RCI Banque transforms global procurement and finance processes

From 2005 to 2010, the group identified these areas needing improvement within the purchasing process:

• Document and track the purchase process + increase control in Spend Management
• Actively manage, measure or challenge the vendors
• Centralize and simplify the invoicing process
• Increase visibility of the budget for Business managers at the time of approving a purchase order
• Simplify the complex approval process
• Streamline validating the procedure for the receipt of goods and services

In 2013, RCi Banque decided to transform its global procurement practice on all purchasing processes across the organization.

By covering all their business requirements, Corcentric helps RCi Banque to modernize their purchasing process through:

• Better control and management of information allowing users to act responsively delivering a virtuous circle of improvement
• Real-time visibility into the Business Projects allowing to improve processes, whilst measuring vendors’ performance and benchmark them on a regular basis
• Ease of use and adoption enabling RCi Banque users to find the right information at the right time in the application
• Improvement of supplier Relationship via the reduction of time spent on the “pay” process
• Reports creation and customization enabling RCi Banque decision makers to map out a more efficient strategy

RCi Banque wants to spread its use across multiple locations to consolidate their purchasing activities.

“We are fully confident that our revamped processes and software solution are helping us to challenge our targets, vendors and costs,” says Jean-Christophe Labarre.