This contract is for the purchase and implementation of BuySpeed Automated Governmental Purchasing software by Periscope Holdings Inc. The software will provide a range of features including automated bid management, electronic bid receipt, and contract lifecycle management. The contract is valued at $606,623.00 over a period of 5 years, with an annual expenditure of $121,204.60. The software is expected to improve the efficiency of the purchasing process and provide a range of benefits including reduced manual processes, improved reporting, and increased transparency. Key features of the software include:
• Automated bid management and electronic bid receipt
• Contract lifecycle management
• Improved reporting and analytics
• Increased transparency and accountability
• Reduced manual processes and improved efficiency
• Integration with existing Oracle ERP system