BDO LLP Selects PROACTIS Cloud-Based eProcurement Solution

The world’s fifth largest accountancy firm initiates project to automate its purchase-to-pay processes with PROACTIS cloud eProcurement

WETHERBY, England--(BUSINESS WIRE)--News Facts

“PROACTIS will enable us to significantly reduce the amount of time and effort that staff spend processing invoices. That means their time can be better used on value-add activities that will alleviate the administrative workload from partners and fee earners.”

• PROACTIS, the spend control and eProcurement specialist, today announced that BDO LLP has initiated a project to automate its purchase-to-pay processes with a cloud eProcurement solution from PROACTIS.
• BDO LLP is the award-winning UK member firm of the BDO international network, the world’s fifth largest accountancy firm, with more than 1,000 offices in over 100 countries.
• With an indirect spend of £70m per year, BDO LLP will use PROACTIS to rationalise and streamline the whole purchasing process under one system and improve the tracking and accounting of purchases.
• The cloud-based system will ultimately provide real-time visibility of commitments and the ability to forecast payment values and better manage budgets.
• The accountancy firm will also use the eProcurement solution to achieve operational advantages in Accounts Payable by streamlining the receipt of invoices and allowing for proper matching of purchase orders, receipts and invoices.
• The PROACTIS cloud eProcurement solution will be implemented across 13 regional offices and integrated to BDO’s PeopleSoft ERP to reduce processing costs.

Supporting Quotes

• Judith Songhurst, Transaction Processing Manager at BDO: “PROACTIS will enable us to significantly reduce the amount of time and effort that staff spend processing invoices. That means their time can be better used on value-add activities that will alleviate the administrative workload from partners and fee earners.”
• “Also, by channelling our goods and services spend through PROACTIS, we will gain cost savings from the improved compliance with negotiated contracts and the reduced time taken to authorise and process orders. It will also mean will have full auditability and visibility of our cost pipeline” added Songhurst.

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About PROACTIS

PROACTIS is a leading provider of spend control and eProcurement solutions. Hundreds of organisations around the world use PROACTIS software and services to streamline their purchase-to-pay process and obtain best value and control in procurement.

• Procurement Solutions: to help organisations to automate the full buying cycle from improving the way they find, evaluate and engage suppliers to increasing "on-contract" spending and enabling more effective collaboration with their trading network.
• Purchase-to-Pay Solutions: to enable organisations to streamline the purchase-to-pay process, eliminate labour-intensive manual registration of invoices, speed up invoice matching and approvals and gain control of "after-the-event" purchase claims.

Widely used in mid-to-large sized organisations across private, public and not-for-profit sectors, PROACTIS is routinely integrated with ERP and financial systems. PROACTIS also offers a range of on-premise and cloud-based delivery options, including Software-as-a-Service (SaaS) and dedicated-hosted application delivery, and flexible licensing models.

PROACTIS Group was founded in 1996 and has been listed on the London Stock Exchange since 2006 (LSE:PHD). Headquartered in the UK with operations in North America, PROACTIS has an extensive accredited partner network in EMEA, USA and APAC regions. For further information, visit www.proactis.co.uk.