SERVICE/PRODUCTS DESCRIPTION |
Periscope
Founded in 2001 and acquired by mdf commerce in 2021, Periscope Holdings, Inc. (Periscope) is the leading provider of eprocurement and contract lifecycle management (CLM) solutions for state, county, and local governments in North America. Together with mdf commerce, we serve over 6,000 public sector customers, 500,000 suppliers, and millions of users in North America.
Periscope is distinguished from other providers in important ways. First, we focus exclusively on public entities, designing our products and services to answer their needs only. Second, we empower the entire public procurement ecosystem by connecting buyers and suppliers through solutions for each that benefit both. Third, we perform all services in-house, assuring our customers a one-stop-shop for a right-sized solution. Fourth, we implement our solutions on schedule as promised, delivering quick time-to-value. Fifth, we are backed by the resources of mdf commerce, inc., a publicly traded company with 108.3 million in annual revenue and more than 700 employees.
Periscope Solution Benefits
Our solutions—Periscope ePRO™, Periscope CLM™, and BidNet Direct™ (BND)—transform government procurement through automation. With our automated solutions, clients streamline processes, decrease expenditures, increase efficiency and transparency, and improve stewardship of taxpayer dollars. They experience time savings as great as:
• 25 % on document creation
• 50 % on awarding
• 60 % on supplier management
• 75 % on record keeping
• 90 % on bid tabulation
• 40 % lower requisition cycle times
• 45 % lower contract cycle times
With our automated solutions, clients also increase vendor participation—by as much as 100%—which increases competition and lowers expenditures by as much as 30%.
ePRO, CLM, and BND are highly configurable, modular solutions designed for the public sector. As cloud-based SaaS, they require no hardware installations or software downloads. They are configured and implemented by our expert teams—following rigorous discovery—and supported and maintained for the life of the contract.
Periscope Solution Functionality
Periscope ePRO is a connectable, modular system that customers can implement as a complete or truncated procure-to-pay solution. Modular construction makes ePRO an affordable, effective choice that offers extensibility and adaptability. ePRO integrates fully with existing financial management systems, thanks to its modular construction and the expertise of the Periscope implementation team.
Periscope CLM uses the time-tested technology of ASC Networks, Inc.--an organization founded in 1992 and acquired by mdf commerce in 2016. It maximizes ROI and long-term success by enabling your team to:
• develop contract documents collaboratively
• streamline and simplify the negotiation process
• accelerate approvals
• effectively manage and monitor contract compliance
• efficiently perform annual contract reviews
BND is anchored by the Bid Distribution and Vendor Management module which provides the tools to create, publish, and distribute bid documents, track vendor accountability, and move sourcing projects forward. Additional BND modules include Bid Evaluation, Vendor Certification & Pre-Qualification, RFx Creation, Contract Management, and Vendor Performance Management. Its benefits include:
• improved vendor accountability
• a single platform to create, publish, and distribute documents
• reduced time from notification to action
In short, Periscope makes procurement and contract management perform optimally with solutions that:
• help buyers purchase goods and services quickly and efficiently—with appropriate controls
• help vendors find opportunities, compete for, and do business with government |
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