Periscope Holdings today announced that Gartner, Inc. cited the company in the Where are They Now section of the report titled “Cool Vendors in Procurement and Sourcing Technology, 2016”.
Periscope Holdings’ best-of-breed procurement software, BuySpeed is designed especially for public sector, non-profit and higher education institutions. BuySpeed is a complete procure-to-pay solution, providing support for all procurement-related processes and system requirements, including: sourcing, receiving, vendor registration and management, solicitation, quotes, accounts payable, government-to-business punch-outs, and requisitioning. BuySpeed also has the flexibility to adapt to multiple third-party systems, making it easy to fully integrate the eProcurement solution with any financial system or ERP. As a result, customers gain broader visibility into their organization’s budget spend and project management, allowing them to make data-driven procurement decisions.
The Gartner report states that “modern procurement and sourcing solution adoption has progressed much more slowly” than predicted. “U.S. state and local governments still remain far behind U.S. private industry and many European governments in terms of procurement modernization.”
Gartner reports are available at http://www.gartner.com. Cool Vendors in Procurement and Sourcing Technology, 2016 was released May 2016.
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Calculations are based on documented Periscope Holdings customer savings and research from Aberdeen.