19 January 2014
The Royal Bank of Scotland is the new supplier of an ‘electronic Purchasing Card Solution’ (ePCS) to Scottish Government and the Central Government Sector. ePCS is the successor to the Government Procurement Card (GPC).
In collaboration with Scottish Procurement, Crown Commercial Service have appointed the Royal Bank of Scotland as sole supplier of this service to UK Central Government.
ePCS will provide a payment service to Scottish Government and over 40 Scottish public bodies. ePCS is a fast and efficient method for paying low value, high volume, non-recurring bills. ePCS helps the Scottish Government’s commitment to paying suppliers within 10 days. The cost of a transaction by ePCS can be as low as £1 versus £28 for a paper based transaction.
The current GPC contract processes around £10m in payments per year and around 70,000 purchases with the suppliers receiving their money only a day or two after the transaction. The contract has allowed smaller public bodies to share the benefits of a larger card programme.
The contract will start on 14 January 2015 and run for a period of four years.
If you have any questions, contact Gary Crombie.