eBridge News
A Midwestern city partnered with eBridge to purchase water treatment chemicals a total of 12 suppliers participated in the event, placing a total of 231 consecutive bids.
In a reverse aucution, suppliers have the opportunity to place subsequent lowering bids for a product or service. In this case, several different water treatment chemicals. First place changed hands 29 times, with the clock extending 94 times.
Because the price of chemicals is volatile, it’s important to note that first and second place suppliers were less than .2% apart, indicating true market value had been achieved for the purchase.
The city was very pleased with the bid and will run several more items through the process in the future.
The Associated Press
October 17, 2010
DANVILLE, Ky. — A central Kentucky city has turned to online auctions to buy supplies such as road salt, water treatment chemicals and a new city fire truck.
Danville city commissioners and an official with the company running the sales say the method appears to be saving the city money.
Jock Kinnett, a representative of Louisville-based eBridge, told the Danville Advocate-Messenger that the city saved 16 percent on chemical purchases over the previous year.
The company organizes auctions for public procurement in a timed setting, much the same way an eBay auction is operated.
Kinnett said the company collects a percentage of the sale from the seller after the city has paid the vendor.
Read more: http://www.kentucky.com/2010/10/17/1483627/ky-city-turns-to-online-auctions.html#ixzz12iQDrDYo
A prominent south Florida city partnered with eBridge to purchase steel containers and roll off boxes. These items are used in waste management.
Four suppliers participated in the event, placing a total of 526 bids on the 26 different line items. The clock extended 110 times, allowing suppliers to continue to compete for business. First place changed hands 114 times, making the event outcome uncertain until the very last second.
Final pricing indicated a savings of 29%. It should be noted that the savings is based on a 2008 budget number for this bid- two years ago.
A Kentucky city partnered with eBridge to purchase their road salt in preparation for the winter months. eBridge ran this same bid last year and the city knew the reverse auction process was necessary for their city to purchase the salt at a competitive price point.
eBridge’s team of purchasing professionals sourced suppliers for this bid, with four being chosen by the city to participate.
During the bidding event, a total of 160 bids were placed among the four suppliers, resulting in 80 first place turnovers and 59 extension of the clock, indicating the suppliers were ready to compete for this business.
At the conclusion of the bid, the city had realized a 10% savings versus last year’s pricing, indicating that while they purchased competitively last year through the reverse auction, they achieved true market value for their purchase for both this year and last.
Brings Fortune 500 executive experience and innovation to leadership team
Louisville, KY- September 27, 2010– eBridge Business Solutions, a leader in fully managed business solutions and recently named one of American’s fastest growing companies by Inc Magazine for 2010, today announced the formation of the Board of Directors.
Members include James Headlee, Gregg Dedrick, Neil Ramsey and Miguel A. de Jesus. The formation of the board comes after the development of the eBridge brand and explosive growth through their cost reduction strategies including reverse auction solutions and the addition of two new services, managed merchant card processing and web based payroll.
“Forming a Board of Directors with this caliber of seasoned professionals ensures the company will continue to benefit from a diversity of knowledge and opinions. Because of their strong leadership skills, extensive management experience, and proven track records, they make an excellent team to lead eBridge,” said Steve Lewis, President.
About the Board
James Headlee is eBridge’s Chief Executive Officer. He is responsible for overseeing the strategy and direction of the company. Jim leverages 25 years of experience in procurement strategies, negotiation and consulting to bring foresight and depth to the eBridge Board of Directors. Prior to eBridge, as the founder and CEO of Summit Energy, Jim spent 17 years leading the organization’s explosive growth, developing energy solutions for Fortune 500 companies and employing more than 325 staff members across seven international offices.
Gregg Dedrick is co-founder of Whole Strategies, an organizational consulting firm. Prior to Whole Strategies, Gregg was President and Chief Concept Officer at KFC where he led the development of the company’s grilled chicken product. Gregg has held senior executive positions at KFC, Yum Brands, Pepsi-Cola and Pizza Hut and brings nearly 30 years of experience in operations and organizational resource planning.
Neil Ramsey is President and Chief Executive Officer of Ramsey Quantitative Systems, Inc. (RQSI), a Louisville, Kentucky-based private investment firm. Neil is primarily responsible for the leadership of quantitative strategies development and providing strategic direction for RQSI. Prior to forming RQSI, he was a consultant at the Boston Consulting Group where he worked with both domestic and foreign multi-nationals in developing corporate strategies.
Miguel A. de Jesus is a highly accomplished, results-oriented senior-level leader with more than 20 years experience leading business management and development, and global sales and marketing with two Fortune 500 companies. Miguel is a Certified Professional Coach (CPC)- an ICF accredited program from the College of Executive Coaching. He is also an MBA business consultant and executive level business and career coach, dedicated to helping others achieve greater traction in the direction of their dreams.
About eBridge
eBridge Business Solutions, LLC provides fully managed cost reduction strategies including reverse auction procurement, managed merchant card and web based payroll services. eBridge was recently named one of America’s fastest growing companies by Inc Magazine.
Louisville, KY- September 13, 2010- eBridge Business Solutions, a leading provider in outsourced purchasing solutions, today announced the promotion of Stephen Lewis to President. Lewis will be responsible for developing the overall strategic business initiatives and growth strategy for eBridge Business Solutions. He will also be responsible for developing and overseeing eBridge’s marketing and brand strategy and sales force across the country.
Lewis first joined eBridge in February 2010 as Vice President of Sales and Marketing, where he helped develop eBridge’s go-to-market strategy and implementation of additional services including web based payroll and managed merchant card services. Lewis has also laid the foundation for recruiting top tier sales professionals and a rigorous training program.
Stephen has brought leadership and innovation to eBridge,” said James Headlee, CEO, “Because of his background and experience we have added additional services and been able to attract a top tier sales force in the market today.”
“I look forward to continuing to provide value and leadership to eBridge customers and team members in this new role through our robust product offering that delivers measurable results,” said Lewis.
Brings proven record of sales development and training experience
Louisville, KY- September 7, 2010- eBridge Business Solutions, a leading provider in outsourced purchasing solutions, today announced a new Vice President of Sales, Matt McGeary. McGeary joins eBridge in a leadership, training and management role for development and execution for sales efforts.
McGeary is an experienced sales leader, bringing 10 years of sales development and training experience to the eBridge team. McGeary first joined eBridge in March 2010, serving a business development representative in the Chicago area.
“Matt’s background and proven skill set in training and inspiring sales teams make him a vital part of our sales expansion and growth,” said eBridge CEO Jim Headlee.
Prior to eBridge, he served as a district sales manager for Paychex, where he was tasked with increasing revenue production for two districts with a history of under achievement. McGeary has developed multiple strategic selling and training programs that helped produce over 50% revenue growth for his territories.
“The market needs our services,” said McGeary, “And with the proven leadership team and value of our product offering this company is poised for success. I am thrilled about joining eBridge and leading our sales efforts with this group of seasoned professionals.”
A large hospital system enlisted the expertise of eBridge Business Solutions to purchase new, state of the art radiology equipment for one of their hospitals, utilizing the reverse auction process. The purchase included four line items along with installation costs.
eBridge sourced five suppliers to participate in the event.
During the course of the bid, the five suppliers placed a total of 52 bids. The final low bids were 30% below the hospitals’ budget amount for this purchase and are poised to run several auctions for additional equipment before the end of the year.
eBridge purchasing professionals provided guidance to the hospitals’ purchasing staff throughout the process. With the expertise and strong partnership with the innovative team of purchasers at the hospital, the event was a success and delivered bottom line savings to the hospital organization.
The Hiring Incentives to Restore Employment (HIRE) Act, also known as the “jobs bill,” is a plan to create jobs by providing a temporary tax break to companies that hire the unemployed. The bill also extends federal highway programs through the end of the year.
Below is some additional information about the bill and what you need to know as an employer. If you have any questions or need assistance, please contact Jacquelyn Campbell at 502-491-1980.
Click here to view the entire Act from the IRS’ website.
Fill out and print the Form W-11: HIRE Act Employee Affidavit.
National Payroll Week celebrates the hard work by America’s 156 million wage earners and the payroll professionals who pay them. Together, through the payroll withholding system, they contribute, collect, report and deposit approximately $1.7 trillion, or 71.9%, of the annual revenue of the U.S. Treasury.
As a payroll provider, eBridge recognizes that payroll has evolved into a commodity based solutions and we have structured our payroll service to provide all the features and functionality to effectively pay your employees at a very competitive price point. Whether you pay one employee or 1,000 employees, we can help you maximize your payroll system capabilities with a personalized implementation plan.
Below is a link to the National Payroll Week website, where you can find excellent resources and extensive information about the payroll industry.
http://www.nationalpayrollweek.com/index.cfm