Canadian Imperial Bank of Commerce expects to save millions of dollars with an electronic procurement program it is rolling out.

The eSource system, developed internally with help from Andersen Consulting, is projected to shave 10% from the $1.3 billion the Toronto- based bank spends annually on office supplies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.