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The Benefits of Procure-to-Pay

ivalua

It’s more efficient, both in time and cash-flow, to work through a “Pay by Terms” model where invoices are saved up and paid on the due date. A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Electronic capture of all B2B transactions. Reduced errors, fraud and risk.

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The Benefits of Procure-to-Pay

ivalua

It’s more efficient, both in time and cash-flow, to work through a “Pay by Terms” model where invoices are saved up and paid on the due date. A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Electronic capture of all B2B transactions. Reduced errors, fraud and risk.

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Results: Today, the Dominican Republic’s procurement agency monitors all procurement processes carried out using the country’s electronic procurement system in real-time using 21 targeted red flags. Efficiency is key. It has debarred more than 60 suppliers for violations, and reduced unresolved complaints and canceled tenders.

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7 Secrets to Quicky Become Proficient in Public Procurement

The Procurement ClassRoom

And it may take several years before we develop a system for being more efficient and effective in our work. The procurement rules govern everything from the identification of a requirement through to the closing out of a contract ; sometimes including disposal, reutilization and destruction of goods.

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Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

Public procurement is key to this endeavor because public institutions and state enterprises must procure vast amounts of goods, services, and works to do their jobs. Lighting retrofits for greater energy-efficient lighting and expertise in securing federal, state and local incentives may require consultative services.

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What are the main governance opportunities and challenges for procurement digitalisation?

University of Bristol

Approximately a third of public sector spending goes to procure third-party goods, services, and works. Digitalisation could reduce the administrative burden through automation, generate data insights to inform policies and boost efficiency in public spending, and serve as a living lab for GovTech experimentation.

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A focus on people: Delivering better public procurement

Open Contracting Partnership

At first glance, procurement might seem like a purely behind-the-scenes function, its quality measured by efficiency and transparency; but, in reality, procurement is about how government delivers for people. These benefits are delivered via Electronic Benefit Transfer (EBT) cards, which recipients use to buy eligible groceries.