Proactis wins Denbighshire council contract

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Proactis Holdings has won a contract with Denbighshire County Council (DCC) to provide its early payment service bePayd.

It is anticipated bePayd will be used to generate around 50,000 invoices per annum to around 3,000 suppliers with a spend value exceeding £100 million.

bePayd will enable suppliers to receive an automated notification of approved invoices with the option of accelerating payment before the pre-agreed contractual terms.

Proactis will fund the accelerated payment in exchange for a small discount paid by the supplier.

Proactis CEO Tim Sykes said: 'DCC is a long-standing and valued customer of Proactis and we are delighted that it has agreed to offer bePayd to its suppliers. We will now work closely with DCC to design and implement bePayd's roll-out and look forward to updating the market in line with progress.'

At 1:19pm: (LON:PHD) PROACTIS Holdings PLC share price was 0p at 38p


Related content

Proactis wins contract from Canadian garden group Sheridan Nurseries

Business spend management group Proactis said it had signed a three-year contract with Canadian garden centre Sheridan Nurseries.

The contract would see Proactis provide its...

Tue, 18/05/2021 - 08:55


Proactis wins contract from German transportation company

Spend management group Proactis said it had signed a five-year contract with a transportation company in Germany to provide business spend management solution.

'This contract...

Tue, 23/03/2021 - 07:52


Proactis expects first-half earnings to rise on margin strength

Spend management group Proactis said it expected to report higher first-half earnings, despite a fall in sales, as margins improved.

Adjusted earnings before interest, tax,...

Wed, 24/02/2021 - 08:41


Proactis wins three-year contract from oil services business

Spend management group Proactis said it had signed a three-year contract with an oil and gas services business in North America.

'This contract win represents...

Wed, 10/02/2021 - 09:06


Proactis Holdings reports loss but highlights record new business year

Business technology provider Proactis reported a record year for new business in the 12 months to 31 July 2020, adding £14.6 million.

The total contract...

Thu, 29/10/2020 - 09:10