PracticePeople In PracticeThe Financial Week Ahead/IT File – PwC takes first step in e-commerce

The Financial Week Ahead/IT File - PwC takes first step in e-commerce

PricewaterhouseCoopers has become the first Big Five to trade in the

It launched the e-procurement facility last week with the appointment of its first providers in four service areas; temporary staff, travel, hotels and office supplies.

PwC has beaten Andersen Consulting despite its announcement in April that it would be creating an e-procurement venture. It is understood that AC is recruiting e-procurement staff.

e.conomy is a web-based marketplace which aims to offer cost savings of 10-20% for medium to large-sized companies on the products and services they purchase. e.conomy also plans to expand to include computer software, hardware, office equipment and express delivery services.

John Baker, PwC partner leading e.conomy in the UK, said: ‘e.conomy enables its members to buy high-volume, low-strategy business items and services more quickly, easily and cheaply than they currently do.

‘They can access volume savings without the need for volume purchasing and, what’s more, there are no joining fees and no minimum spend requirements.’

Baker added: ‘e.conomy differs from most web-based purchasing consortia in that a framework of deals, developed up front with providers, is made available to e.conomy members. Furthermore, e.conomy doesn’t require any IT changes, while members can trade through channels including phone or fax.’

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