One of the top five IT priorities for both city and county agencies in 2016 – even ahead of budget and cost control efforts – is to support open government and transparency.
Procurement will play a key role in achieving this goal. As Periscope Holdings’ Jean Clark recently noted, procurement is not a solely transactional function. It’s a complex and strategic division with widespread visibility into product and service expenditures across the entirety of an organization. There are synergies between IT’s prioritization of transaction processing, benchmarking, and project management technologies and the CIO’s focus on creating a more open data environment. And procurement technologies are uniquely positioned to satisfy all the requirements.
For example, best of breed eProcurement solutions – by design – simultaneously provide suppliers with open access to public sector procurement opportunities and allow for more effective data mining by cities, counties, and higher education institutes throughout all stages of the procurement process. Need to be transparent about how much you’re spending – and on what? With the right eProcurement software in place, you’ll have all the necessary tools for fast, simplistic collection and translation of that data. But, if utilized properly, eProcurement solutions can also complement ERP systems to simplify measurement processes and expand reporting capabilities across multiple departments without a lot of additional investment.
Right now, procurement professionals have an opportunity to elevate their contribution to the organization beyond tactical contract management. Procurement tools – and procurement administrators’ ability to collect and translate bigger-picture data – can serve multiple roles within business processes if leveraged properly. The goal is to increase awareness of procurement’s capabilities with C-level leaders. Then leaders can make a proactive effort to solidify procurement’s voice in the creation of open government/data/transparency best practices.
Find out how Periscope Holdings can help you extract more value from your procurement processes and give new purpose to your software investments this year to support your organization’s CIO and IT priorities.
Email Jean Clark at firstname.lastname@example.org
Ensure Compliance, Mitigate Risk & Keep Your Team Accountable
Contract Lifecycle Management does more than just track the cycle of a contract, it provides a powerful way to obtain a comprehensive understanding of spend across the enterprise and identify vendors that will enable savings. Our webinar on November 17th 2015 will discuss how to put Contract Lifecycle Management at your fingertips to reduce time, save money, keep your team accountable, and always be assured that what is agreed to is in line with corporate objectives and policies.
Whether you are a procurement professional or a supplier for the public sector, it is important to have a strong relationship with your counterpart. The NIGP Business Council, of which Periscope Holdings is a member, authored the Healthy Supplier Relationship Guide in support of NIGP and the public procurement profession by the sharing of resources and collaboration of expertise. The Healthy Supplier Relationship Guide provides best practice ideas and practices for both procurement practitioners and suppliers to improve and elevate the value and effectiveness of buyer-seller relationships. The Guide focuses on three key components of the procurement cycle; non-contract relations and activities, competitive solicitation activities, and contract holder interactions. Such concepts as development of a communications plan, market survey development and completion, conduct of procurement fairs, and award de-briefings with unsuccessful offerors are just some of the tangible, practical ideas that can be put into action.
Take some time to read the Healthy Supplier Relationship to improve your procurement or selling practices in the public sector.
Healthy Supplier Relationship Guide
After a year hiatus, we are excited to announce the return of our public procurement industry conference. Evolve’16 will be held May 9-11 2016 at Hyatt Lost Pines Resort in Austin Texas. Our first conference since joining forces with BidSync, this event will be our most informative, thought-provoking yet. Evolve’16 is designed to bring together public sector and higher education procurement professionals and industry thought leaders. Through networking events,professional development workshops, interactive panel sessions and in-depth product seminars, Evolve’16 will provide practical tools and inspiration for real procurement transformation.
REGISTRATION OPENING SOON
Mark your calendar today and watch your inbox for more information. Can’t wait to learn more? Email Britton at email@example.com
Austin TX, September 23 2015 – Periscope Holdings, the leader in purpose-based procurement announced today BuySpeed™ eprocurement software is now integrated with BidSync™ bid notification system. The integration provides public sector and higher education organizations access to a national database of over 900,000 vendors skilled in serving the public sector. In turn, all registered vendors gain access to even more bid opportunities as well as tools to help them better respond.
“When we joined forces with BidSync last year, we had a vision of becoming a public procurement powerhouse, furthering our purpose of eradicating waste and maximizing the value of every dollar spent,” said Brian Utley, President and CEO of Periscope Holdings. “This integration is an important step toward achieving our goals. Buyers and vendors are the heart of procurement and must rely on each other to succeed. We believe connecting these stakeholders with tools that increase the visibility of bids and enable better interaction will improve the procurement process and result in productivity gains for both purchasers and vendors.”
The integration of BuySpeed and BidSync was designed to ease the purchasing process and deliver benefits to BuySpeed customers, their existing suppliers as well as vendors already registered within BidSync bid notification system. Customers benefit from gaining access to over 900,000 vendors with their bid opportunities, resulting in better pricing and better services. Their existing suppliers gain the opportunity to access more agency bids, more tools and services to respond to solicitations and a centralized location to manage certification and solicitation tracking activity through a single, simple registration step. And, vendors already registered with BidSync bid notification now receive even more bid opportunities, with automatic access to all BuySpeed customer solicitations.
The integration functionality is available today to all new and existing BuySpeed customers (version 12 and higher). Contact firstname.lastname@example.org for more information.