Pedernales Electric Cooperative Achieves 150% Increase in RFPs with Bonfire Strategic Sourcing Software
March 15 2021 - 10:00AM
Business Wire
The largest electrical cooperative in the
United States adopted online bidding software to streamline their
processes and improve internal customer service
Bonfire Interactive Ltd. (“Bonfire”), 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’s 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.
“PEC wanted to do more than simply standardize their procurement
operations,” said Omar Salaymeh, Chief Client and Product Officer
at Bonfire. “To provide next-level support to the rest of their
organization, PEC’s 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.”
After 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’s online
bidding software, PEC not only saw 150% growth in the number of
RFPs they’ve 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’s
Q&A feature. Those efficiencies enabled the contract to be
awarded by 10:00pm the same day.
“PEC’s procurement processes were seen by the rest of the
organization as burdened by red tape,” said Salaymeh. “Bonfire
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.”
Read the full story on how PEC’s procurement digital
transformation led to better service for their internal clients and
vendors here.
About Bonfire Interactive Inc. Bonfire Interactive Inc.
(“Bonfire”) 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’s library of 40,000+ projects),
Bonfire unlocks procurement’s potential to drive greater agency
impact, achieve better outcomes, and engage colleagues along the
way. Bonfire’s proven history of customer-driven innovation is
trusted by hundreds of public procurement teams across North
America.
About GTY Technology Holdings Inc.
GTY Technology Holdings Inc. (NASDAQ: GTYH) (“GTY”)) 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 provides strategic sourcing and procurement software to
enable confident and compliant spend; CityBase provides government
payment solutions to connect constituents with utilities and
government agencies; eCivis offers a grant management system to
maximize grant revenues and track performance; Open Counter
provides government payment software to guide applicants through
complex permitting and licensing procedures; Questica offers budget
preparation and management software to deliver on financial and
non-financial strategic objectives; Sherpa provides public sector
budgeting software and consulting services.
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Kate Nesbitt Alloy Communications kate@helloalloy.com
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