Case Study: Midwest-Based Financial Services Company achieves 80%+ spend under management with Proactis

Midwest-based Financial Services company achieves over 80% of spend under management with Proactis

Midwest-Based Financial Service Company, a large regional money manager operating across 1,200+ locations, faced inconsistent processes after multiple acquisitions that left spend uncontrolled, visibility limited and regulatory compliance at risk. To centralize procurement, increase spend under management and minimize disruption, the organization selected Proactis and its Purchase-to-Pay solution.

Proactis implemented an automated, organization-wide P2P platform integrated with the finance system—adding invoice tracking, standardized authorizations, enforced contract use, pre-purchase approvals and budget checks—so staff can quickly buy from approved suppliers. The Proactis deployment drove process transformation, improved regulatory compliance and put the company on target for 80%+ spend under management.