SOURCE: BidSync

BidSync

July 15, 2013 14:52 ET

Purchasing Solutions Alliance Selects BidSync for Cloud-Based E-Procurement Solutions

National Procurement Co-Op Awards Contract to BidSync for Strategic Sourcing, Contract and Purchasing Services for Its Members

AMERICAN FORK, UT--(Marketwired - Jul 15, 2013) - BidSync (www.bidsync.com/eprocurement), the leading provider of cloud-based, end-to-end procurement solutions for the public sector, today announced that Purchasing Solutions Alliance (PSA) (www.bidsync.com/eprocurement/co-op/psa), a national cooperative purchasing program, has selected BidSync as the preferred vendor of e-procurement services for its members.

PSA's membership, which extends nationwide, will be able to contract directly with BidSync for e-procurement solutions to reduce acquisition expenses and procurement cycle times while increasing operational efficiencies across the board.

"BidSync demonstrates superiority with a proven track record of commitment in providing high-quality, easy-to-use and competitively priced e-procurement solutions," said Michael Lucas, program manager of Purchasing Solutions Alliance. "The PSA/BidSync contract is an excellent opportunity for our cooperative of government, education and non-profit organizations to improve their procurement processes, achieve more efficiency each day, and appreciate savings on their purchases and return on investments for the future."

Members of PSA's co-op can employ any or all of BidSync's suite of e-procurement solutions, used by more than 1,000 public agencies nationwide, including:

  • BidSync Source™ (www.bidsync.com/eprocurement/products/source), which allows government agencies to electronically create, manage and award service and product solicitations to a national database of more than 700,000 vendors.
  • BidSync Contract™ (www.bidsync.com/eprocurement/products/contract), which delivers a unique online Contract Lifecycle Management (CLM) solution that accelerates contract execution, improves stakeholder collaboration and strengthens regulatory compliance for government agencies. Functionality includes a contract repository, easy contract creation tools, contract monitoring and reporting.
  • BidSync Purchase™ (www.bidsync.com/eprocurement/products/purchase), which enables public-sector entities to completely manage their purchase-to-pay cycle from sourcing to receiving while gaining real-time visibility into tax-dollar spending. Functionality includes requisitioning, purchase orders, invoicing, receiving and catalogs.

"Public agencies are constantly facing mandates to reduce costs and function more efficiently," said Sabrina Stover, CEO of BidSync. "Through PSA, government agencies large and small will find answers to both these challenges in the cloud with BidSync's solutions, which are specifically designed to help reduce costs and improve efficiencies by streamlining every step of the procurement process."

Membership with PSA is free and is open to all public agencies, such as cities, counties, educational institutions and nonprofits. Government agencies can implement an Interlocal Purchasing Agreement with PSA to utilize BidSync's contract through the co-op program.

BidSync's SaaS 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.

About BidSync
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.

About Purchasing Solutions Alliance
In 2008, the Brazos Valley Council of Governments' (BVCOG) Board of Directors unanimously approved a resolution creating Purchasing Solutions Alliance (PSA), a purchasing cooperative for public agencies. The purpose of PSA is to identify qualified vendors of goods and services, comply with state and federal bidding requirements and relieve the burdens of governmental purchasing by realizing economies of scale. Products offered through PSA have been subjected to either the formal competitive bid or proposal process. PSA generally utilizes the formal Request for Proposal (RFP) method, as it allows for negotiation with the highest-ranked vendor and ultimately provides the best value for PSA participating and prospective member agencies. PSA is an optional use program, and there is no fee for agencies to participate. For more information, visit www.psabuy.org.