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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.

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