PROACTIS’ New Cloud Spend Analysis Solution Delivers Actionable Insight for Bauer Media Group
July 01 2015 - 10:49AM
Business Wire
PROACTIS, a global Spend Control and eProcurement solution
provider, today announced the launch of PROACTIS Spend Analysis, an
on-demand cloud spend analysis solution developed specifically to
help executives achieve greater insight into organisation-wide
compliance, risk, KPIs and other external factors that affect
expenditure. The first customer to benefit from the solution is
Bauer Media Group, Europe’s largest privately owned publishing
group.
“Organisations are being confused by complex and unwieldy BI and
Spend Analytics tools,” said Rod Jones, CEO, PROACTIS.
“Old-fashioned tools require data experts to drive BI and build
spend reports for management. Today, spend data needs to be rapid
or it becomes irrelevant to decision-making. Users expect accurate
data at their fingertips, and legacy BI doesn’t deliver this.”
“The new PROACTIS Spend Analysis solution exploits the latest
cloud technologies to provide on-demand visibility of total
combined spend; automatically classified and enriched. Analytics
delivered through intelligent dashboards enable ‘slice and dice’
capability displayed on mobile devices. Customisable alerts enable
users to identify where money is spent, negotiate better contracts
with suppliers, and rein in maverick spending with confidence”
continued Rod.
PROACTIS Spend Analysis developed on Microsoft Azure technology
with NOSQL, provides a SaaS suite of solutions that can run 24/7.
Functionality includes: Spend Data Repository, Spend Data
Enrichment, Spend Analysis, Supplier Analysis, Compliance KPIs,
Spend Notifications and Alerts.
Max Beddard, CFO at H Bauer, said "I can see using PROACTIS
Spend Analysis will give immediate insights and visibility across
our company-wide SAP and PROACTIS P2P solutions which will enable
us to track our expenditure, fix issues, manage our processes and
set priorities that will give us real benefits. The PROACTIS Spend
Analysis solution delivers analytics from ‘live data’ enabling us
to categorise spend and identify purchasing behaviours which will
create savings. We are looking forward to the imminent release of
‘predictive’ analytics, which will potentially revolutionise the
way we behave.”
The PROACTIS Spend Analysis solution will help Bauer Media
to:
- Assess the company’s total combined
spend and drill down to category, cost-centre, and invoice-level
data
- Monitor largest categories of spend or
areas where the largest savings can be most easily or quickly
realised
- Spot trends across categories over time
to discover and control maverick, off-contract, and non-PO-based
spending
- Gain deeper insight into the supplier
base, find sourcing opportunities within existing relationships,
and identify risks in the supply base
- Monitor and analyse all transactions
processed through AP
- Obtain actionable insight from
customisable KPI notifications
PROACTIS Spend Analysis Solution Available On-Demand
The PROACTIS Spend Analysis solution enables customers to
rapidly upload data from Accounts Payable, Purchase-to-Pay (P2P)
and other ERP systems directly into the PROACTIS Cloud processing
engine. There are no barriers on data size or complexity.
Data is automatically cleansed, normalised and enriched into a
repository with variable customisable data sources to ensure data
accuracy and high-quality. Categories of spend are classified
automatically and company-specific taxonomies can be adopted.
Data is refreshed near/real-time with slicing, dicing, viewing,
filtering, visualisation, and analysis of data on-demand.
The new PROACTIS Spend Analysis solution provides a unique focus
into corporate spending.
Partnering with PROACTIS
PROACTIS are now seeking partners who are either active in this
market or wish to build a practice in selling and supporting Spend
Analysis.
Marketing Contact – Simon DadswellM: 078185 79013, T: 01937
800077E: simon.dadswell@proactis.com
Partner Contact - Richard NorthcoteM: 07890 963032E:
richard.northcote@proactis.com
-ENDS-
About PROACTIS
PROACTIS is a global provider of Spend Control and eProcurement
solutions that help hundreds of organisations around the world to
better control expenditure on all goods and services.
- Source-to-Contract: Increase
procurement capacity to create value and reduce risk
- Purchase-to-Pay: Improve control
and visibility of organisation-wide spend
- Supplier Commerce: Streamline
supplier interaction and collaboration
In particular, our solutions are proven to help organisations
improve bottom-line results in 4 distinct ways:
- Savings from reduced cost of purchased
goods & services
- Savings from increased procurement
leverage
- Savings from process efficiencies
- Savings from mitigated risk
Find out more at proactis.com.
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PROACTISSimon Dadswell+44 (0)1937 545
070simon.dadswell@proactis.com
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