London, UK (PRWEB) July 19, 2009
Proactis Group, the Spend Control and eProcurement software specialists, today announced the publication of a vendor report from Gartner rating Proactis as "excellent" in terms of product viability against 14 of the world's best-of-breed eProcurement vendors.
In the 'Critical Capabilities for Best-of-Breed E-Procurement Vendors' report*, industry analysts Gartner assessed the most common capabilities required by clients in an eProcurement system: Proactis scored 4 out of 5 or higher on 9 of the critical product capabilities and was awarded a rating of the full 5 out of 5 in the areas of Internal Store Support and Basic Purchasing Functionality.
Proactis Group Chief Executive Officer, Rod Jones said about the report: "We believe that Proactis' excellent rating is a further testament to why we are the world leader in Spend Control and eProcurement solutions. We feel it also confirms why there are already 300 companies around the world using Proactis to gain control and visibility of their indirect spend."
With the increase in demand for eProcurement solutions, this timely report provides a valuable tool for companies looking to control and streamline their indirect spend. They can use Gartner's assessment of the world's 14 best-of-breed vendors to evaluate and shortlist appropriate solutions for their organisation.
Rod Jones continues "Like Gartner, we have noticed a rise in companies looking at eProcurement solutions to reduce costs in what is a difficult economic period. These organisations acknowledge that the returns to be made, in terms of reduced costs, increased control and enhanced financial visibility, are well worth the initial investment, and this has been supported by our customers own ROI stories."
In the report Gartner says to "consider an investment in e-procurement for indirect spend as an effective means to cut costs both in the short term (by slowing down or redirecting spend) and in the long term (by improving compliance to strategic sourcing agreements)."
PROACTIS Spend Control solutions consist of core modules that can be used independently or delivered as one seamless integrated solution, including Purchase-to-Pay, eInvoicing, Supplier Relationship Management, eSourcing & RFx, Contract Management and Catalogue Management.
To access a complimentary copy of the Gartner report, visit our website.
*Critical Capabilities for Best of Breed E-Procurement Vendors, Debbie Wilson, June 8, 2009
ABOUT PROACTIS GROUP
Proactis Group is the world leader in the development of Spend Control and eProcurement software applications. The PROACTIS suite of products, which includes Purchase-to-Pay and Strategic Procurement solutions, is used by mid-to-large sized businesses across the Private, Public and NfP sectors to reduce costs, improve control and make the cost base more transparent.
Proactis Group was founded in 1996 in the United Kingdom by experienced pioneers of the financial software industry. They spotted a gap in the market for specialist Spend Control software capable of being deployed alongside an organisation's existing financial or ERP platform.
The company floated on the London Stock Exchange in 2006 (AIM: phd) and today has over 300 clients in more than 70 countries around the world, supported by a network of partners which includes some of the world's leading software resellers, consulting firms and systems integrators.
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