PROACTIS Announces New Procurement Joint Venture in India

PROACTIS, a global Spend Control and eProcurement solution provider, today announced the launch of a joint venture company in India, through the establishment of a unique procurement software and services operation, which will trade as Proactis Total Procure. The new Indian-based company has been established in collaboration with two major Indian companies: Khwantum Capital Private Limited (U74910WB2008PTC123792) and Avan Projects Private Limited (U27101MH2009PTC196148).

Through the new company, PROACTIS will address the significant procurement opportunities in India, one of the world’s fastest growing economies. In the first month of operation, PROACTIS Total Procure has already engaged in an exploratory project for provision of procurement software services to one of the world’s 50 fastest growing FMCG companies based in India.

PROACTIS develops leading-edge Procurement and Purchase-to-Pay software solutions and through this new joint venture company, PROACTIS Total Procure will bring the global experience and capabilities of PROACTIS to India. PROACTIS Total Procure will deliver a unique combination of innovative software solutions and well-structured services by experienced professionals. Clients will benefit from a program of productivity improvement, cycle time reduction, quality improvement and service improvement. The company can manage all or part of organisations’ procurement operations or take clients through a procurement review to give them the best advice.

Rod Jones, CEO of PROACTIS, commented: "We are delighted to announce the launch of this joint venture company in India, which comes as PROACTIS accelerates its presence in new territories. This new local company is a clear sign of our commitment to the India market and to developing advanced procurement solutions and services based on high quality ICT infrastructure to the public and private sectors.”

PROACTIS Spend Control solutions are used in just about every industry, from global Fortune 100 companies and central government agencies; to SMEs and not-for-profit entities. Over 2,000,000 active licensed users benefit from PROACTIS solutions across 90+ countries worldwide.

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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.