National Prepaid Steering Group Highlights Latest Local Government Efficiencies and Cost Savings
Below are selected highlights from the latest report into the implementation of prepaid cards in local government:
Local Authorities now state the single biggest cost saving coming from Prepaid is based on their ability to claw back unspent or mismanaged funds – this saving equates to between 5-10% of their total Direct Payments budget.
The London Borough of Brent have already realised 330K in savings within 9 months and Lancashire County Council forecast £4M in savings from a budget of £40M.
Local Authorities are also recognising the value of the MI from Prepaid programmes to support evidence based service demand planning.
The report has been produced by the National Prepaid Cards Steering Group and also includes several recent local authority case studies.
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