myfloridamarketplace public purchasing in florida myfloridamarketplace brief june 4, 2008

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MyFloridaMarketPlace Public Purchasing in Florida MyFloridaMarketPlace Brief June 4, 2008

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  • MyFloridaMarketPlacePublic Purchasing in Florida MyFloridaMarketPlace Brief June 4, 2008

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • Background of the InitiativeMyFloridaMarketPlaceConnecting Buyers and VendorsExpanding Opportunities.Governors initiative to implement a single, statewide eProcurement solution enabling electronic buying, selling and payments of invoices

    Aggregate all Government spending into an efficient buying channel

    Leverage new technology and capitalize on best practices

    Generate savings through Strategic Sourcing and process efficiencies

    All costs associated with the project are paid through the 1% transaction fee

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • Role of MFMPMyFloridaMarketPlace (MFMP) is the states one-stop shop for buyers and vendors of the State of FloridaProvides the full life cycle of purchasing (requisition to payment of goods and services)Connects buyers and vendors through electronic exchange of catalogs, quotes, contracts, purchase orders, invoices, etc.Integrated with the State of Floridas financial system (FLAIR)Supports efficient government by focusing on best practicesMaximizes the states buying power by getting the best valueConnects agencies with 99,000 + vendorsBuyers and vendors have access to MFMP 24 hours a day, seven days a week

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • Buyer Benefits of MFMP

    Better availability of purchasing informationReduced cost of goods and servicesReduced paperwork through the approval processReduced overhead and processing costs Faster order processing timeImproved consistency of operationsImproved quality of interactionsOnline history for every purchasing and payment transaction

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • Vendor Benefits of MFMP

    Reduced marketing costs24/7 access to more bid opportunities and informationEqual access for small and minority businessesLess paperwork and processing timeImproved quality of interactionsFaster payments

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • Procure to Pay ProcessCreate purchase orderSelect a vendor from the registered vendor listChoose items from online catalogsApprove requisitions based on agency and State Purchasing rulesIssue Purchase OrderConfirm availability of funds for making particular types of purchases by interfacing with FLAIR, the state of Florida accounting systemVendor receives electronic purchase orderAgency receives good online directly against the original purchase orderElectronic invoices create an easy to use payment processEnter invoice informationApprove invoice and submit to FLAIR, which issues the final payments to the vendors

    RequestApprovalOrderReceivePayFLAIR

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • MFMP Contact InformationFor additional information, please navigate to the MyFloridaMarketPlace site via the DMS website: http://dms.myflorida.com Click on the MyFloridaMarketPlace link on the shortcut menu

    For Buyer assistance, please:Contact (866) 352-3776 or [email protected]

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.

  • Historical Perspective

    We tend to focus on what is before us, our goals and objectives. Sometimes, it is important to take a look back and see how far we have come.

    Examples of Progress2004 Report to Legislature33,000 vendors15,700 CMBE/MBE2,800 users10,800 POs0 invoices0 catalogs loaded9 agenciesMany items planned @ $7 MM revenue

    2008 Report to Legislature99,000 vendors32,000 CMBE/MBE (32%)13,700 users561,000 POs823,000 invoices875 catalogs loaded31 agencies w/ Leg. comingMany items still planned but many items [email protected]$26 MM revenue

    This information is proprietary and confidential to Accenture LLP. 2002. All rights reserved.