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Yuchengco Group of Companies Undergoes Procurement Assessment


Manila, Philippines, May 7, 2011 -- TransProcure recommended a procurement transformation roadmap for subsidiaries of Yuchengco Group of Companies (YGC) after conducting a thorough onsite procurement assessment using Quantitative Spend Analysis and Qualitative Procurement Review. The roadmap covered the areas of organization, process, enablers and governance that will position best practices in supply management in YGC's member-companies. These are Rizal Commercial Banking Corporation (RCBC), YGC's flagship company and one of the country's largest domestic banks, RCBC Savings Bank, RCBC's thrift banking subsidiary; and Bankard, a pioneer in the credit card industry.




About TransProcure  (www.transprocure.com)


TransProcure is the leading global procurement solutions and services company and the first in providing Procurement Business Process Outsourcing (BPO) and Out-tasking Centers located in key cities in Asia with presence in Asia-Pacific, North America, Latin America, and Europe. It has also a Central Procurement Shared Services Center headquartered in Manila, Philippines. TransProcure assists companies to accelerate the value of procurement by extending its many services around the procure to pay cycle and ancillary services at efficient and low-cost country position. Information is available at www.transprocure.com



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