Proactis Holdings PLC (LON:PHD) Chief Financial Officer Tim Sykes talks to DirectorsTalk about its contract win with P&O Ferrymasters. Tim explains how this contract fits in with the Proactis strategy, what the technology enables P&O Ferrymasters to do, the value it provides, how revenue is accrued and when investors should expect to see revenues delivered against the contract.
PROACTIS Holdings Plc which floated on the AIM market of the London Stock Exchange in June 2006, creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. PHD solutions are used in over 800 organisations around the world from the commercial, public and not-for-profit sectors. It is the largest independent eProcurement solution provider to the UK Public Sector. The company is head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners.