New Bonfire Survey: 53% of Procurement Professionals Plan to Continue Working Remotely At Least Part Time Through 2021
May 18 2021 - 9:30AM
Business Wire
Reducing budgets, improving processes, and
digital transformation top 2021 local government procurement
priorities
Bonfire Interactive Ltd. (“Bonfire”), a business unit of GTY
Technology Holdings Inc. and a leader in strategic sourcing and
procurement software, today announced it has released results from
its new survey: Public Procurement Priorities and Strategies for
2021. The survey queried US-based local government procurement
professionals on their strategic approach to procurement in 2021
and how they anticipate the COVID-19 pandemic impacting their work
this year.
The survey found that more than half of procurement
professionals intend to work remotely at least one day per week or
more, through 2021. Over 30% of respondents said they plan to work
remotely most of the work week.
At the same time, respondents indicated their overall top three
priorities for 2021, include:
- Finding new ways to cut costs and reduce budget
- Increasing the speed and efficiency of processes
- Reevaluating digital transformation efforts
The survey responses highlight the continuing impact the
COVID-19 pandemic is having on local government procurement and the
benefits of flexible, digital solutions that increase procurement
speed and efficiency.
“As public sector organizations adapt to the new and changing
needs of their constituents, it’s clear that procurement teams are
prioritizing cost, speed, and more efficient, flexible processes,”
said Omar Salaymeh, Bonfire CEO. “Yet, with a majority of
procurement professionals and many vendors continuing remote or
hybrid work, digital transformation will be critical to achieve
those goals. Many procurement teams are utilizing FEMA
reimbursements or federal stimulus like CARES and ARP to help
modernize processes, bring them online and become more efficient.
It’s imperative that they continue to innovate and embrace digital
solutions that meet these priorities in the months and years
ahead.”
Since COVID-19 began seriously impacting North American
governments in spring 2020, many procurement teams have gone
through several phases of digitization to adapt. Countless teams
took reactionary measures to ensure operations like proposal
submissions, public bid openings, and evaluations could continue to
function in the midst of COVID-19, y et, the Public Procurement
Priorities and Strategies for 2021 survey demonstrates the
importance of reviewing current processes to determine if they
include digital capabilities for both procurement teams and others
such as evaluators and vendors. Based on the survey, these
stakeholders are likely to expect a digital experience upon
submitting bid responses, renewing contracts, or communicating with
procurement teams.
To read the full survey report, visit:
gobonfire.com/learn/survey-results-public-procurement-priorities-2021
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.
Forward-Looking Statements
This release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The company’s actual results may
differ from its expectations, estimates and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
company’s expectations with respect to future performance. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside of the company’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (1) the impact of the COVID-19 pandemic, or other
public health crises, on our operations, our customers and the
economy; (2) the risk that the ongoing integration of the
businesses acquired in our business combination disrupts current
plans and operations; (3) the ability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably and retain its key
employees; (4) our failure to generate sufficient cash flow from
our business to make payments on our debt; (5) changes in
applicable laws or regulations; (6) the possibility that the
company may be adversely affected by other economic, business or
competitive factors; and (7) other risks and uncertainties included
in our Annual Report on Form 10-K for the year ended December 31,
2020 and our subsequent filings with the Securities and Exchange
Commission. We caution you that the foregoing list of factors is
not exclusive, and readers should not place undue reliance upon any
forward-looking statements, which speak only as of the date made.
We do not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in our expectations or any change
in events, conditions or circumstances on which any such statement
is based.
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Kate Nesbitt Alloy Communications kate@helloalloy.com
571-249-5503
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