Case Study: State of Tennessee boosts procurement participation and savings with Aquiire

State Dramatically Grows Procurement Participation to Drive Savings and Compliance

The State of Tennessee was losing millions annually due to off-contract spending and a lack of visibility into its negotiated supplier agreements. Their challenge was to create an intuitive online system that would increase compliance, simplify procurement, and provide comparison shopping for state and local government employees, complementing their existing PeopleSoft ERP system.

The vendor, Aquiire, implemented a customized B2B marketplace solution called "TNSmart Shop." This cloud-based portal provided a single repository for supplier catalogs and negotiated pricing, which drove a 60% growth in state and a 25% growth in local government participation in just one year. The solution from Aquiire opened state contracts to all affiliated entities, leading to increased volume discounts and significant savings through greater user adoption.

State of Tennessee

Matt Ross

State Projects Manager