JSC Prozorro.Sale became finalist of the prestigious IAM Asset Management Excellence Awards 2023, together with the top 6 global projects, working with the digitalization of asset management. The announcement of finalists and winners took place on Monday, December 4, 2023, during an official ceremony in London, United Kingdom.
The finalist organizations have applied good asset management principles in adapting to new technologies, advancements in digital capabilities, and meeting competitive, digital business and consumer trends.
The IAM Asset Management Excellence Awards, presented by The Institute of Asset Management (IAM), an international organization for asset management professionals, seeks to recognize innovative advancements in asset management in the face of current challenges. Established in 1994, IAM aims to develop asset management knowledge and promote awareness of its benefits and best practices.
This award has been named in honor of Norman Eason. This award honors innovative advancements in asset management in the face of the current challenges.
JSC Prozorro.Sale administrates of the Ukrainian state online auction system, which facilitates the online auctions for the lease and sale of public assets, reached the final in the Digital Innovation category. In this category Prozorro.Sale competed with projects and companies from Spain and the United Kingdom. The winner in this category was a Transport Scotland project featuring an asset management performance system.
First Deputy Prime Minister and Minister of Economy of Ukraine, Yuliia Svyrydenko, expressed, "Over seven years ago, with the launch of state online auctions in the electronic trading system Prozorro.Sale, the government began to transform approaches and principles of public asset management. During this time, transparent and open electronic auctions have become an effective tool for the state and communities, bringing in over 80 billion hryvnias to budgets at various levels. They have also opened opportunities for businesses to acquire resources for development, including during times of martial law. The Ukrainian IT solution, the state electronic trading system Prozorro.Sale, is among the best in the world in the Digital Innovation category of the prestigious IAM Asset Management Excellence Awards. This is evidence that achieving results in asset management is impossible without digitization."
Sergii But, the CEO of Prozorro.Sale, expressed, "Every year, the Institute of Asset Management (IAM) recognizes innovative achievements in asset management in the face of modern challenges. It is a huge responsibility for the entire Prozorro.Sale ecosystem, including JSC Prozorro.Sale, marketplaces, organizers, and bidders, to be among the top 6 projects worldwide. During the war, we are more determined than ever to continue enhancing the system and increasing the efficiency and transparency of asset sales in even more markets”.
In 2022, the state electronic trading system Prozorro.Sale won the most prestigious international recognition of excellence in public service — the United Nations Public Service Awards as the best public service.
JSC "Prozorro.Sale" and SE "Prozorro" are two distinct state-owned companies that operate under the common principle of "everyone sees everything," but they manage and develop different electronic systems. JSC "Prozorro.Sale" conducts online auctions for the sale or lease of public assets, while SE "Prozorro" oversees tenders for the procurement of goods, services, and works by state institutions. Thanks to Prozorro.Sale, the total income received by the state and local authorities reaches UAH 80 billion.