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).
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