Spotlight IconPeriscope Holdings, Inc.

Enterprise Sponsor Program Company Profile:


PeriscopeBrief Description and History

Periscope Holdings, Inc. is a leading provider of public sector procurement, serving 900 customers nationwide. Our solutions streamline processes, decrease expenditures, increase efficiency and create transparency. Periscope offers BuySpeed™ an end-to-end enterprise eProcurement suite encompassing vendor management, requisition, sourcing, purchase order, contract/catalog management, receiving, invoicing, inventory, business intelligence and financial systems integration. We also serve as the sole custodian of the NIGP Commodity/Services Code.

Periscope was created in 2001 with the acquisition of Simonton Enterprises (creator of APS DOS) and three technology companies focused on public sector procurement. When initially introduced in 1997, BuySpeed™ represented a breakthrough in public purchasing software, combining the thirteen years of experience with APS DOS (created in 1984) with relational database management capabilities. APS DOS was deployed at over 450 governmental entities, resulting in a rich set of capabilities developed specifically for the public sector. BuySpeed is now a 100 % web-based JAVA application – the culmination of 29 years of research and development. 

Products/solutions unique to the government

Yes. As indicated in the company history, Periscope offers BuySpeed™, the NIGP Code and consultative services, all of which contribute to the company’s mission to vastly improve the unique procurement processes of public sector organizations, from local sanitation districts to some of America’s largest states and agencies. Our products and solutions succeed in refining cost control and aligning the people, processes, and technologies, thus optimizing efficiency for purchasing professionals within cities, counties, states, school districts and political subdivisions. Our purpose is to enable our clients to eradicate waste and maximize the value of every dollar spent. 

An example of a government-related project that was innovative - something that helped solve a problem or contributed a solution

Periscope has proven capabilities of BuySpeed™ and the services team in multiple enterprise-wide, public sector projects. Our clients recognize tangible business value and are highly decorated, e.g. Arizona’s award-winning ProcureAZ is the Winner of the NIGP 2011 Innovation Award, Finalist for the NASPO 2011 Cronin Award, Finalist for the 2012 Procurement Leaders Award for International Public Sector Excellence; and Winner of the NASPO 2012 Bronze Cronin Award. In addition, Periscope recently received the 2012 Best Fit Integrator Award, presented by the Center for Digital Government, for Collaboration in Finance and Administration for our work with the State of Arizona on their eProcurement transformation project.

ProcureAZ

Anticipating the future of your primary market, are there new technologies being developed or adopted that will have an impact on the way products and/or services are delivered?

Advent of mobile and tablet technology has promised to be a large opportunity for entities to eradicate waste, and Periscope is looking for ways to embrace those technologies.

New technologies being developed or adopted that will have an impact on the way products and/or services are delivered

Advent of mobile and tablet technology has promised to be a large opportunity for entities to eradicate waste, and Periscope is looking for ways to embrace those technologies. 

Suggestion for improving the procurement process...

We envision that the procurement process has the potential to improve significantly if all procurement-related organizations were to dig deep and discover the core purpose of what they do as an organization and become more driven to fulfill that purpose. For example, at Periscope, our purpose is to eradicate waste and bring value to every dollar spent by our clients. By maintaining awareness of this objective and persistently making it the foundation for our business activities, we continue to succeed in not only decreasing expenditures and increasing organizational efficiency, but especially in increasing customer satisfaction.

As an Enterprise Sponsor, Periscope Holdings hopes to impact the public procurement community by...

Our hope at Periscope is to continue to carry out our mission, values and purpose in all areas of our company. We pride ourselves on the notion that we are a purpose driven organization and strive to do whatever we can to help entities in the public sector eradicate waste in order to maximize the value of their spending. To us, it is not just about offering the lowest price for our products and solutions – it is about helping our clients and communities. 
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