Xchanging, the global business processor has selected PROACTIS (LSE:PHD) Purchase-to-Pay to manage indirect procurement worldwide for one of its blue chip clients – a global HR outsourcing company.
Founded in 1999, Xchanging is a fast-growing global business processor with close to 9,000 employees. The company delivers complex, large scale processing and technology services to blue chip customers in 42 countries. This includes industry specific processing services to the banking and insurance industries as well as procurement, finance and accounting, and human resources services across industries.
Identified by Everest Research Institute as a tier one procurement services provider, its Procurement Services Division offers the complete suite of procurement solutions from sourcing and spend management to Procure-to-Pay, handling over €1bn spend per year.
After being selected by a global HR outsourcing company to manage its indirect procurement, Xchanging set out to find a Purchase-to-Pay system that would run alongside the client’s finance system and could be quickly deployed in all their offices worldwide.
They shortlisted three solutions, including PROACTIS. Head of Service Delivery at Xchanging, Patricia Dreghorn, says: “After undertaking a formal evaluation process, we are confident that the PROACTIS solution meets all of our requirements. PROACTIS’ impressive track record and strong reputation amongst users was a decisive factor for us.”
The PROACTIS solution will be used to ensure that all purchases are made through pre-negotiated contracts and best value is achieved. It will also provide visibility of all committed spend at the point of purchase which will enable better management of budgets. The hosted solution will be rolled-out across the entire customer organisation, which is made up of over 20 locations worldwide.
Mark McCarthy, PROACTIS Sales Director commented: “We are delighted to be working with Xchanging and their customer on this international project. PROACTIS is designed for multi-currency, multi-language, multi-country and multi-site operations and can be easily deployed in complex IT architectures and business structures, so is well-suited to this type of global business.”
Patricia adds: “We are confident that with PROACTIS, our customer will be able to realise the benefits of the Purchase-to-Pay system immediately. We have the opportunity to extend the benefits of this system to our other customers as well. At Xchanging, we are constantly looking at innovative means to enhance the value we provide to our customers, so we definitely see potential to work with PROACTIS on future customer projects too.”
Source : http://www.benzinga.com/press-releases/b60668/global-business-processor-xchanging-selects-proactis-spend-control
