Estonia's Deltabid (formally Liitu) has launched an e-procurement tool to standardize the tender process, cut paperwork, and help companies save money. Believe it or not, procurement is fairly outdated, many projects are still using paper and spreadsheets. But DeltaBid's solution has come with good timing, while e-procurement is only used in 5-10% of procurement procedures in the EU, the European Commission has set out a strategy to make e-procurement mandatory by mid 2016.
“The procurement process is outdated and falls behind the e-world we live in, with many companies still laden with paperwork, bureaucracy, corruption and bribery,” said Erkki Brakmann CEO, DeltaBid. “Paper or email-based procurement processes are inefficient and opaque. DeltaBid aims to change that by replacing the ‘Email and Excel’ procurement method with a standardized, transparent tender process which gives easy oversight of all tenders.”