SOURCE: PROACTIS

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January 30, 2017 13:31 ET

Major Retail Chain Generates $6m in Procurement Value with PROACTIS

Regional Discount General Merchandise Chain Improves Procurement Performance with PROACTIS

PHOENIX, AZ--(Marketwired - January 30, 2017) - A US-based retailer operating 650 discount general merchandise stores across the southeastern United States, has partnered with PROACTIS, a global Spend Control and eProcurement solution provider, to advance its sourcing processes and uncover new value in the way the organization purchases goods and materials.

PROACTIS is enhancing the strengths of the organization's Procurement team by offering strategic insights, access to additional viable suppliers, and manpower for administrative sourcing and supplier management tasks.

PROACTIS is providing expert Sourcing Services to uncover value across both direct and indirect categories. The approach is customized based on the discount chain's department-wide objectives and existing processes and has led to significant savings across a variety of categories, including: 33 percent on auto chemicals, 21 percent on private label coffee and creamer, and 35 percent on background checks and verification.

"Retail procurement teams are under immense pressure to deliver greater value and help their organizations compete in a crowded market," said Brian Miller, Vice President of Services at PROACTIS. "Standing out requires offering an innovative product at the right quality and price, but sourcing this combination can be complex. Leading organizations are adopting more creative solutions, such as expert sourcing services, to help them make informed business decisions, produce better results year after year and give them a strategic edge on the competition."

PROACTIS' innovative approach to sourcing has proven highly effective across all industries, no matter how complex the procurement landscape. PROACTIS works side-by-side with procurement teams and provides organizations with all the tools, processes, people and expertise necessary to foster innovation, boost efficiency and drive greater bottom-line value.

About PROACTIS

PROACTIS is a global Spend Control and eProcurement solution provider. Hundreds of organizations around the world use PROACTIS software and services to transform their procurement, purchase-to-pay and accounts payable processes to deliver greater bottom-line value.

  • PROACTIS Solutions for Finance enable organisations to streamline the purchase-to-pay process, eliminate labour-intensive manual registration of invoices, speed up invoice matching and approvals, and gain control of "after-the-event" purchase claims.
  • PROACTIS Solutions for Procurement help organisations to automate the full buying cycle from improving the way they find, evaluate and engage suppliers to increasing "on-contract" spending and enabling more effective collaboration with their trading network.

Widely used in mid-to-large sized organisations across private, public and not-for-profit sectors, PROACTIS is routinely integrated with existing ERP and financial systems.

PROACTIS was founded in 2002 and floated on the London Stock Exchange in 2006 (AIM: PHD). Headquartered in the UK with operations in North America, Benelux and Asia Pacific, PROACTIS has an extensive accredited global partner network.

For further information, visit proactis.com.

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