Being able to react quickly gives companies a major advantage.
Recently, companies and their Finance and Procurement departments all over the world have been forced to change and adapt. And some companies have been better placed to do so.
Some companies have been able to change their processes, and supply chains, to make ventilators, protective masks and gowns. For example, Proactis customer Honeywell expanded its production at the aerospace facility to manufacture N95 masks for Covid-19 protection. And other institutions, such as the University of Sussex, have been able to embrace technology to ensure they can keep functioning and, in this example, delivering higher education.
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.