{"id":457734,"date":"2021-03-15T10:03:11","date_gmt":"2021-03-15T14:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457734"},"modified":"2021-03-15T10:03:11","modified_gmt":"2021-03-15T14:03:11","slug":"pedernales-electric-cooperative-achieves-150-increase-in-rfps-with-bonfire-strategic-sourcing-software","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pedernales-electric-cooperative-achieves-150-increase-in-rfps-with-bonfire-strategic-sourcing-software\/","title":{"rendered":"Pedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software"},"content":{"rendered":"

<\/p>\n

\nPedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software\n<\/p>\n

The largest electrical cooperative in the United States adopted online bidding software to streamline their processes and improve internal customer service <\/i><\/p>\n

KITCHENER, Ontario–(BUSINESS WIRE<\/a>)–Bonfire Interactive Ltd.<\/a> (\u201cBonfire\u201d), a business unit of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software, today announced that Pedernales Electric Cooperative<\/a> (PEC) has reported a 150% increase in RFPs since adopting Bonfire Strategic Sourcing Software<\/a> to digitally streamline procurement processes and provide better service for their internal clients and vendors.\n<\/p>\n

\nPEC is the largest electrical cooperative in the United States, servicing more than 346,000 active accounts across 8,100 square miles of service area in Central Texas. PEC\u2019s paper and email processes, which were often circumvented by some departments because of their lack of efficiency and transparency, did not align with their goal to provide better service and strategic advice to their internal clients.\n<\/p>\n

\n\u201cPEC wanted to do more than simply standardize their procurement operations,\u201d said Omar Salaymeh, Chief Client and Product Officer at Bonfire. \u201cTo provide next-level support to the rest of their organization, PEC\u2019s procurement team needed a solution that would get quick and best-value results for their internal clients, without taking up too much of their time.\u201d\n<\/p>\n

\nAfter adopting Bonfire in March 2020, the PEC procurement department was able to transition from in-person to fully-remote work within days. One year after implementing Bonfire\u2019s online bidding software, PEC not only saw 150% growth in the number of RFPs they\u2019ve been able to run, but also saw immediate process improvements. For instance, when PEC needed to award a contract before energy prices changed, their procurement team was able to send out confidential files to all approved vendors with Bonfire\u2019s Q&A feature. Those efficiencies enabled the contract to be awarded by 10:00pm the same day.\n<\/p>\n

\n\u201cPEC\u2019s procurement processes were seen by the rest of the organization as burdened by red tape,\u201d said Salaymeh. \u201cBonfire introduced enhanced operational efficiency, improved visibility into the procurement pipeline, and a less demanding scoring process for evaluators. In my experience, organizations that are able to achieve similar levels of process improvements as PEC generate cost savings in the neighborhood of $225,000 per year.\u201d\n<\/p>\n

\nRead the full story on how PEC\u2019s procurement digital transformation led to better service for their internal clients and vendors here<\/a>.\n<\/p>\n

About Bonfire Interactive Inc.
\n
<\/b>Bonfire Interactive Inc. (\u201cBonfire\u201d) is a business unit of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software. Bonfire brings procurement online, ensuring 100% compliance, reducing cycle times, and improving transparency. Through the power of tools optimized for collaboration and in-app access to RFP insights and templates (surfaced from Bonfire\u2019s library of 40,000+ projects), Bonfire unlocks procurement\u2019s potential to drive greater agency impact, achieve better outcomes, and engage colleagues along the way. Bonfire\u2019s proven history of customer-driven innovation is trusted by hundreds of public procurement teams across North America.\n<\/p>\n

About GTY Technology Holdings Inc.<\/b><\/p>\n

GTY Technology Holdings Inc.<\/a> (NASDAQ: GTYH) (\u201cGTY\u201d)) brings leading government technology companies together to achieve a new standard in citizen engagement and resource management. Through its six business units, GTY offers an intuitive cloud-based suite of solutions for state and local governments spanning functions in procurement, payments, grant management, budgeting, and permitting: Bonfire<\/a> provides strategic sourcing and procurement software to enable confident and compliant spend; CityBase<\/a> provides government payment solutions to connect constituents with utilities and government agencies; eCivis<\/a> offers a grant management system to maximize grant revenues and track performance; Open Counter<\/a> provides government payment software to guide applicants through complex permitting and licensing procedures; Questica<\/a> offers budget preparation and management software to deliver on financial and non-financial strategic objectives; Sherpa<\/a> provides public sector budgeting software and consulting services.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210315005266\/en\/<\/a><\/span><\/p>\n

\nKate Nesbitt
\n
Alloy Communications
\n
kate@helloalloy.com
\n<\/a>
571-249-5503\n<\/p>\n

KEYWORDS:<\/b> North America Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> State\/Local Energy Public Policy Technology University Finance Primary\/Secondary Consulting Small Business Education Professional Services Public Policy\/Government Software Other Energy Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Pedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software The largest electrical cooperative in the United States adopted online bidding software to streamline their processes and improve internal customer service KITCHENER, Ontario–(BUSINESS WIRE)–Bonfire Interactive Ltd. (\u201cBonfire\u201d), a business unit of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software, today announced that Pedernales Electric Cooperative (PEC) has reported a 150% increase in RFPs since adopting Bonfire Strategic Sourcing Software to digitally streamline procurement processes and provide better service for their internal clients and vendors. PEC is the largest electrical cooperative in the United States, servicing more than 346,000 active accounts across 8,100 square miles of service area in Central Texas. PEC\u2019s paper … <\/p>\n

Continue reading “Pedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457734","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pedernales-electric-cooperative-achieves-150-increase-in-rfps-with-bonfire-strategic-sourcing-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Pedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software The largest electrical cooperative in the United States adopted online bidding software to streamline their processes and improve internal customer service KITCHENER, Ontario–(BUSINESS WIRE)–Bonfire Interactive Ltd. (\u201cBonfire\u201d), a business unit of GTY Technology Holdings Inc. and a leader in strategic sourcing and procurement software, today announced that Pedernales Electric Cooperative (PEC) has reported a 150% increase in RFPs since adopting Bonfire Strategic Sourcing Software to digitally streamline procurement processes and provide better service for their internal clients and vendors. PEC is the largest electrical cooperative in the United States, servicing more than 346,000 active accounts across 8,100 square miles of service area in Central Texas. 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