eProcurement Opportunity - Revolutionize Contract Management

Opportunity Snapshot

  • Country: Australia Australia
  • Industry: Internet, eBusiness
  • Stage: Expansion/Growth
  • Investment size: $1,000,000 / min. $1,000,000
  • Type of investment: Equity

Investment Opportunity

Developed by an industry leader, this powerful e-based solution revolutionizes procurement activities by eliminating risk and administrative burden.

This is an opportunity to invest in the future of contract management.

This powerful e-based solution revolutionizes procurement activities by removing the huge administrative burden and risk associated with producing, disseminating bid, tender and procurement requests, the management of suppliers and the management of submissions.
It is an internet based portal with a proven track record of successful integration with an existing contract management system.

1. Prepare tender documents
2. Disseminate documents and call for quotes
3. Pricing submitted electronically
4. Secure e-tender box
5. Use a basis for evaluation
6. Inform successful suppliers

This is a software as a service application and current users include state and local government organisations, educational institutions, private companies, trusts, and many Not for Profit Associations and providers. The list of potential clients is limitless.

The current owner is willing to consider ongoing shareholding and active participation in the company and will consider all genuine offers either full sale, partial sale or an earn out period.

Offers close on 15th May, 2014 and all offers up to this date will be in the form of a Letter of Offer.

Competitive Advantage

Developed by an industry leader, the portal offers a one-stop solution to eProcurement and has a number of unique functions giving it a substantial advantage over its competitors:

• Comprehensive and on-time reporting
• Full audit trails
• Pre-Qualifies suppliers on-line
• Improves compliance, transparency, probity and governance
• Interface can be tailored to individual client requirements
• On-line quotation module
• On-line response module

Rationale for the deal

This is a software as a service application and current users include state and local government organisations, educational institutions, private companies, trusts, and many Not for Profit Associations and providers. The list of potential clients is limitless.

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