Efficient Government Procurement – Key to Digitizing & Boosting Local Economy

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Thursday, November 22nd, 18:30 PHT

Finance, Procurement, and Supply Chain leaders in Manila are invited to join this roundtable dinner on ‘Efficient government procurement: A key to enabling digitization and the growth of the local economy’.

An expert moderator will guide the knowledge-sharing event, stimulating discussion between participants in a closed, confidential environment. Attendance is complimentary and by invitation only.

Efficient Government Procurement – Key to Digitizing & Boosting Local Economy

Government procurement, representing 12-15% of a country’s GDP, totals an approximate $10.8T global spend. A significant 90% of this expenditure is channeled to lower-value items, traditionally managed with methods causing supplier payment delays of up to 90 days. Existing challenges include manual oversight, susceptibility to fraud, and prolonged transaction processing. Adopting a digitized “purchase to pay” system can overcome these hurdles, expediting digital payments and aiding domestic suppliers. This ensures worthwhile returns, from investments in digital procurement systems.

Government Procurement Cards (GPC) emerge as a solution, especially for T&E expenses. It streamlines the procurement process & related costs, supports higher efficiency and amplifies transparency through data insights. By embracing digitization and centralization in procurement, governments can potentially pare down costs by 35%. As examples: a U.S. department anticipates $780M savings over five years, while the UK govt projects a £5 savings per PO by shifting procurement to cards. Effective procurement strategies, backed by positive IRR and empowered by GPC, can address existing challenges, reform governmental operations, and invigorate the local economy. To truly harness these benefits and drive our local economy forward, it’s imperative for organizational leaders to spearhead the evolution towards digitized procurement.

  • How can organizations ensure a seamless transition to digitized procurement while minimizing disruptions?
  • What are the key barriers to adopting e-procurement systems and how can they be effectively addressed?
  • How will the shift towards digitized procurement impact supplier relationships and contract management in the long run?

Sala Restaurant

LV Locsin Building, Podium Level, 6752 Ayala Ave, Makati, 1223 Metro Manila | Google Maps

The Ortus Club hosts knowledge-sharing discussions in the best private dining rooms in the world. These venues provide an elegant high-end atmosphere and impeccable table service.

Attended by:

Chief Treasury Operations Officer at Bureau of Treasury
OIC-Chief of the Information Systems Division at Department of Transportation
Division Chief at Department of Social Welfare and Development (DSWD)
Regional Budget Officer (Budget Section Chief) at Department of Social Welfare and Development (DSWD)
Head, Head Office Audit Department at Landbank
OIC-Director, Management Information Systems Service at Department of Transportation
Executive Director at Procurement Service of the Department of Budget and Management (PS-DBM)
Director IV, Procurement Group at Procurement Service of the Department of Budget and Management (PS-DBM)
Director, Central Administration Office at Department of Finance
Undersecretary, Internal Management Group at Department of Budget and Management
Principal Assistant, Bids and Awards Committee Secretariat of the DFA at Department of Foreign Affairs
Executive Assistant at Department of Budget and Management
Assistant Secretary at Department of Finance

For insight on this event, photos and guest interactions, see our post on LinkedIn.

6:30 PM: Arrival of guests and reception
7:00 PM: Welcome by The Ortus Club
7:05 PM: Short address by Mastercard
7:15 PM: Discussion instigated by the moderator and continued by the group over dinner
8:15 PM: Discussion brought to a close
9:00 PM: Coffee, tea, and continued networking

Hosted by Mastercard

Mastercard is a payment processing corporation that aims to create a world beyond cash. We work with businesses and governments around the world to improve the lives of the billions of people we serve through powering an inclusive digital economy. For more than 50 years, Mastercard has pioneered technology to make payments simpler, smarter and safe. Our decency quotient, drives our culture and everything we do inside and outside of our company.

The public sector team in Mastercard helps governments to drive growth, create efficiencies and improve transparency, while advancing social progress. We create smarter ways to pay and get paid, provide the underserved with vital services, and empower aid agencies & beneficiaries with digital solutions to improve lives. By blending private sector insights with social initiatives, Mastercard and its partners can create a more inclusive economy for all.

Event Detail

Wednesday, November 22, 2023 18:30
PHT
Manila

Why attend?