LSG launches Procure-Manage-Pay (PMP), an E-Procurement Solution
05/07/2013

New York, NY – LSG, the leading software application and business process outsourcing company announces the launch of “Procure-Manage-Pay” (PMP), an end to end procurement solution to automate and optimize business processes, ensure compliance and create spend visibility.

Online PR News – 07-May-2013 – New York – New York, 6 May 2013: New York, NY – LSG, the leading software application and business process outsourcing company announces the launch of “Procure-Manage-Pay” (PMP), an end to end procurement solution to automate and optimize business processes, ensure compliance and create spend visibility.

The PMP solution is built on LSG’s proprietary platform Advocator System®. It is designed to provide a more granular and hands-on vendor/supplier management capability. Effectively, the PMP process enables a complete “Turn-key” solution to procure, manage, and measure the performance of any supplier or vendor.

LSG’s PMP solution combines innovative process; global repository and industry expertise to help clients fully optimize the procurement function. New features and functions will be added and the roll out process will be in a phased manner. The online invoice management features, will lift a lot of paper off the client user’s desktop and enable him/her to review and approve invoices consistently, efficiently and quickly.

LSG has broadened its area of scope and footprint in the vendor/supplier management arena, spanning across a number of industry verticals, including insurance, banking/finance, logistics, energy, construction and mining, to name a few.
The solution has proven benefits helping companies save time, reduce expenses and provide better visibility into procurement data and performance metrics spanning all external supplier/vendors.

Speaking about the new service Gary R Markham said “This is a logical step in the evolution of LSG’s applications and services. For many years we have supported our clients in managing external suppliers in the litigation, risk and claims management space. We have now extended the features and functions of the Advocator System® so that it may provide a single-source, common platform enabling a full, end-to-end, procure, manage, and pay solution for clients in different industry verticals. LSG will remain and grow its insurance claims and litigation management business, but also expose our clients to the value added benefits of managing all external costs, within a common platform, globally.”

About LSG

LSG is a leading software application and business process outsourcing company with a global network of offices in Europe, North America and Asia-Pacific. It specializes in the areas of procurement, and vendor and litigation management. The company delivers sustainable and demonstrable financial and business benefits for its clients via proprietary applications and support solutions. These solutions enable electronic procure-to-pay engagements to be facilitated in the general insurance, claims, legal, banking, finance, mining, construction and energy industries. LSG serves clients in more than 70 countries.
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For further information, please contact:
Deepti Bherwani, +1-212-269-4520, lsg@lsg.com