Periscope now has the 2012 updates available for the North American Industry Classification System (NAICS) crosswalk. License it today. Contact dhail@nigp.com for more information.
Spend Matters Yearly Round-up
Spend Matters, a publication dedicated to gaining insight into Spend Management, recognizes Periscope Holdings in their Yearly Round-up: Part 4 Post
“This last quarter began with Gartner’s eProcurement report, which rated 32 P2P technology firms against a set of 11 criteria. The report showed strong performances from the likes of Coupa and Periscope Holdings, who shared the highest aggregate score between them…” Read article
ProcureAZ Takes the Front Cover
In the October/November 2011 issue of GoPro magazine, Arizona received accolades for its Statewide hosted eProcurement system.
According to the cover story titled, ProcureAZ Unifies Purchasing in Arizona, “ProcureAZ has created a true “one-stop-shop” for procurement in Arizona with implementation of a statewide gateway that has the potential to centralize public sector purchasing for all of Arizona. The state expects the new software system to generate between 5 and 20 percent in savings on the $6 billion state spend, with savings created at the state and local levels.”
Jean A. Clark, Arizona’s State Procurement Administrator said, “We are seeing the benefits at the state level, and interest is growing at the local level.” Arizona paid for a statewide license of the BuySpeed eProcurement software, which is available via a hosted website and can be used by any local government in Arizona.
The system has helped Arizona achieve the following:
- More vendor competition (over 20,000 registered vendors)
- More small business participation
- Lower costs (30% cost reduction on the statewide office supply contract)
- More efficiency
- Decrease cycle times by about 50%
- Increase coop participation by 51%
Over 550 local governments in Arizona currently access ProcureAZ to research state contract information. Local governments are experiencing the benefits of leveraging ProcureAZ to buy off of state contracts. Other local governments who may not otherwise have the funds to implement an eProcurement system are realizing the opportunity to employ ProcureAZ’s full eProcurement capabilities.
SAVE THE DATE – Evolve 2012
Periscope Holdings is proud to announce Evolve 2012. Evolve is a premier industry conference gathering procurement professionals nationwide to collaborate on procurement obstacles and successes, discuss cutting edge trends, and explore the future of procurement. The time is now to become a leader in public sector procurement. Come learn how you can Evolve and be a cut above the rest.
Evolve 2012 will take place in Austin, Texas, at the historic Driskill Hotel, April 10th-11th, 2012.
Mark your calendars as this is an event you do not want to miss! More information coming soon.
Leading Analyst Firm Ranks Periscope Holdings, Inc. as one of Top Five Vendors in Five Categories
As All Levels of Government Look for Ways to Save Money and Increase Transparency, Periscope Holdings’ E-Procurement Solution Named in Top Five
Austin, TX, September 20, 2011 — Periscope Holdings, Inc. has been ranked among Top Five Vendors in Gartner’s “E-Procurement Market and Vendor Landscape” report. The report evaluated 32 e-procurement solution vendors in 11 different rating categories. Periscope, an e-procurement vendor specializing in the public sector, received top rankings in five categories.
In the context of a national conversation about government spending and the reality of declining tax revenues, the benefits of taxpayer savings and budget transparency through e-procurement have become critical to local, state and federal government. According to Gartner, “Today, organizations that don’t use e-procurement solutions are asking why not, as opposed to asking why they should enable this capability.”
Periscope Holdings’ successful deployments around the country are proving that procurement transformation is the best way to generate savings by establishing efficient business processes, increasing vendor competition through strategic sourcing, and creating true government transparency in real-time.
“Government officials are putting procurement transformation on the top of their to-do list,” said Brian Utley, President and CEO of Periscope Holdings, Inc. “Once organizations start shopping around, they find Periscope to be the best match for their public sector needs because of our vast capabilities, our project management experience, our proven results and because we do what it takes to make our customers happy.”
Gartner ranked Periscope’s BuySpeed E-Procurement & Sourcing Solution among the top five vendors in the following five categories:
- Time to Value
- E-Requisition Support
- Control
- Implementation Services
- Customer Satisfaction
Periscope also received a full “Harvey Ball” score in ScopeBreadth. A full Harvey Ball means the vendor consistently exceeds expectations for the element. Gartner refers to Scope Breadth as, “The degree to which customers have been successful leveraging their e-procurement solutions to support multiple types of spending.”
“We believe the categories in which Periscope received top rankings are the categories that matter most in public procurement,” Utley said. “The public sector is unique; you don’t report to shareholders, you report to taxpayers and in many ways, that means the stakes are higher. That’s why we continue to enhance our products and services, making it easier for our clients to obtain needed goods at a lower cost, saving taxpayer dollars nationwide.”
In the report recommendations, Gartner states, “Do not limit solution evaluations to e-procurement functionality. Consider ease of use, the customer satisfaction rate of the vendor and the availability of a complete suite as key factors in an assessment.”
“Gartner is the leading industry research company and it’s meaningful for Periscope to be evaluated as a top five vendor in these five categories. We believe it confirms the strength and potential behind our product and services and it underscores our promise to our public sector customers – if you use BuySpeed E-Procurement and Sourcing, you’ll get immediate results,” Utley said.
Supporting Resources
Analyst Report – E-Procurement Market and Vendor Landscape (ID Number: G00214794)
Gartner reports are available at www.gartner.com (http://www.gartner.com).
ABOUT PERISCOPE HOLDINGS, INC.
Periscope Holdings, Inc. (www.periscopeholdings.com) is a privately held technology company headquartered in Austin, Texas. Periscope works with public entities to achieve best practices in procurement through its comprehensive software solution BuySpeed and consulting services.
Periscope eradicates waste in procurement delivering time- and money-saving results for more than 100,000 users in the United States and Canada. BuySpeed customers include the states of Arizona and New Jersey; the cities of Fort Lauderdale, Baltimore, New Orleans and Tucson; the counties of Harris and Knox as well as Virginia Beach Public Schools, Alaska Department of Transportation and the 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).
# # #