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Public Sourcing Solutions, SciQuest Aim to Foster Government Spending Transparency
Announce competitively awarded contract to let agencies and institutions within state and local government to quickly purchase the technology needed to enable e-procurement processes
Cary, NC — September 14, 2009 — Procurement solution provider SciQuest and Public Sourcing Solutions (PSS), a not-for-profit cooperative purchasing organization working with public entities nationwide, have announced the availability of a new competitively awarded national contract.
The contract, available to all PSS participants, enables agencies and institutions within state and local government to quickly purchase the technology needed to gain visibility over spending, track and maximize the use of taxpayers' dollars, and enforce regulatory compliance, the two companies announced.
PSS, a division of E&I Cooperative Purchasing — the nation's largest buying consortium for colleges and universities — said it leverages its consortium purchasing expertise to connect state government agencies, cities, municipalities, counties and school districts (K-12) with contracts that offer best-of-breed value to the public sector.
Created in accordance with public purchasing rules and regulations that govern nearly all states, the SciQuest contract provides PSS participants with an all-in-one offering that can be used in lieu of what can be a very expensive, complex and labor-intensive request for proposal (RFP) process, the two companies said.
"With agencies struggling to do more with less, and many organizations tasked with meeting stringent reporting requirements to utilize stimulus funds, there's a limited amount of time that organizations can spend putting the systems in place necessary to ensure compliance and the effective use of taxpayers' dollars," said Thomas Fitzgerald, CEO of E&I Cooperative Purchasing and Public Sourcing Solutions. "PSS' ability to deliver valuable contracts to participants now extends to the technologies they need to be strategic in all spending."
The PSS contract for SciQuest's technology enables public sector entities to access competitive pricing for the systems needed to strategically manage spending and eliminate the administrative tasks that hinder efforts to streamline government and control costs, the two companies said. Offered via software-as-a-service, SciQuest's on-demand procurement automation and supplier catalog management solutions already are used by many public sector organizations to bring transparency to the purchasing process.
For users, SciQuest offers an online marketplace similar to the shopping environment consumers enjoy on popular e-commerce sites. In turn, procurement and financial leaders gain the visibility into spending needed to aggregate purchasing power, enforce compliance with preferred contracts, alert buyers when prices deviate from negotiated rates, track spending and quickly identify suspicious purchasing behavior, SciQuest said.
"The combination of PSS' competitive contracts and the transparency SciQuest delivers through its e-procurement solutions presents public sector entities with a powerful way to gain visibility over spending and control costs," said Stephen Wiehe, president and CEO of SciQuest. "The importance of having modern on-demand e-procurement technology in place cannot be overstated as government entities face the conflicting demands of shrinking budgets and the need to quickly put stimulus funds to work."
The contract, available to all PSS participants, enables agencies and institutions within state and local government to quickly purchase the technology needed to gain visibility over spending, track and maximize the use of taxpayers' dollars, and enforce regulatory compliance, the two companies announced.
PSS, a division of E&I Cooperative Purchasing — the nation's largest buying consortium for colleges and universities — said it leverages its consortium purchasing expertise to connect state government agencies, cities, municipalities, counties and school districts (K-12) with contracts that offer best-of-breed value to the public sector.
Created in accordance with public purchasing rules and regulations that govern nearly all states, the SciQuest contract provides PSS participants with an all-in-one offering that can be used in lieu of what can be a very expensive, complex and labor-intensive request for proposal (RFP) process, the two companies said.
"With agencies struggling to do more with less, and many organizations tasked with meeting stringent reporting requirements to utilize stimulus funds, there's a limited amount of time that organizations can spend putting the systems in place necessary to ensure compliance and the effective use of taxpayers' dollars," said Thomas Fitzgerald, CEO of E&I Cooperative Purchasing and Public Sourcing Solutions. "PSS' ability to deliver valuable contracts to participants now extends to the technologies they need to be strategic in all spending."
The PSS contract for SciQuest's technology enables public sector entities to access competitive pricing for the systems needed to strategically manage spending and eliminate the administrative tasks that hinder efforts to streamline government and control costs, the two companies said. Offered via software-as-a-service, SciQuest's on-demand procurement automation and supplier catalog management solutions already are used by many public sector organizations to bring transparency to the purchasing process.
For users, SciQuest offers an online marketplace similar to the shopping environment consumers enjoy on popular e-commerce sites. In turn, procurement and financial leaders gain the visibility into spending needed to aggregate purchasing power, enforce compliance with preferred contracts, alert buyers when prices deviate from negotiated rates, track spending and quickly identify suspicious purchasing behavior, SciQuest said.
"The combination of PSS' competitive contracts and the transparency SciQuest delivers through its e-procurement solutions presents public sector entities with a powerful way to gain visibility over spending and control costs," said Stephen Wiehe, president and CEO of SciQuest. "The importance of having modern on-demand e-procurement technology in place cannot be overstated as government entities face the conflicting demands of shrinking budgets and the need to quickly put stimulus funds to work."
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