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Public bodies 'must prepare for EU e-procurement rules'
Public sector organisations have been called upon to implement electronic procurement processes as soon as possible in order to comply with incoming EU regulations.
Business software firm Version One has highlighted European Commission plans to make e-procurement for public purchases the rule rather than the exception across Europe by mid-2016.
Currently, only five to ten per cent of procurement processes are currently carried out electronically across Europe, but adoption of this contemporary model of purchasing could unlock tens of billions of pounds in savings.
Version One is recommending that public organisations take the first steps towards implementing this system as soon as possible, highlighting electronic invoicing as a simple way of reducing paperwork and bureaucracy.
Greg Ford, managing director of Version One, said: "With thousands of pounds cost savings easily achievable by moving to e-invoicing, this should be one of the first stages of any e-procurement project."
Last month, the Cabinet Office published figures revealing that the government saved almost £500 million through improved procurement practices in 2011/12.
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