PROACTIS Holdings PLC 3 Year Contract with Global Financial Institution
April 10 2013 - 2:00AM
RNS Non-Regulatory
TIDMPHD
PROACTIS Holdings PLC
10 April 2013
Date: 10 April 2013
On behalf of: PROACTIS Holdings PLC ("Proactis" the "Company"
or "the Group")
Embargoed until: 0700hrs
PROACTIS Holdings PLC
Three Year contract with a Global Financial Institution
PROACTIS Holdings PLC ("PROACTIS", the "Group" or the
"Company"), a global Spend Control and eProcurement solution
provider, today announces a further order against an initial three
year contract with a global financial institution which brings the
institution's total investment in PROACTIS' software and
consultancy to over $2million.
The initial three year contract for PROACTIS' cloud based
procurement software solutions commenced in 2011. The total
contract value has since increased through upsell orders for
additional software capability and access to PROACTIS' procurement
consultancy expertise to extend the organisation's Spend Control
processes and increase levels of spend under management through
increased user numbers and categories of spend.
Rod Jones, CEO of PROACTIS, commented:
"I am delighted to announce this milestone which is testament to
our expertise in understanding the spend control and procurement
needs of large, complex organisations. This extended contract
clearly demonstrates our strong reputation of providing a tangible
return on investment for global companies from day one."
End
For further information, please contact:
PROACTIS Holdings PLC
Rod Jones, Chief Executive Officer Via Redleaf Polhill
Tim Sykes, Chief Financial Office
Redleaf Polhill
Rebecca Sanders-Hewett /Jenny Bahr 0207 382 4730
finnCap Limited
Charlotte Stranner 0207 220 0500
Notes to Editors:
PROACTIS is a leading provider of Spend Control and eProcurement
solutions. Hundreds of organisations around the world use PROACTIS
software and services to streamline and automate processes and
obtain best value and control in procurement.
Source-to-contract solutions: 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: 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 the "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
cloud-based delivery options, including Software-as-a-Service
("SaaS") and dedicated-hosted application delivery, and flexible
licensing models.
PROACTIS was founded in 1996 and has been listed on the London
Stock Exchange since 2006 (AIM: phd). Headquartered in the UK with
direct operations in Europe, North America, and Asia Pacific,
PROACTIS also has an extensive global partner network.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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