The e-commerce market place operator cloudBuy (LON:CBUY) has launched the first British business-to-business (B2B) e-marketplace specifically for small and medium sized enterprises (SMEs).
Called UK PLC, the marketplace is open to all buyers at no cost, with invited suppliers paying a transaction fee of between 2% and 5%.
The platform has been launched in conjunction with Apsiz Solutions, the procurement consultants.
"It has been clear to us, looking at our eProcurement buyers contracted prices, that SMEs get a raw deal when they buy for their businesses despite their massive buying power. This partnership brings together cloudBuy's easy to use technology and Apzis procurement expertise, to provide a 'one stop shop' for business purchases," said Ronald Duncan, chairman of cloudBuy.