SOURCE: BidSync

BidSync

November 20, 2014 11:29 ET

BidSync Offers Spend Analytics to Bid Notification Clients

With Spend Analytics, Businesses Can Gain Valuable Insight to Help Them Win Government Contracts

AMERICAN FORK, UT--(Marketwired - Nov 20, 2014) - BidSync, the leading provider of a cloud-based marketplace that enables better procurement and purchase interactions between agencies and vendors, has added spend analytics to its bid notification service. BidSync Spend Analytics allows users to search and find purchase order information from local, state and federal agencies. Vendors will be able to identify and analyze what agencies are buying, from whom and at what prices. They will also be able to gain insight into competitors, channel partners and market dynamics.

"Many government purchases are done without a bid or RFP," said Sean Parry, Vice President of Marketing at BidSync. "BidSync Spend Analytics gives vendors valuable information that can help them win more government contracts."

The company just launched an updated vendor portal that features a cleaner interface and one-click access to advance search capabilities. BidSync Spend Analytics integrates seamlessly into the portal, giving users a powerful single place to find, manage and submit bids.

BidSync Spend Analytics allows vendors to gain more insight into market opportunities, allowing them to make smarter decisions and create targeted bid submissions. An Early Warning Indicator allows businesses to monitor the spending habits of their government customers. Vendors are notified if an agency starts working with a competitor or purchases a specific product or service that is on the monitoring list.

BidSync delivers almost one million bid opportunities annually, captured by its proprietary search technology and dedicated team of researchers. The combination of the updated vendor portal and BidSync Spend Analytics will enable businesses to achieve greater success with their government contracting strategies. BidSync's powerful and unique combination of vendor services and automated e-procurement helps both agencies and vendors realize greater success.

About BidSync
BidSync (www.bidsync.com) offers cloud-based, end-to-end e-procurement solutions that help public sector agencies streamline their procurement process, maintain compliance, reduce costs, enable transparency and save time. The comprehensive solutions deliver cross-functionality through the entire procurement process from request to settle. BidSync also delivers bid notification services to 800,000 vendors nationwide. BidSync has 15 years of experience and its award-winning solutions have been relied on by more than 1,000 public sector agencies nationwide.

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