On the Radar: Ovum Review of the Bonfire Strategic Sourcing Solution

This report provides a third party review of Bonfire Strategic Sourcing by leading analyst firm, Ovum. On the Radar features vendors who bring innovative ideas, products, or business models to their markets. 

This report highlights:

  • Public sector concerns for compliance, governance, and fit with their unique process
  • How Bonfire is uniquely delivers on these priorities compared to traditional RFP portals that enable posting and document aggregation but fail to bring the entire process online
  • Key impact metrics of the Bonfire Strategic Sourcing solution including an average 20% cost savings, two-times faster procurement process, deep compliance, and accelerated adoption with 93% of users recommending it

 

“Several RFP portals enable posting and document aggregation, while very few actually bring the entire process online, offering the ability to manage, post, receive responses, evaluate, and award all in one platform. Bonfire uniquely delivers on these priorities.” 

Terry White, Associate Senior Analyst, Ovum.