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May 18, 2021
KITCHENER, ONTARIO, May 18, 2021 – 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:
1.Finding new ways to cut costs and reduce budget
2. Increasing the speed and efficiency of processes
3. 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, yet, 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.
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