PROACTIS Holdings PLC Agreement with Flintshire County Council (2693U)
April 06 2016 - 2:00AM
UK Regulatory
TIDMPHD
RNS Number : 2693U
PROACTIS Holdings PLC
06 April 2016
Date: 6 April 2016
On behalf of: PROACTIS Holdings PLC ("Proactis"
the "Company" or "the Group")
Embargoed until: 0700hrs
PROACTIS Holdings PLC
Agreement with Flintshire County Council
PROACTIS Holdings PLC ("PROACTIS", the "Group" or the
"Company"), the global specialist Spend Control and eProcurement
solution provider, is pleased to announce that Flintshire County
Council ("FCC") has selected the PROACTIS Supplier Network to
streamline electronic communications across its supply chain and
offer an accelerated payment facility.
FCC and PROACTIS (together, the "Parties") have entered into a
series of agreements that will extend the current contracted
relationship for the provision of PROACTIS' software suite for a
further five years to March 2021 and will also to utilise PROACTIS'
Supplier Network technology to:
- Automate the processes of supplier engagement and record
management through a self-service portal;
- Enable all suppliers to transact electronically with a full
range of electronic invoice methods for all suppliers to adopt,
increasing FCC's and the supplier's own efficiency by streamlining
invoice handling;
- Present online transaction status visibility throughout the
process to efficiently involve suppliers on a self-service basis to
streamline communication; and
- Offer, subject to contract and certain internal consents, a
flexible Accelerated Payment Facility which enables suppliers, on
an invoice by invoice basis, to support their own economic
situation with fast access to an early payment.
FCC has over 4,000 suppliers and has annual bought in spend of
approximately GBP130 million.
Leader of Flintshire County Council and Cabinet Member of
Finance, Aaron Shotton, said:
"The existing PROACTIS arrangement has already delivered
tangible savings for the FCC. We are now adopting the PROACTIS
Supplier Network which we hope will provide a wide range of
electronic connectivity options to streamline our supplier
relationships. We look forward to seeing the potential benefits and
passing those benefits onto our suppliers as well as the
opportunities to accelerate payment and expand sales with other
customers."
Rod Jones, Chief Executive at PROACTIS, commented:
"This agreement further endorses the Group's supplier networking
strategy. FCC is a long standing and valued client with a forward
thinking attitude to the use of technology to improve the
efficiency of its supplier interaction. I am delighted that FCC has
re-committed to PROACTIS' technology for a further five years and
is deploying the PROACTIS Supplier Network for further strategic
benefit. The PROACTIS Supplier Network will provide a frictionless
method of communication that enables FCC and its suppliers to
streamline business processes, improve information quality, reduce
administrative costs and provide new commercial opportunities."
End
For further information, please contact:
PROACTIS Holdings PLC
Rod Jones, Chief Executive Via Redleaf Communications
Officer
Tim Sykes, Chief Financial
Officer
Redleaf Communications
Rebecca Sanders-Hewett
Sarah Fabietti
Harriet Lynch 0207 382 4730
finnCap Limited
Stuart Andrews 0207 220 0500
Carl Holmes
Emily Watts
Notes to Editors:
PROACTIS creates, sells and maintains specialist software which
enables organisations to streamline, control and monitor all
internal and external expenditure, other than payroll. PROACTIS'
solutions are used in over 800 organisations around the world from
the commercial, public and not-for-profit sectors. It is the
largest independent eProcurement solution provider to the UK Public
Sector.
PROACTIS is head quartered in Wetherby, West Yorkshire. It
develops its own software using an in-house team of developers and
sells through both direct and indirect channels via a number of
Accredited Channel Partners.
PROACTIS floated on the AIM market of the London Stock Exchange
in June 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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