BidSync Signs New Nationwide REO Agency

AMERICAN FORK, Utah, Aug. 11 /PRNewswire/ -- Nationally recognized Real Estate Owned (REO) industry leader REO 2.0 has signed with BidSync to utilize the BidSync eProcure™ suite of electronic procurement solutions. The move will provide REO 2.0 with great cost-savings in administration and spend management of nearly 1,000 bids and jobs monthly, while adding their tens of thousands of national suppliers to the substantial BidSync vendor network.  BidSync provides a fast, cost-effective way for business development and growth opportunities for over 400,000 vendors across North America. Signing RE0 2.0 allows BidSync eProcure agency partners unprecedented access to a new category of suppliers from Commercial Banks, Asset Management Companies, Real Estate Investment Groups, Real Estate Brokers, Real Estate Agents, and Mortgage Companies.

"The current standard for preserving and rehabilitating foreclosed assets has proven itself costly. Until now banks have been forced to use inconsistent methods due to the sheer volume of work and time sensitivity. With REO 2.0 and BidSync, things are about to change!" said Jason Magoon, CEO of REO 2.0.

"We are excited to bring these new real estate opportunities and their corresponding robust supplier network into the BidSync family. This relationship with REO 2.0 adds great value for our existing BidSync agency partners by expanding our supplier network. Even more, working with REO 2.0 also provides our existing supplier network access to a new, multi-billion dollar market. We look forward to a mutually beneficial relationship and continued growth," added Billy Nerenberg, VP of Sales and Marketing for BidSync.

About BidSync

Based in American Fork, UT, BidSync offers a comprehensive array of SaaS-based purchasing and electronic procurement solutions for government agencies and businesses across North America.  Since 1999, BidSync products have helped organizations automate and manage their entire eProcurement process leading to greater efficiency and a reduction in cost of goods and services.  With the largest bid notification system in North America, suppliers and vendors are able to identify, respond to, and win bid opportunities that grow their business.  BidSync is committed to leading the eProcurement industry through integrity, innovation, client satisfaction, and financial strength and is devoted to maintaining an active profile within industry organizations and associations.

About REO 2.0

Based in San Diego, CA, REO 2.0 is an innovative company that brings a unique, streamlined solution to the REO industry and the foreclosure crisis nationwide. For over 6 years, REO 2.0 has provided a fully automated, interactive, national network allowing direct communication between client and vendor. This eliminates communication breakdown while saving time and money for both client and vendor. REO 2.0 gives back the power and provides the capabilities needed for companies to manage all their assets at a fraction of the cost.

SOURCE BidSync