Real estate firm are now in control with Proactis eProcurement

CBRE is the world’s largest commercial real estate services firm. The company has over 30,000 employees and serves real estate owners, investors and occupiers through more than 300 offices worldwide.

CBRE faced a number of challenges which led to its selection of PROACTIS eProcurement; the need to operate their investments to maximise long term value and reduce exposure to risk and financial shortfalls.

PROACTIS has proven to be the solution of choice for CBRE because it offers visibility of exactly what they’re doing with their suppliers – what they’re buying, how much they’re spending, delivery performance etc. That’s enabling CBRE to pro-actively identify and resolve issues, and to work towards obtaining even better value with their contracts.

In addition, CBRE is now able to receive a high percentage of invoices electronically. That plus the use of purchase order matching and workflow to verify service delivery by the originator, has greatly reduced paper based processing and enabled the AP department to significantly increase control of the payment process.

Click here to view an interview with Matthew Burnham, COO, CBRE Property & Asset Management >>