WATERLOO, Ontario--(BUSINESS WIRE)--MERX Networks (MERX), a subsidiary of Mediagrif Interactive Technologies (TSX: MDF), and Bonfire Interactive today announced a business relationship and the commercial availability of their integrated end-to-end electronic tendering and bid evaluation solution.
MERX is an enterprise and government grade strategic sourcing solution that is used by thousands of buying organizations to provide critical decision support for hundreds of billions of dollars in spend. Bonfire is an award-winning evaluation tool for bid / tender / RFP / RFx projects that lets purchasers and their evaluators collaboratively review and score supplier documents and data online for faster decisions and stronger compliance.
“Electronic bid evaluation is the missing link for electronic tendering,” said Paul Bodnoff, VP Operations, MERX Networks. “Without it the integrity of vendor selection and award processes are weak considering increasingly stringent accountability and transparency standards are becoming commonplace.”
“We view our integration with MERX as a real win-win for purchasers,” said Corry Flatt, CEO of Bonfire. “Purchasing teams can now use Canada’s leading eTendering and eEvaluation tools together seamlessly, without having to learn new complex systems or re-train internal users and suppliers. It’s a big win when the tools they already know and trust can come together to offer an end-to-end solution.”
Learn more at “The better way to evaluate bid proposals” webinar on April 29, 2015 at 12:00pm ET.
As Canada’s leading electronic tendering service, MERX has a long-standing record of innovation. In 2006 MERX unveiled Electronic Bid Submission (EBS), a highly secure service to streamline bid submission, processing and receipt. EBS quickly became an industry best practice due to its cost and paper-savings impact and affordable vendor submission fee. From this position, MERX realized that there was an opportunity to streamline the activities after bid receipt as well, and set about integrating Bonfire into their platform.
The integrated offering is available to buying organizations that are both MERX Enterprise and Bonfire users.
Flatt will be joined by Bodnoff to discuss the new strategic partnership during the “The better way to evaluate bid proposals” webinar on April 29, 2015 at 12:00pm ET. The webinar will feature special guest, public procurement expert Michael Asner, author of “The Request For Proposal Handbook”.
About Bonfire Interactive Ltd.
Bonfire is an award-winning online evaluation tool that helps purchasers make better, stronger decisions on their RFP, bid, tender, and similar projects. Founded in 2012 and developed with public sector purchasing team partners, Bonfire is an online way for purchasers to share supplier documents and scoresheets with their evaluators, providing a 50% faster evaluation cycle and 95% satisfaction rates from internal stakeholders vs. using paper submissions and Excel scoresheets.
MERX, a subsidiary of Mediagrif Interactive Technologies Inc. (TSX: MDF), is Canada’s leading electronic tendering service. MERX helps thousands of private and public organizations reduce strategic sourcing costs while improving efficiencies and accountability to stakeholders. For 17+ years, MERX has helped suppliers find business opportunities within the private and public sector including all levels of government in Canada and the U.S. With hundreds of billions of dollars in goods and services tendered through a global network of over 200,000 suppliers, MERX enables any organization to strategically optimize procurement with a 360 degree perspective of needs, supply and supplier performance.