Financial Services
Made for people like you
Head of Procurement
LAKE Procurement solutions cover all aspects of the source to pay cycle, including Sourcing, On-boarding and Supplier Management, Contract Management, Content Management, and of course Purchase to Pay.
Solutions can be implemented in a standalone capacity or they can form part of a broader, integrated solution.
Supplier Management
Streamline supplier qualification with questionnaires, response formats, and pre-defined scoring.
Automate supplier evaluation, allowing for override where appropriate.
Monitor on-going performance via KPIs and internal scoring.
Ensure suppliers keep critical information up-to-date with the help of automated notifications when key documents such as audited accounts or insurance certificates are expiring.
Contract Management
Maintain a centralised repository for all types of supplier contracts.
Automate the monitoring of contract renewal dates and other criteria with alerts and reminders.
Template contracts to ensure accuracy of contract creation.
Centralise and simplify the process of managing vendor contracts with integrated DocuSign service.
One Source of the Truth
Connect colleagues and suppliers to a single source of accurate information on suppliers and their contracts.
Centralise supplier communication and maintain a full audit trail of all communications.
Share the workload and improve the accuracy of information by inviting suppliers into a comprehensive supplier portal where they will maintain key pages of information, upload and renew important documents, and respond to questionnaires and sourcing opportunities.
Beginners Guide
Commercial
You've heard that SunSystems is a market leading financial management solution. But is it suitable for your organisation? Download these guides to find out.
Made for people like you
Explore other aspects of this solution.
Other relevant content
SECTOR FOCUS
Financial Services
LAKE solutions have the flexibility to handle all the demands of a growing financial services business.
PRODUCT
Sourcing
Sourcing builds on the capabilities of Proactis SRM with software to help you streamline sourcing events, reduce costs, and improve compliance.
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Top 5 benefits of automation in Source-to-Pay
Automation has a role to play in streamlining every step of the source-to-pay cycle.
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Why is SunSystems Cloud such a great fit in the financial services sector?
Explore some of the reasons why SunSystems is so well suited to the financial sector.
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Integrating Find a Tender with your sourcing platform
Learn how LAKE Proactis solutions streamline procurement by integrating with FTS.
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