PROACTIS Selected for Modernisation of Barbados National Procurement System

  PROACTIS Selected for Modernisation of Barbados National Procurement System

Business Wire

WETHERBY, England -- January 17, 2013

PROACTIS, a global Spend Control and eProcurement solution provider, has
signed an agreement with The Government of Barbados to deliver its full range
of Spend Control and eProcurement software solutions as part of a
modernisation project of the Barbados National Procurement System.

The government is moving swiftly to overhaul its procurement processes - a
move that will rationalise procurement activities across departments; provide
greater clarity and transparency in procedures; ensure greater uniformity
through the use of strategic sourcing and contract management processes, and
introduce more control over daily purchase activity.

Through the partnership with PROACTIS, The Government of Barbados benefits
from access to the latest cloud-based software in which critical procurement
and purchase-to-pay systems and processes are integrated seamlessly.

Among the key benefits noted by The Government of Barbados are:

  *The ability to reduce the overall cost of purchased goods and services by:
    gaining the best possible value for everything they buy; eliminating
    unnecessary and improper purchases; ensuring only accurate invoices are
    paid; and improving the efficiency of Procurement, Accounts Payable, and
    everyone involved in the purchasing process.
  *The ability to improve financial control by: ensuring compliance with
    government policies, and maintaining clear visibility of the cost pipeline
    and its impact on budgets.
  *The ability to mitigate risk by: maintaining transparency of the sourcing
    process, properly qualifying new suppliers, and effectively monitoring
    supplier performance and compliance.

With the implementation of PROACTIS, the government's processes will become
more transparent and accountable. It will lead to the removal of inefficient
and time-consuming activities; the promotion of greater competition among
bidding companies; greater compliance; and the promotion of international best
practices in procurement activities.

"The decisive factor in the choice of PROACTIS, apart from a comprehensive
track record, was their approach of the team," explains Ms. Margaret Sivers,
Permanent Secretary, Acting, Special Projects Unit, Ministry of Finance of The
Government of Barbados. "They share our vision and we attach great importance
to the relationship with PROACTIS. They offer much more than a typical
software product. It is a combination of innovative software solutions and
well-structured services delivered by experienced professionals. This is a
complex project with a complex implementation programme so we rely on advanced
software functionality and a close and productive working relationship with
the team if we are to make this project the success we want it to be."

The Government of Barbados, through the Special Projects Unit (SPU) of the
Ministry of Finance and Economic Affairs selected PROACTIS in accordance with
the procedures set out in the Policies for the Selection and Contracting of
Suppliers Financed by the Inter-American Development Bank.

                                     ENDS

About PROACTIS

PROACTIS is a leading provider of Spend Control and eProcurement solutions.
Hundreds of organisations around the world use PROACTIS software and services
to streamline their purchase-to-pay process and obtain best value and control
in procurement.

Source-to-Contract Solutions: to help organisations to automate the full
buying cycle from improving the way they find, evaluate and engage suppliers
to increasing "on-contract" spending and enabling more effective collaboration
with their trading network.

Purchase-to-Pay Solutions: to enable organisations to streamline the
purchase-to-pay process, eliminate labour-intensive manual registration of
invoices, speed up invoice matching and approvals and gain control of
"after-the-event" purchase claims.

Widely used in mid-to-large sized organisations across private, public and
not-for-profit sectors, PROACTIS is routinely integrated with ERP and
financial systems.

For more information, visit www.proactis.com.

Contact:

PROACTIS Group Ltd
Simon Dadswell
Marketing Director
+44 (0)1937 545 070
simon.dadswell@proactis.com