Leading global comprehensive software solutions provider Bentley Systems Inc. has added a cloud-based procurement management option to its vast suite of solutions with the acquisition US-based eBid Systems.
eBid’s ProcureWare is a cloud-based procurement management solution, which encompasses the complete sourcing lifecycle and standardises supplier qualification and management – from supplier selection and pre-qualification through online bidding, analysis, award, and contract management – streamlining the bidding process, promoting cost savings through increased supplier competition, and mitigating risk through visibility into decision making.
Eric Law, Bentley Systems’ senior director, construction product management, said the ProcureWare solution helps Bentley achieve its vision for an integrated, end-to-end engineering-procurement-construction lifecycle.
With the addition of an integrated procurement solution, Bentley users will be able to execute all phases of a project with a complete project delivery portfolio, he added.
Through ProcureWare, eBid Systems’ flagship offering, users have access to online bidding with the project delivery supply chain, saving weeks in the requisition to award cycle for the procurement of contractor services.
eBid Systems provides procurement solutions to hundreds of organisations including engineering, architecture, and construction firms and public-sector organisations that collectively manage more than 270,000 vendor accounts. Since the company’s founding in 1999, eBid Systems software has processed more than 4 million bids resulting in US$11 billion in awarded contracts.
