Wetherby software firm secures first contract for its new service

Proactis is based in Wetherby.Proactis is based in Wetherby.
Proactis is based in Wetherby.
Software firm Proactis 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.

The Wetherby-based firm, which pulled the plug on a potential sale of the business earlier this year, provides business spend management solutions.

Experbuy is a subsidiary of EPSA, a group with international operations helping organisations increase performance and profitability.

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The contract enables Experbuy to deploy bePayd for use by its own suppliers which aggregate to approximately €180m 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.

Tim Sykes, CEO of Proactis, said: "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.

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"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."

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