Did you know that it takes a 10 per cent increase in revenues to achieve a 20 per cent increase in earnings per share, whereas it only takes a 1 per cent decrease in operating costs to gain the same result*.
That means that by focusing on your outgoings, you can have an easier journey to increased profitability.
Having an effective Procurement strategy is the first step in this journey – and having the right tools at your disposal is crucial. The right eProcurement software will allow you to control the entire purchasing process, providing complete visibility.
PROACTIS is a highly integrated, yet modular, eProcurement and Spend Control solution.
Specifically, this software solution can:
- Reduce the overall cost of purchased goods and services by:
- Gaining the best possible value for everything you buy.
- Eliminating unnecessary and improper purchases.
- Ensuring only accurate invoices are paid.
- Improving the efficiency of Procurement, Accounts Payable, and everyone involved in the purchasing process.
- Improve financial control by:
- Ensuring compliance with corporate policies.
- Maintaining clear visibility of the cost pipeline and its impact on budgets.
- Mitigate risk by:
- Maintaining transparency in the sourcing process.
- Properly qualifying new suppliers.
- Effectively monitoring supplier performance and compliance.
*Source: Triple Tree