Part 1 of this blog series introduced PROACTIS, a UK- and US-based specialist vendor of spend control and e-procurement solutions with accredited partners worldwide. I had the chance to meet the company during my attendance of UNIT4’s UK user event in early 2010, where PROACTIS was an exhibiting partner.
The article then expanded on the company’s history, its procure-to-pay
accounting software solution for extraction industry
the proportion of suppliers accounting for 80 percent of spend, the top (strategic) suppliers, the average invoice value by category, etc. After this analysis, the goal is to identify potential benefits and propose a strategy, such as, e.g., contract and category target savings, consolidation (shared services) savings, which smaller suppliers should move to purchasing cards (from time-consuming paper documents), identification of risk (key suppliers), identification of the cost-reducing techniques and