase-to-Pay (P2P) process you keep your business from unwanted costs, maverick spending and limited spend visibility.
What is the purchasing process?
keep your business from unwanted costs, maverick spending and limited spend visibility.
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.