Join the Community

22,452

Expert opinions

44,518

Total members

518

New members (last 30 days)

183

New opinions (last 30 days)

28,846

Total comments

Join Sign in

Save 50-75bn with e-procurement

03 March 2011 Be the first to comment

Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Deutsche Bank report: “There is huge savings potential – but beware of outlandish claims. A conservative back-of-the-envelope calculation suggests that a full switch to e-procurement may save between EUR 50 to 75 bn on public procurement in the EU per year.

On top of that are increases in transparency and public accountability which are arguably the most interesting categories but also the hardest to quantify.”

Banks can do a lot here - especially for SMEs - starting from the generic e-invoicing tool - that also can be used as a generic e-offering and e-ordering tool. Especially now when the ISO20022 e-invoice message standard is ready.

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

3665

Report

Channels

/payments

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Join group

1742 opinions 249 members 17 mins

Comments: (0)

Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

Member since

04 Nov 2008

Location

Helsinki Region

More expert opinions

Amey Prabhu Solution Architect & Head of Trade Finance Product at Veefin