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With the help of Causeway’s Tradex e-Invoicing solution, Balfour Beatty’s Procure to Pay (P2P) efficiency programme has achieved 71% of total transactional volume passing through the Tradex platform.
Products and services provided by the companies in a construction project’s supply chain typically account for about 80% of the cost of the project. Contractors need to make sure that they're managing this efficiently.
To spearhead its wider use in the economy, the European Commission (EC) has proposed that all public sector buyers across Europe should be required to carry out procurement electronically by mid-2016. This is expected to save billions of pounds annually. As part of the Digital Economy section of the Single Market Act (II), the Commission proposes that, because of its proven money saving ability, e-invoicing should be the standard mode for public procurement.
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