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Save 50-75bn with e-procurement

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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Bo Harald

Bo Harald

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Transmeri, Demos, Real Time Economy Program,MyData

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This post is from a series of posts in the group:

Innovation in Financial Services

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


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