National Bank Launches Verian Purchase-to-Pay Solution for Complete Spend Management

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Innovative bank goes live with Verian’s purchasing, invoicing, inventory and asset management modules for total understanding of spending across all branches.

We look forward to the bank’s transformation as they leverage Verian’s capabilities.

National bank recently went live with the Verian purchase-to-pay suite to capture all spending details across the organization for a more strategic approach to understanding and controlling costs. The implementation included Verian Purchase Manager, Invoice Manager, Inventory Manager and Asset Manager.

These modules enable the bank to see all purchases at headquarters and branches, automate spend authorizations, and enforce internal spending controls across their entire enterprise.

The bank benefits through

  • Increased savings by leveraging aggregated spend to consolidate suppliers, and taking advantage of volume discounts and negotiate better contracts
  • Optimized inventory by using items in stock and never overbuying supplies
  • Buying smarter through understanding true total cost of ownership of capital items
  • Mitigating risk by enforcing controls and ensuring regulatory compliance

“Verian is very excited to welcome this new customer to the cloud,” said Tehseen Ali Dahya, President and CEO of Verian. “We look forward to the bank’s transformation as they leverage Verian’s capabilities.”

To learn more about Verian’s dedicated solutions for commercial banking, download our on-demand webinar: eProcurment and Commercial Banking: How to Get all Branches on the Same Page.

About Verian
At Verian, we work with many financial services organizations to bring complex and diversified pockets of indirect spend under management with our easy-to-use purchasing system. We automate manual and outdated purchasing and invoice approval processes and are repeatedly recognized for rapid implementation and ROI coupled with high user adoption. More information about Verian’s specialized purchase-to-pay suite for banks, credit unions, insurance companies, and other financial services organizations is available by visiting the Financial Services page on Verian’s website.

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Kali Keesee
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