The contract will allow the organisation to automate its sales to individual consumers of care as well as NHS and Local Government purchasers via the cloudBuy care marketplace, and to simultaneously automate its purchasing from downstream providers and suppliers through the cloudBuy eProcurement platform.
This contract proves the significant supply chain multiplier effect to cloudBuy for every buyside contract win. The directors of cloudBuy estimate that a significant percentage of the potential overall revenue from the care sector of circa £100 million per annum will come from providing ecommerce sites to care providers.
Ronald Duncan, Chairman of cloudBuy plc, commented: "We are achieving a 90% success rate in signing up suppliers via our buyers. This contract win confirms our market leading position in providing ecommerce in the care sector, and joins up the care supply chain so that we can extend down from the councils and NHS to the major providers and onto their subcontractors and supply chain.
"Care is one of the largest and fastest growing service industries in the developed global economy and cloudBuy is establishing a strong and recognisable brand in the UK whilst generating interest globally. Given our success to date and the scale of expenditure in this area we are focused on maximising this opportunity and aligning it with our new transactional model. "
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