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Proactis signs agreement with Inspired Capital

Thursday 26 February 2015 09:08 CET | News

Proactis, a global spend control and e-procurement solution provider, has signed a collaboration agreement with Inspired Capital (Inspired), a provider of financial solutions to SMEs, to develop an accelerated payment facility (APF) for UK SMEs.

Proactiss e-procurement platform, a Global Trading Network (GTN) that enables collaborative electronic trading between buyers and suppliers, will underpin the newly developed APF and Inspired will enhance the settlement of suppliers pre-qualified invoices. Proactis estimates that its approximately 500 blue-chip buying organisations are spending GBP 60-80 billion per annum across around 1 million SME suppliers.

The APF is expected to be launched to potential customers later in 2015. A commercial agreement, with a minimum term of 12 months, will be finalised ahead of market launch.

In recent news, Proactis and global enterprise software provider UNIT4, have unveiled that Anchor, a provider of housing and care to older people, has adopted UNIT4’s Invoice4 Accounts Payable managed service.


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Keywords: Proactis, Inspired Capital, accelerated payment facility, APF, UK, SMEs, spend control, e-procurement, Global Trading Network, GTN, electronic trading
Categories: Banking & Fintech
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Banking & Fintech






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