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RNS Number : 0302C
PROACTIS Holdings PLC
13 October 2015
For immediate release 13 October 2015
PROACTIS Holdings PLC
Screwfix adopts the PROACTIS Supplier Network
PROACTIS, a global Spend Control and eProcurement solution
provider, is pleased to announce that Screwfix has selected the
PROACTIS Supplier Network technology to improve the efficiency of
trading with its suppliers through streamlined invoice handling and
web-based supplier interaction.
Paper form purchase invoices will continue to be processed
through the existing managed service agreement while suppliers will
be engaged and encouraged to drive more electronic invoicing
through a joint, structured approach using the PROACTIS Supplier
Network technology which offers:
- A full range of electronic invoice methods for all suppliers
to adopt, increasing Screwfix's and their own efficiency by
streamlining invoice handling;
- An online communication and status visibility built in
throughout the process to efficiently involve suppliers on a
self-service basis to streamline communication; and
- An optional Accelerated Payment Facility ("APF"), enabling
suppliers fast access to an early payment to support their own
economic situation, whether that be to fund growth or manage cash
flow.
Screwfix is the UK's largest multi-channel retailer of trade
tools, accessories and hardware products and is part of Kingfisher
plc. It has over 2,000 active suppliers and has an annual bought in
spend of over half a billion pounds per annum.
Paul Roy, Director of Operational Finance at Screwfix,
commented:
"The existing PROACTIS solution has already delivered tangible
savings for Screwfix. The industry recognition it has also received
pays testament to the close and successful working relationship.
The PROACTIS Supplier Network will introduce advancements that we
are very excited about including a platform that will deliver
efficiency improvements, advanced supplier collaboration and
innovative invoicing technologies."
Rod Jones, Chief Executive at PROACTIS, commented:
"Screwfix is a rapidly growing organisation with a highly
diverse supply chain and represents exactly the type of customer
that will benefit from our supplier network technology. I'm
absolutely delighted that Screwfix have recognised that the
framework of advanced technologies and managed services that we
provide can assist them in improving the efficiency of their
supplier interaction and reduce complexity and cost of their
purchasing processes whilst providing value to their
suppliers."
Enquiries:
PROACTIS Holdings PLC
Rod Jones, Chief Executive Via Redleaf Communications
Officer
Tim Sykes, Chief Financial
Officer
Redleaf Communications
Rebecca Sanders-Hewett 0207 382 4730
Harriet Lynch PROACTIS@redleafpr.com
finnCap Limited 0207 220 0500
Stuart Andrews
Carl Holmes
Screwfix
Kim McDonald 01935 401601 kim.mcdonald@screwfix.com
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 is
used in approximately 500 organisations around the world from the
commercial, public and not-for-profit sectors.
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.
CLOUD COMPUTING is defined as location-independent computing,
whereby shared servers provide resources, software, and data to
computers and other devices on demand, as with the electricity
grid.
About Screwfix:
-- Screwfix is part of Kingfisher plc, an international home
improvement company which operates nearly 1,200 stores in 10
countries in Europe. Its main brands are B&Q, Castorama, Brico
Dépôt and Screwfix. Kingfisher also operates the Koçta joint
venture in Turkey. For further information go to
www.kingfisher.com
-- Screwfix is recognised as being "where the trade buys" offering a straightforward and transparently-priced retail experience that enables busy tradesmen to shop 23,000 products over the phone, online, via their mobile or from their local store.
-- From power tools and workwear to cables and pipe fittings,
more than 11,000 products are available to pick up from the
national network of 412 stores. A further range of over 10,000
products can be ordered over the phone, online or from a local
store for next day delivery, with orders taken up until 7pm to home
or site.
-- Screwfix.com attracts 2 million unique visitors per week and
the Screwfix Click & Collect service means customers can
conveniently purchase supplies online (or over the phone) and then
collect from store just five minutes later.
-- Customers can call the UK-based Screwfix Contact Centre 24
hours a day, 7 days a week (including bank holidays) on 0500 41 41
41, or on the mobile-friendly 03330 112 112.
-- All 412 stores are open 7 days a week and from 7am Monday to Friday.
-- 9 out of 10 customers would recommend Screwfix to a friend.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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