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Government procurement is struggling to streamline and automate many tasks, forcing some executives to feel overworked, new research finds. But for others, simply digitizing the procurement process in the first place remains a challenge. That Procurement Performance Index dropped from 76.4 in 2016 to 72.6
Spanish authorities recently launched an online platform that government contractors can use to submit electronic invoices. Other European countries — for instance, Italy and Germany — have taken similar steps, and the European Union is backing that push toward more digitization for B2G and B2B invoicing and transactions.
Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA). BayanPay will offer digital wallets, eCommerce and SMB payments gateway solutions in Saudi Arabia.
Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. government is already taking on the cybersecurity front. government business.”
Earlier this month reports in NPR said only a few weeks before the government was slated to announce the winner of a 10-year, $10 billion cloud computing Project under Project Joint Enterprise Defense Infrastructure (Project JEDI), newly-appointed Defense Secretary Mark Esper decided to halt and review the process.
Mbiz provides a digital procurement platform for B2B and B2G transactions. Indonesia’s eCommerce market overall is a growing one, with Alibaba’s Jack Ma recently asked to help the local government guide the development of the industry there. The company offers a digital catalogue and targets blue-chip companies, according to reports.
(The Paypers) Based on the EU directive 2014/55/EU, all public contracting authorities and the suppliers have to be able to receive e-invoices as from 2018.
The report’s co-author, Buffi Neal, said software waste occurs across all industries. 252 million eInvoices were sent across the EU in 2015 , most of which were B2B or B2G, according to new data from the European E-invoicing Service Providers Association. The most commonly downloaded-but-never-used application?
But it’s a significant milestone nonetheless that federal regulators will be required to pay suppliers via eInvoice by the end of fiscal year (FY) 2018, meaning 19 million invoices government agencies pay every year will have to be electronic. government is the largest single purchaser of goods and services in the U.S., In its U.S.
Industry experts agree that government policy can often be the catalyst to adoption of payments and finance technology in the private sector. is now in the midst of readying for an eInvoicing mandate, a move regulators say will help small businesses manage their cash flow and improve visibility into B2B and B2G transactions.
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