Our story
Bid management. Simplified.
very year the public sector spends a combined 15 trillion-dollars (globally) – or 20% of GDP on the procurement of outsourced goods and services through the competitive bidding process, making it the largest marketplace in the world.
Yet despite the size of the market, procurement is the least digitised function in the enterprise. On the bidding side, suppliers spend mor than 30% of their time searching for bid-related information, and hundreds of hours to respond to a single bid.
Due to the lack of standardised digital tools for suppliers, inefficiencies in the bidding process have become the primary risk factor in procurement. These inefficiencies lead to hidden costs being transferred to suppliers in the form of financial and opportunity costs, strain on the bid team, and the potential risk of project failure.
The inception of Bidhive was spurred by the firsthand experiences of co-founder Nyree McKenize, who recognised the challenges inherent in the traditional approach. When the search for a comprehensive end-to-end solution yielded no results, the decision was made to create one.
Together with her co-founder Aaron Godde, Bidhive was designed for companies of all sizes to provide complete visibility across the bid lifecycle, giving them a system of record and reporting to plan, manage and track their bid management and proposal response activity all in one place. In doing so, Bidhive delivers 80% cost savings and 30% improvement in win rates. What used to take days to write can now be achieved in seconds with Generative AI – leading to better margins and happier teams.
By using big data and advanced analytics, Bidhive helps companies better understand the relational factors behind their bid’s success or failure, and use this to shape a winning bid in the context of each new opportunity.
Bidhive is the only platform aligned to the UK National Occupational Standards for Bidding and Tendering; the global Association of Proposal Management Professionals (APMP) best practice framework and global Open Contracting Data Standards.
By facilitating the creation of higher-quality, compliant bids, Bidhive is enabling fair and equitable access to businesses of all sizes with a genuinely competitive offering that places structure and governance around the procedure.
Quick facts:
- Established 2017- Brisbane, Australia
- Launched May 2019
- Co-founders: Nyree McKenzie (CEO) Aaron Godde (CXO)
Awards:
”One to Watch”, Boston Consulting Group/Australian Financial Review Digital Transformation Leaders List 2023
Winner, 2021 AIIA iAwards Qld – Business & Industry Solution of the Year
Winner, 2019 Women in Digital Awards- AWS Founder of the Year
Silver Stevie Award, 2018 Startup of the Year
Finalist, 2018 Women in Technology Awards – Entrepreneurial startup category
