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Rockland, Chemung, Orange and Ulster Counties in New York State award mdf commerce's Source-to-Contract and Marketplace solutionsMONTREAL, Oct. 17, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (TSX: MDF), a SaaS leader in digital commerce technologies, today announces that Rockland, Chemung, Orange and Ulster Counties (the “Counties”) in New York State have signed a multi-year agreement for the usage of our source-to-contract solution and our Shop module, a marketplace to easily find and shop from available cooperative contracts. These Counties have been utilizing our sourcing module for over 15 years and, through this agreement, will upgrade their procurement efficiency to include our full source-to-contract technology and innovative shared marketplace. Strategic sourcing is critical for governments. The four Counties, with a total population of over one million, will now be able to leverage their collective buying power. Suppliers will benefit from the ease of using cooperative contracting to more efficiently serve government customers across the region and State. While cooperative purchasing is not new, the ability to shop contracts from a common marketplace is a new and innovative approach to public procurement. The marketplace will be accessible to all New York State agencies, and they will be welcome to join the community to streamline their procurement and benefit from the shared marketplace. Over the multi-year term of the agreement, these Counties will each have access to our comprehensive source-to-contract and marketplace solutions, stemming from our 20+ years of experience with the public sector, including four of the five modules of our suite: Source, Connect, Contract, and Shop. Our full-procurement solution, adopted by approximately 6,500 public sector buying organizations, powers the critical work of public procurement throughout North America and includes: SOURCE | Strateic Sourcing to streamline solicitation creation, publication, evaluation and awarding in one easy-to-use platform CONNECT | Vendor Management to improve insight and automation to connect with vendors throughout the procurement process with qualification, performance management and contract negotiation CONTRACT | Contract Lifecycle Management (CLM) to increase efficiency and transparency through collaborative authoring, performance monitoring and overall CLM PROCURE | Requisition to Pay to improve the entire procurement process through purchase orders, invoicing, payments, spend reporting and an integration with the entity ERP SHOP | Marketplace to provide the Counties’ buyers and other local municipalities in New York State a shared community and a convenient experience to order off existing contracts with supplier-uploaded catalogs "We are thrilled by these exciting developments in Rockland, Chemung, Orange, and Ulster Counties, building their community procurement collaboration through our source-to-contract and marketplace solutions. These enhanced tools will play a pivotal role in driving procurement transformation in these Counties. The inclusion of our Shop module, designed specifically for the public sector, further underscores our dedication to fostering innovation and collaboration among local government buyers," remarked Mark Eigenbauer, President of eprocurement at mdf commerce. "We are very enthusiastic about this initiative. By working in tandem with these Counties through strategic sourcing and supplier onboarding services, we expect to enable the success of the community program, while strengthening the collective purchasing influence of local governments across the State of New York." About mdf commerce Inc. For further information Brigitte Guay, Director - Corporate Communications
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