PROACTIS Holdings PLC First bePayd contract
December 09 2020 - 2:00AM
RNS Non-Regulatory
TIDMPHD
PROACTIS Holdings PLC
09 December 2020
Proactis Holdings PLC
First bePayd contract
Proactis Holdings PLC, the business spend management solution
provider, is pleased to announce that it has signed its first
contract for the provision of bePayd, its accelerated payment
service, with Experbuy, a French company offering a business
process outsourcing solution that enables companies to manage their
tail spend purchases more effectively.
Experbuy is a subsidiary of EPSA, a group with international
operations helping organisations increase performance and
profitability through three major areas of expertise: support with
purchasing, organisation, performance and change management issues;
cost control through the optimisation of tax, social security and
occupational accidents; and the marketplace (which Experbuy forms
part of).
This contract enables Experbuy to deploy bePayd for use by its
own suppliers which aggregate to approximately EUR180m of annual
spend across 65,000 suppliers.
bePayd allows suppliers to accelerate the payment of an approved
invoice in return for a small discount and is primarily aimed at
the long tail of small suppliers in the supply chain, a population
that is currently underserved. bePayd is market-leading in its
simplicity, speed and convenience without any detriment to security
or risk and is entirely flexible down to single invoice level with
extremely low values because of the end-to-end automation of the
process. Funding of the early settlement can be provided by the
customer (as is the case with Experbuy), Proactis (through a
dedicated facility with HSBC) or a blended model.
Tim Sykes, Proactis CEO, commented:
"I am delighted to have signed our first bePayd contract with
Experbuy, part of the EPSA Group. We look forward to working with
Experbuy to drive take-up of this great service to suppliers over
the coming months and beyond. As we look forwards, the solution has
never seemed more relevant, and with a healthy pipeline of
opportunities, we are optimistic about its prospects in 2021."
For further information, please contact:
Proactis Holdings PLC 01937 545070 x1115
Tim Sykes, Chief Executive Officer investorcontact@proactis.com
Richard Hughes, Chief Financial Officer
finnCap Ltd
Carl Holmes/Emily Watts/Matthew Radley - Corporate
Finance
Andrew Burdis/Richard Chambers - ECM 0207 220 0500
Alma PR
Rebecca Sanders-Hewett/Sam Modlin/David Ison 020 3405 0205
proactis@almapr.co.uk
Notes to Editors:
Proactis creates, sells and maintains software and services
which enable organisations to streamline, control and monitor all
indirect expenditure. Its solutions are used in approximately 1,100
buying organisations around the world from the commercial, public
and not-for-profit sectors.
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END
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