The Marketplace Program
A game-changing program for state and local procurement
Our innovative and completely self-funded eProcurement solution and Marketplace Program enable state procurement teams to expand visibility into their highest value-added processes and harness government purchasing power to benefit their community.
Overcoming state and local procurement challenges
Low utilization of statewide contracts
State procurement teams often lack the necessary tools to create awareness of state contracts, leading to redundant purchasing activities and missed revenue opportunities for the state. A comprehensive marketplace improves state contract visibility with state and local buyers, reducing duplicative efforts.
Resource constraints
Adopting purpose-built procurement solutions is challenging when budgets are limited, and teams struggle to hire and retain procurement professionals. Opting for an entirely self-funded eprocurement solution is a cost-effective way to improve outcomes while leveraging technology that enhances the employee experience.
Lack of visibility
Difficulties in tracking, reporting, and analyzing spend data prevents a proactive and strategic approach to sourcing, contracting, and purchasing optimization. Without awareness and visibility into decentralized purchasing, opportunities to combine purchasing power, optimize spend, and prioritize revenue-generating agreements are lost. The marketplace program provides a centralized purchasing experience that helps consolidate spend and eliminate rogue purchases.
Complex supplier management
Onboarding new suppliers and tracking their compliance requires many resources and complex processes. Fee collection methods are not efficient and significant revenue is lost. The marketplace program’s managed services experts boost procurement teams’ efficiencies, maximize fee collection, and enforce supplier compliance.
Going beyond technology to solve the complex needs of state and local procurement.
Discover the impact of the marketplace program.
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4X |
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increase in spend-on-contract |
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500+ |
|
public sector catalogs |
The Marketplace Program advantage
Revolutionary self-funded model
Modernize government procurement at no cost to your taxpayers with our innovative self-funded marketplace program. The program is entirely funded by supplier-paid transactional fees, which lets your public organization implement our eprocurement solution with no upfront or SaaS (software as a service) costs.
Managed services
Drive statewide contract awareness, adoption, and consolidation with our experienced public service professionals who help your team maintain and manage the entire marketplace program. In addition to supporting the operations of the Marketplace platform, our managed services experts can analyze your spend and suggest creative optimization opportunities to benefit not only the state and local agencies, but also suppliers and taxpayers at large.
Unlock the power of data
With more visibility into spend and other procurement activities, combined with the support of our managed services experts, procurement teams can identify opportunities to optimize spend, create efficiencies, and manage risk.
Community-driven ecosystem
Use the marketplace program to consolidate all existing contacts and catalogs into one user-friendly platform where state and local buyers can easily find and shop your contracts. Your Marketplace could become the first stop for all state and local buyers looking for products and services, expanding state contract utilization and strengthening your supplier relationships, while extending the states purchasing power to all public entities in your community.
Solution components for Marketplace
Marketplace Platform
- Ecommerce-like user experience
- State contracts, piggy-back contracts
- Supplier catalogs, and punchouts
eProcurement
- End-to-end Source-to-pay software
- Implementation services
- Sourcing solution for local agencies
Managed Services
- Spend analysis and optimization
- Marketplace management and operation
- Transaction fee implementation and management
- Vendor management
