New Product / TechnologyBuckinghamshire Council hopes to save taxpayers £15m a year with new contracts system

Buckinghamshire Council hopes to save taxpayers £15m a year with new contracts system

Arcus Global has created software which it claims will change the the way council contracts are stored and managed, saving taxpayers at least £15 million a year.

Arcus Global has created software for £101,000 which it claims will change the the way council contracts are stored and managed, saving taxpayers at least £15million a year. Buckinghamshire County Council  aims to go live with the Contract Management System on August 26 and has also agreed a partnership deal to sell the product on to other authorities.

The authority currently pays out around £300million annually to thousands of external organisations – amounting to 65 per cent of its total spend. These contractors cover the whole spectrum of council functions, from companies providing social care for vulnerable adults, to firms supplying computer network services.  Until now all the various contracts were stored in a multitude of formats and sites.

Research has shown that organisations that manage contracts well can save between five and 15 per cent of their total third party spend, says Jonathon Noble, the Council’s Category Manager for Major Projects. Mr Noble will spearhead this and present to interested councils. If they buy it, Buckinghamshire will get a portion of the profits.

Peter Hardy, Cabinet Member for Finance and Resources, said: “We are looking forward to seeing how this new system improves the way we work. It has the potential to make huge savings for us, as well as making us far more efficient as an organisation.

“I’m proud that we are blazing a trail by trying to be so commercially-aware on behalf of our taxpayers. These are difficult economic times for all councils and we simply have to take these kinds of measures to plug the financial shortfall, mainly caused by a reduction in Government grants.”

Arcus Global specialises in providing cloud based solutions, services and products to the public sector.

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