More than 250,000 public authorities in the European Union annually spend roughly 14% of their gross domestic product procuring goods and services through public tenders. To help facilitate these transactions, public entities and their sellers or suppliers use Pan-European Public Procurement Online (PEPPOL), an electronic data interchange protocol to exchange digital business documents. Today, 16 European countries use PEPPOL to simplify the purchase-to-pay process between suppliers and government bodies.
To understand the state of PEPPOL and the business drivers that lead organizations to adopt it, Tradeshift commissioned 451 Research to conduct a survey of 153 business owners, executives, managers, and directors of organizations that supply goods and services to government entities. Altogether, the 153 respondents provided sufficient information to understand PEPPOL adoption and the benefits that respondents aimed to derive from online procurement.
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