Tomorrow Minister Brian Hayes will make a keynote address on Ireland’s future approach to e-Procurement and e-Invoicing in Ireland. This follows the recent successful completion of a multi-stakeholder pilot e-Invoicing (PEPPOL) project. The Irish public sector is fast playing catch-up with much of the rest of Europe who have already made binding policy decisions in these areas in advance of EU wide changes that are coming down the track.
The European Commission estimates that the transition to e-Procurement and e-Invoicing within the EU by the start of 2015 will result in public sector savings of €100 billion (that’s a saving of about €1 billion annually for Ireland). In addition, to realising savings in the cost of goods and services purchased, the Irish Government will reduce payroll costs through productivity gains.
There is a further and equally significant upside for the indigenous Irish business sector resulting from these imminent legislative changes. The infrastructure, practices and procedures that are being put in place will make it more economical and feasible for Irish SMEs to grow their share of an EU public procurement market currently worth €2 trillion.
The knowledge economy to which Ireland is so strategically and psychologically attached will manifest itself only when the information available to us is put into practice. We’ve talked the talk for a long time now. Here is another great opportunity for the Minister to help us walk the walk.
The timeline that the Minister announces tomorrow for the adoption of this EU legislation will impact not only on when savings begin to accrue to the Irish state but also on when the Irish business sector will be ready to transfer best practices honed and established here in Ireland to the much bigger EU single market. The Irish Government can help determine where Ireland Inc will be on the starting grid. Pole position would be nice.
Why not join us tomorrow at the Public Affairs Ireland Conference and learn how Celtrino implemented the first successful e-Invoicing solution with the Irish Government.