New Partner – Proactis
The first product of this partnership is the cloud based on demand PROACTIS Spend Analytics Solution which helps executives achieve greater actionable insight into organisation-wide compliance, risk, KPIs and other external factors that affect expenditure. The first customer to benefit from the solution is Bauer Media Group, Europe’s largest privately owned publishing group.
Akeel Attar, Managing Director at XpertRule, said ‘We are excited to be partnering with PROACTIS who have the depth of expertise and solutions in the procurement space. We believe that the embedding of our Rules, Decision and Analytics engine into the PROACTIS platform will give customers the benefits of on-demand analytics, near real-time rules based alerts/notifications and best practice compliance and diagnostics solutions for procurement and supplier management.’
The PROACTIS Spend Analytics Platform, developed on Microsoft Azure technology with NOSQL, provides a SaaS suite of solutions that can run 24/7. Functionality includes: Spend Data Repository, Rules/AI based Spend Data Cleansing & Enrichment, Spend/Supplier Analysis, Compliance KPIs, and Rules based Spend Notifications and Alerts.
‘Organisations are being confused by complex and unwieldy BI and Spend Analytics tools,’ said Rod Jones, CEO, PROACTIS. ‘Old-fashioned tools require data experts to drive BI and build spend reports for management. Today, spend data needs to be rapid or it becomes irrelevant to decision-making. Users expect accurate data at their fingertips, and legacy BI doesn’t deliver this.’
‘The new PROACTIS Spend Analysis solution exploits the latest cloud technologies with the advanced Decision Analytics capabilities of XpertRule to provide on-demand visibility of total combined spend; automatically classified and enriched. Analytics delivered through intelligent dashboards enable ‘slice and dice’ capability displayed on mobile devices. Customisable alerts enable users to identify where money is spent, negotiate better contracts with suppliers, and rein in maverick spending with confidence’ continued Rod.
PROACTIS is a global provider of Spend Control and eProcurement solutions that help hundreds of organisations around the world to better control expenditure on all goods and services.
•Source-to-Contract: Increase procurement capacity to create value and reduce risk
•Purchase-to-Pay: Improve control and visibility of organisation-wide spend
•Supplier Commerce: Streamline supplier interaction and collaboration
For the last 30 years, XpertRule Software has been developing and deploying advanced business rules automation and decision analytics software. The XpertRule software is used in over 500 organisations world-wide across all business sectors. Its clients include Diageo, BP, Wartsila, Deeside Power, Hosokawa-Alpine, Arneg Group, Australian Tax Office, New Zealand Health benefits, New Zealand Social security, Fortis Insurance, Chase Bank, Caixa Econômica Federal, Marisa and Abbey National plc.