Vendor Registry is redefining the way local governments and their vendors do business in the $500B public procurement market.
From autos to construction to landscaping, nearly every US business is a potential vendor to local governments. Despite local governments spending $500B/yr with vendors, <1% of businesses participate. The 90,000+ local governments’ cumbersome, paper-based procurement processes create a bureaucratic barrier. Insufficient vendor competition increases costs and decreases quality of the products and services governments buy.
Vendor Registry provides an online registration and bid notification system that solves the pain of both governments and vendors. Local governments use the online system to easily register, maintain, recruit and notify vendors. For the first time ever, businesses create one profile that they use to register with all governments on the platform and subscribe to receive notices when governments are buying their products and services.