April 28 , 2015

Innovative bank goes live with Verian

U.S.--National bank recently went live with the Verian purchase-to-pay suite to capture all spending details across the organization for a more strategic approach to understanding and controlling costs. The implementation included Verian Purchase Manager, Invoice Manager, Inventory Manager and Asset Manager.

These modules enable the bank to see all purchases at headquarters and branches, automate spend authorizations, and enforce internal spending controls across their entire enterprise.

The bank benefits through

* Increased savings by leveraging aggregated spend to consolidate

suppliers, take advantage of volume discounts and negotiate better contracts

* Optimized inventory by using items in stock and never overbuying supplies

* Buying smarter through understanding true total cost of ownership of capital items

* Mitigating risk by enforcing controls and ensuring compliance with regulations

"Verian is very excited to welcome this new customer to the cloud," said Tehseen Ali Dahya, President and CEO of Verian. "We look forward to the bank's transformation as they leverage Verian's capabilities."