Periscope’s BuySpeed Rated in Critical Capabilities Report
Leading Industry Analyst Evaluates Best-of-Breed E-Procurement Vendors
AUSTIN, Texas 21-JULY-2009
- Periscope Holdings, Inc. today announced that its BuySpeed e-procurement product solution was rated by Gartner, Inc. in a study analyzing 14 best-of-breed vendors.
- The Gartner report is entitled “Critical Capabilities for Best-of-Breed E-Procurement Vendors”.
- Periscope was one of 14 vendors evaluated according to use cases that are typical across organizations. Gartner specified eight vendor inclusion criteria, including a minimum of 25 installed customers.
- The report scored the solutions on 11 critical capabilities. Periscope’s BuySpeed solution scored 3.7 overall.
- To determine ratings, Gartner analysts identified the most common capabilities required by clients for an e-procurement system and developed an extensive list of functionality for each. Vendors identified the features they currently support and customer feedback on usability and completeness of the functionality was used to adjust the scores.
Periscope’s BuySpeed
- BuySpeed offers complete strategic sourcing, e-procurement and P2P or “procure-to-pay” capabilities. Capabilities include online vendor registration, requisitions, bids/quotes, contract management, reverse auctions, P-cards, punchouts, receiving and inventory control.
- Orders can be received in a distributed environment and paid through seamless integration with most existing accounting or financial systems.
- BuySpeed helps organizations of all sizes streamline their processes, reducing purchasing costs, buying cycle, and the overall cost of goods and services.
Supporting Quotes
- “Governments nationwide are realizing measurable benefits using the BuySpeed solution for their enterprise procurement function. We believe Gartner’s rating asserts Periscope’s leadership in the market, and reflects an affirmation of our vision, investment and ability to deliver for our client partners,” said Brian Utley, President and CEO of Periscope Holdings, Inc.
Supporting Resources
Analyst Report
Gartner’s “Critical Capabilities for Best-of-Breed E-Procurement Vendors” (Report # G00167401) is available at www.gartner.com.
ABOUT PERISCOPE HOLDINGS, INC.
Periscope Holdings, Inc. (www.periscopeholdings.com) is a privately held technology company headquartered in Austin, Texas. Periscope focuses on working with public entities and private companies to achieve best practices in procurement through comprehensive software solutions and consulting services. Every day Periscope delivers time- and money-saving results for more than 100,000 users throughout the United States.
BuySpeed (www.buyspeed.com) customers include the states of Arizona, Louisiana and New Jersey, the counties of Kern and Onondaga, the cities of Baltimore and New Orleans, Virginia Beach Public Schools, Alaska Department of Transportation and Chicago Housing Authority. Periscope also holds the exclusive license to maintain, enhance and market the NIGP Commodity/Services Code on behalf of the National Institute of Governmental Purchasing, Inc. (www.nigp.org).
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* Gartner Disclaimer
The “Critical Capabilities for Best-of-Breed E-Procurement Vendors” is copyrighted 2009 by Gartner, Inc. and is referenced with permission. The report is an evaluation of procurement products at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the report, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.