Oregon has chosen Periscope Holdings to build out a statewide procurement marketplace. Periscope Holdings will create the marketplace with its BuySpeed eProcurement system. Agencies will begin publishing RFPs and bid opportunities mid-2020, with full procure-to-pay rollout after that.
Oregon says that with the transition to the new system, state government will have greater visibility into their spend at the agency, category and contract levels. By having more data available on procurement the state hopes to be able to streamline spending strategies and identify savings opportunities.
Oregon buyers will be able to shop publicly sourced contracts and the open market through the OregonBuys Marketplace. The OregonBuys Marketplace will facilitate comparison shopping and best value purchasing across Oregon’s own contracts, those managed by other public sector organizations, cooperative contracts, and the open market.
Periscope Holdings was given a five-year contract to build out and support the marketplace.
Once OregonBuys is fully operational state officials hope to be able to fully eliminate the manual RFP process, which varies from agency to agency and is difficult to track. The first phase of the project will be to replace the Oregon Procurement Information Network (ORPIN). Periscope will then build out the rest of the procure to pay platform over time.
