Lighthouse supports new government procurement initiative

Lighthouse has recently signed deals that will see our Integrated Payables platform support new public sector procurement and payment processes. This new initiative will see suppliers to the Irish government get immediate payment on their invoices, all processed and managed using the Lighthouse online portal.

Minister Brian Hayes announces the Purchasing Card Framework initiative

See this anouncement in The Journal for more details.

First Public Sector e-invoicing pilot kicks off in Ireland

eInvoicing Launch, Dáil Éireann_sml

Brian Hayes TD, Minister of State with special responsibility for the Office of Public Works (OPW) recently launched a pilot project on e-Invoicing across a number of Government Departments and other public sector bodies.  The project will be overseen by the National Procurement Service (NPS) of the OPW. The Institute of Technology in Sligo is providing research and technical co-ordination.

Speaking in Dublin at the launch of the pilot, Minister Hayes said: “The pilot projects will take two months to complete.  The objective after the pilot is to have a paperless billing system that operates across the public sector.  That’s good for business because it cuts down on red tape and cuts down on costs.  The seven public sector bodies taking part in the pilot are: The Office of Public Works, the Department of Defence, the Department of Justice, HSE East, HSE North West, Enterprise Ireland and the Local Government Computer Services Board.  Once the findings of the pilot projects have been compiled and reviewed we will take a report to Government on the suitability of rolling out e-Invoicing across the entire public sector.  The cost-saving benefits of this project could genuinely help SMEs to compete and win additional Government business”.

The Minister concluded: “The full rollout of e-Invoicng could lead to multi-million euro savings for the exchequer in terms of reduced administrative and transactional costs, as well as providing savings to suppliers to the public sector. In addition Irish service providers in this area could become leaders in this technology across the EU Member States “.

New equity partners for Lighthouse BCS

This morning we announced that Lighthouse BCS has raised additional equity funds from Delta Parters, Bank of Ireland and Enterprise Ireland.
This is great news for the company, as it allows us to extend our marketing reach, and develop new working capital management and supply chain finance services for corporates, governments and small business.
For more details, see the download in our Documents section.