AMERICAN FORK, UT--(Marketwired - Oct 29, 2013) - BidSync (www.bidsync.com), the leading provider of cloud-based, end-to-end procurement solutions for the public sector, today announced the launch of its new Vendor Management Portal at:
This new enhancement, available as a standard update for all current BidSync Source™ customers, is designed to help government procurement organizations more effectively manage vendor relationships.
"Government agencies are consistently tasked with improving efficiency and maximizing the value they get when spending taxpayers' dollars," said Sabrina Stover, CEO of BidSync. "The new Vendor Management tool provides agencies with greater ability to manage and grow their networks of qualified vendors, while reducing the amount of time and manpower needed to manage these relationships."
The new Vendor Management Portal streamlines vendor registration for government organizations, allowing them to replace tedious, paper-based forms and processes with a cloud-based, self-service Vendor Business Profile. Vendors can access their profile at any time to add contact information, business details (size, ownership, revenue, financial data, etc.), capability summaries, credential documents such as licenses, and insurance information.
Using the Vendor Management Portal, agencies can search these profiles to identify qualified and certified vendors, and can assign performance ratings to vendors based on contract compliance or other metrics. Agencies can also provide vendors with specific registration or qualification criteria, and vendors can submit required data, documents or certifications directly through the Portal. The new Vendor Management Portal allows agencies to access a larger pool of qualified vendors and enhances tracking of metrics such as diversity qualifications and other program-specific purchasing goals.
BidSync's cloud-based solutions are designed and built to meet the increasing procurement demands of public agencies by ensuring increased efficiency through automating, consolidating and centralizing procurement processes. For more information about BidSync and its end-to-end suite of e-procurement solutions, visit www.bidsync.com.
BidSync is the industry leader in developing cloud-based, end-to-end procurement and bid notification solutions for the public sector. More than 1,000 government agencies nationwide employ BidSync's e-procurement solutions to reduce their costs and improve their efficiencies to meet increasing procurement demands. Providing the largest government bid notification system in North America, BidSync enables its database of more than 700,000 suppliers and vendors to identify, respond to and potentially win more bid opportunities. BidSync was founded in 1999 and is headquartered in American Fork, Utah. To learn more about BidSync, visit www.bidsync.com.