A recent press release from the European Commission has highlighted the importance of eProcurement as part of driving greater efficiency in public sector organisations. The release highlights that eProcurement solutions are already demonstrating savings for public sector organisations between 5-20%, which based on current spend and only a 5% saving would result in a 100 billion euro saving a year.

The release also highlighted the importance of an eProcurement solution as part of economic development stating "E-procurement can also participate in providing new sources of economic growth and jobs. E-procurement can significantly simplify the life of companies, especially SMEs, by increasing the transparency of and access to tender opportunities and by reducing the costs of participating in a tender (reduced mail costs, less printing, etc.)."

The European Commission’s strategy is to move to full eProcurement by 2016, ensuring that the greater efficiencies that some public sector organisations have seen can be recognised by all as Commissioner Barnier explained: "It's time to act. E-procurement represents a significant untapped potential for the EU economy. It can simplify the way procurement is conducted, reduce burdens and costs, increase the participation of SMEs and deliver better quality and lower prices. The sooner the transition is initiated, the sooner we will reap the benefits offered by e-procurement."

Due North is a leading provider of eProcurement in the Public Sector, delivering SaaS based solutions to the NHS, Police, Fire and Rescue, Housing Associations and local government. If you would be interested in understanding more about how we can help your organisation recognise the benefits of eProcurement then email us - This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

For the full EU eProcurement release click here