In December 2014, Periscope Holdings and its private equity partner, Parthenon Capital Partners, acquired BidSync (read more about the acquisition). Together, the companies’ complementary solutions benefit public procurement (see Periscope’s BuySpeed eprocurement platform). Organizations that use our solutions significantly lower their risk. Our project timelines are short; and therefore, the time to value of our industry-recognized solution is fast – often in fewer than 100 days. Our solutions are built with over 30 years of best practices embedded in our intellectual property. Periscope Holdings is the leader in purpose-based procurement. Contact us today to eradicate waste and maximize the value of every dollar spent.
OverviewBidSync Source is a comprehensive, cloud-based sourcing solution that allows organizations to electronically create, manage and award all standard solicitation types (such as RFPs, RFQs, RFIs, etc.). The solution automatically notifies suppliers of solicitation status, facilitates the receipt and electronic tabulation of responses, and permits an award to be made and suppliers notified.
- Electronically create, manage and award service and product solicitations
- Solicitation and document templates and library
- Pre- and post-bidding periods support
- User-defined and configurable workflows, document upload and download
- Reverse auction
- Standard and ad hoc reports
- Audit logs
- An array of simple, easy-to-use procurement tools and utilities that automate procurement processes and expedite the procurement cycle
- Access to a national database of 900,000+ qualified vendors
- Create transparency, increase accountability and satisfy auditing, reporting or legal discovery requirements
OverviewBidSync Contract is an innovative, user-friendly solution that accelerates contract execution and oversight, improves stakeholder collaboration and strengthens regulatory compliance for both agencies and vendors. It reduces risk through standardized language and reporting, as well as allows for powerful Contract Lifecycle Management (CLM). BidSync Contract automates contract creation, revision, collaboration and execution.
- Secure negotiation portal and contract repository
- Provides an accurate audit trail for approvals
- Monitors and alerts all contract milestone events
- Contains standard and ad hoc report functionality
- Realize full savings and revenue through contract visibility and awareness
- Ensure more control and better compliance throughout the contract lifecycle
- Reduce legal, financial and regulatory risk through standardized language and reporting
- Automate contract creation and collaboration to accelerate time to contract
- Measure compliance, deliverables and performance on contracts and vendors