BOSTON – July 18, 2011—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and spend management, announced today that Catholic Health Partners (CHP), one of the largest not-for-profit health systems in the United States, has selected VFA.spendManager® capital spend management software to optimize its capital spend management process. Catholic Health Partners has implemented VFA.spendManager at its home office and has rolled out the solution to eight regional locations in support of more than 2,000 users across 31 hospitals. CHP has established VFA as the system of record for all capital reporting beginning with the 2011 fiscal year.
Catholic Health Partners was challenged to monitor spending on a real-time basis. “By using VFA.spendManager, Catholic Health Partners is now able to standardize capital spending processes across the system,” stated Dave Nowiski, vice president of finance at CHP. “Additionally, VFA.spendManager creates a collaborative environment for executives to strategically manage capital budgets, automate processes to save time and money, and improve overall performance to deliver greater return on capital investments.”
“In today’s uncertain economy, there is enormous pressure to ensure that existing capital is allocated more effectively and efficiently,” said Jerry Kokos, president and CEO, VFA, Inc. “Catholic Health Partners joins a number of organizations that are successfully using VFA.spendManager to reduce unplanned spending, eliminate manual processes and improve decision-making.”
Enterprises that focus on capital spend management have an opportunity to drive compelling savings through more rigorous management of their capital spend. VFA offers these organizations the ability to proactively manage capital spend issues, rather than simply react to them. VFA.spendManager is providing Catholic Health Partners with a quantifiable measurement for savings in resources, time, operations, and capital.