mdf commerce inc. announced that the Texas Comptroller of Public Accounts (?Texas CPA?), an agency of the State of Texas (the ?State?), has signed an agreement for its Statewide Procurement Division (SPD) to use source-to-contract suite of solutions, which includes a supplier portal for reconciliation and payment of convenience fees, an important need for the office. This initiative will power the SPD?s contract development, supplier relationship and contract management processes. It will play a critical role in the integration between source-to-contract solution and both the Electronic State Business Daily (ESBD), an online application of the Texas SmartBuy website where agencies post bid opportunities and awards, and the Centralized Master Bidders List (CMBL), the state?s global suppliers?

directory. SPD is the central purchasing office responsible for awarding and managing non-IT statewide contracts used by more than 200 state agencies and 1,750 local governments. Over the term of the agreement, the Texas Comptroller will benefit from comprehensive source-to-contract technology, stemming from 20+ years of experience with the public sector, including the workstream functionalities of three of the five modules of suite: Source, Connect and Contract.

Our full-procurement solution, adopted by approximately 6,500 public sector buying organizations, powers the critical work of public procurement throughout North America and includes: SOURCE | Strategic Sourcing to streamline solicitation creation, publication, evaluation and awarding in one easy-to-use platform. CONNECT | Vendor Management to improve insight and automation to connect with vendors throughout the procurement process with qualification, performance management and contract negotiation. CONTRACT | Contract Lifecycle Management (CLM) to increase efficiency and transparency through collaborative authoring, performance monitoring and overall CLM.

PROCURE | Requisition to Pay to improve the entire procurement process through purchase orders, invoicing, payments, spend reporting and an integration with the entity ERP. SHOP | Marketplace to provide buyers a shared community and a convenient experience to order off existing contracts with supplier-uploaded catalogs.