Periscope Holdings, Inc. celebrated its 10-year anniversary. Founded in 2001, the company has experienced tremendous growth as a leader in the public procurement arena. Numerous public entities have realized the strategic benefits of implementing BuySpeed eProcurement and utilizing the NIGP Commodity/Services Code. Periscope would like to thank its clients for the company’s success in bringing open and efficient procurement into practice.
“We owe our success to our loyal clients and to our hard-working team members,” said Brian Utley, president and CEO of Periscope Holdings, Inc. “A decade ago, I saw the need for accountability in public purchasing. Our team hit the ground running to develop a solution that brought disparate procurement processes into one unified system. Ten years later, I can say with great pleasure that we’ve brought millions upon millions of savings to public entities across the country.”
Periscope continues to bring new procurement ideas to life through research and development. The company is committed to maintaining cutting-edge software that will keep their clients ahead of the procurement curve. In the decade to come, Periscope plans to carry-out its mission to eradicate waste and bring value to every dollar spent by their clients.
Periscope Holdings is experiencing a busy summer, filled with new client implementations and financial system integrations. In June, AHRC Nassau went live with BuySpeed eProcurement. This non-profit group, based in Nassau, New York, supports children and adults with intellectual and other developmental disabilities to make life choices, exercise independence, and develop responsibility.
The implementation includes an integration of vendors, accounts, budgets, and invoices to their Blackbaud financial system Financial Edge. Multi-organization features within BuySpeed allow integration to 5 different databases, one for each company within the AHRC Nassau organization. This integration provides AHRC with real-time budget updates and offers better control over purchasing decisions.
AHRC expects a significant return on investment over the next five-years due to better spend management, optimized contract pricing, and process efficiencies afforded by BuySpeed product features and business intelligence. In an effort to go green, AHRC chose not to implement print features for internal users. This step will limit the amount of paper wasted in the procurement process. With BuySpeed eProcurement, paper trails become extinct and filing cabinets become vacant.
Hampton Roads Sanitation District and the Washington Convention and Sports Authority went live with real-time integrations to the Mitchell Humphrey financial system FMS. Both agencies implemented vendor synchronization, budget checking, encumbrances, receiving, and invoicing. These features allow them to easily track budgets during the procurement process, reduce data entry, and provide greater visibility into the payment process for end users and vendors.
