It's that time again for state government agencies — fiscal year-end. June 30th marks the end of the fiscal year in 46 states, according to the National Conference of State Legislatures. All states and Washington, D.C., have enacted budgets for FY 2023. Sixteen of those states passed a biennial budget during their 2021 legislative session. The budget cycle requires that agencies spend all assigned budgets by their year's end to avoid a reallocation or reduction of their funding the following year. Essentially, you lose it if you don't use it by year-end. Therefore it is in leaders' best interests to ensure their entire budget is allocated efficiently and effectively. At Amazon Business, we want to help you take advantage of those year-end funds.
Amazon Business is designed for the unique needs of government agencies of all sizes. We simplify the process to provide direct access to bulk items, find sellers that comply with your agency's Buying and Approval policies, control and monitor spending across multi-users, and use spending analytics to make for smart business buying. Buyers can search from thousands of sellers, often at discounted prices.
One way to efficiently spend your year-end funds is with a Request for Quote (RFQ). This tool allows your team to avoid the back and forth negotiation with suppliers, while Amazon Business does the work to save you money on high volume purchases. Buyers can request a discounted price on single-SKU purchases greater than $10,000 or 999 units. Set your desired price and quantity for high-volume purchases and request a quote. Then access thousands of bulk suppliers who can support custom offers tailored to your agency's needs.
When buying in bulk, the RFQ tool can help when you:
Another way that we have made it easy to quickly fulfill your last-minute needs is with our storefronts tailored for B2B customers. These specialty storefronts are a one-stop destination that showcases top products based on specific needs. These include break room supplies, IT peripherals, women-owned businesses, and more.
Business purchasing leaders rely on data to identify opportunities and gaps to help them manage suppliers and spending. After spending, you will likely revisit whether to reorder or rethink where your money goes for next year's budget. The Business Analytics tool grants insight into spending visibility beyond the individual, pre-built, or custom spend reports and access to various reports, which makes it easy to compare the records for multiple or individual people via end-of-year reconciliation reports.
Amazon Business Analytics helps you to:
Amazon Business strives to be a one-stop shop that tailors reliable features and products for the unique needs of government organizations. We make it easy to drive savings for taxpayers and meet critical government mission needs. Tens of thousands of government customers, from buyers in cities, counties, states, and federal agencies, are purchasing from Amazon Business to achieve cost-savings goals, meet compliance requirements, reduce procurement complexity, and access unmatched selection breadth.
Learn how you can get the most out of your budget
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