What is your strategy to improve business profitability? Hint: eProcurement!

Let’s face it, the profitability of your business is one of the most important elements to focus on – but are you increasing your profitability the right way?

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

View the PROACTIS Guide to Identify Savings Opportunities White Paper >>