Proactis, the spend management experts, has revealed that it is working with the University of Essex to streamline purchasing and invoicing processes, to drive extra value and improve efficiency.
“The process of manually managing purchase invoices and exceptions was very resource-intensive,” stated Philip Sweeting, Head of Procurement at the University of Essex. “We have 300 people around the University who are able to raise orders, invoices were not received and registered centrally and they were often received in departments with no PO number. Not only did this lead to suppliers sometimes being paid late, but there was no transparency of our financial commitments.”
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.