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Digitalizing Government Commercial Payments.

Published by Visa Debit

The "Digitalizing Government Commercial Payments" whitepaper examines the modernization of public procurement and payment processes through digitalization. It highlights the significant role of public procurement, accounting for 6-19% of national GDP. The report identifies challenges such as manual processes, lack of competition, and corruption, and proposes digital solutions like e-marketplaces and procurement cards (P-cards) to enhance efficiency, transparency, and cost savings. Case studies from India and South Korea demonstrate successful implementation, showcasing benefits like reduced transaction times, cost efficiencies, and improved vendor payment cycles.

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Related Categories Expenses, Employees, Environment, ERP, task, task, task, audit

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