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Symantec chosen to secure EU procurement system21 Oct 2010Source: Marketwatch Symantec’s Verisign Authentication group today announced that the VeriSign Managed Public Key Infrastructure (MPKI) Platform will secure the digital communications between government purchasing agencies and their supplier across the European Union as part of the Pan-European Public Procurement Online project. This project is working to streamline the process of cross-border government procurement in the EU by interconnecting various isolated services using secure digital transactions and data exchange. Taken together, European governments represent the single largest buyer in the EU, accounting for approximately 1.5 trillion Euros annually, or 16 percent of GDP. But the current variety of procurement systems, covering accepting company attestations and catalogues, placing orders, and receiving invoices create challenges to European suppliers. The process of communicating between governments and their suppliers can be slow, expensive, vulnerable to errors, and so complicated that it shuts out many small and medium enterprises (SMEs) from selling to governments, especially those in other European states. Read more here |
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