PETALING JAYA: Information Technology (IT) outsourcing and consulting provider Privasia Technology Bhd (Privasia) is optimistic towards higher adoption of in-house-developed ProcureHere on the back of its recent collaboration with digital supply chain finance provider CapitalBay.

ProcureHere is a cloud-based procurement platform that facilitates efficient and seamless processes for procurement; offering users tangible cost savings of up to 50 per cent through access to a wide network of suppliers for various items.

The recent collaboration agreement signed with CapitalBay will provide suppliers and customers registered under the ProcureHere platform a financing option, thus easing the procurement process for both sides.

CapitalBay links small-medium enterprises (SMEs) with financial institutions for short-term financing via its award-winning FinTech platform.

Privasia chief executive officer/managing director Puvanesan Subenthiran, commented: “We are confident that with the recent collaboration with CapitalBay, our ProcureHere platform will be able to reach its potential by providing a more comprehensive service to customers and suppliers.

“Through this, we will be also doing our part towards accelerating the development of small-medium enterprises.

“In addition to growing our ProcureHere platform, we are also targeting more network engineering projects with reputable telcos to improve our Information Communications Technology (ICT) division.

“With these plans in place, we intend to take Privasia to the next level as well as solidify our position as a reputable technology player.”