The achievement of the £1 billion landmark is a positive sign for public sector departments, as the UK seeks to meet targets set by the European Commission, to have all department purchases made through online procurement processes by June 2016.

Service provider Procserve have announced the crossing of the £1 billion transaction mark for thetotal value of processed public sector purchases carried out online.

Procserve’s Commerce Network hosted the transactions, with more than 3.4 million transactions being processed in the past five years, and 46% of those in the last six months.

The eProcurement service so far has delivered over £50 million in savings.

Launched in May 2007 to support the Government eMarketplace, Procserve’s technology has seen strong year-on-year growth in the volume of transactions as public services seek to increase flexibility and the employment of shared services.

Nigel Clifford, CEO of Procserve, said: “the £1 billion milestone is proof that, with the right partnership approach, the UK can lead the way when it comes to using technology to streamline processes and save money.”

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