Case Study: Leading Financial Services Provider achieves streamlined procurement and 20% total spend reduction with Proactis

Financial Services provider streamlines procurement and reduces total spend by 20%

Leading Financial Service Provider faced poor spend visibility, widespread off‑contract buying and paper‑based invoice processes that undermined cost control and compliance. To address this, they engaged Proactis to provide an enterprise‑wide eProcurement solution plus Proactis sourcing and spend‑analytics tools to centralize purchasing and enforce on‑contract buying.

Proactis implemented the eProcurement and analytics solution across multiple locations (1,200 users, 1,000+ suppliers), automated Procure‑to‑Pay workflows and tightened supplier management. Within nine months Proactis helped the customer reduce total spend by 20%, cut cost of goods by 10–20%, substantially lower supplier invoicing errors and free the procurement team to focus on higher‑value activities.