Electronic Procurement to Save €100 Billion per Year

The European Commission recently launched a strategy to achieve a full transition to electronic procurement (e-procurement) by mid-2016. This strategy is in line with the goals of the Digital Agenda for Europe to enable the private sector to access public tendering throughout the Union. In the current context of fiscal constraints and public spending cuts, e-procurement appears to be an efficient way of achieving significant savings. Public entities that have already implemented e-procurement have reported savings of between 5% and 20% of their expenditure. This could result in at least 100 billion euro of savings per year if e-procurement is used by all public administrations. E-Procurement can also stimulate economic growth, especially for SMEs, because it reduces the procedures and the costs for participating in tenders. Find Out More about e-Procurement