Onvia's New Spending Forecast Center Release: A Game-Changer For Companies Pursuing Future Government Projects

SEATTLE, Dec. 10, 2012 /PRNewswire/ -- Onvia, a leading provider of government contracting opportunities and business intelligence to U.S. companies, announces a new release of its Spending Forecast Center search tool. The release is highlighted by the addition of searchable Project Previews, which give Onvia's clients an unmatched ability to quickly and easily identify future revenue opportunities from government agencies' forward-looking capital improvement plans.

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With Project Previews clients can quickly analyze the best future opportunities to pursue. Instead of expending the significant time and effort required to locate and qualify projects in agencies' spending-plan documents, clients can simply search Spending Forecast Center for Project Previews that match their product or service. Each preview  provides the key details about the project, including its budget, description, funding source, priority, timeline, status, and contact person. Clients can also export the targeted projects to spreadsheets for sales and business development planning.

Spending Forecast Center will be featured in Onvia's upcoming webinar, "Forecast Your Government Market with Agency Spending Plans," which will be held at 2 p.m. ET on Wednesday, Dec. 12.

"Following the original release of Spending Forecast Center in 2010, clients told us that they greatly valued the access to the plans and budgets that Spending Forecast Center provided. But those documents are typically hundreds of pages long and difficult for clients to navigate," said Henry Chou, Onvia's vice president of product. "So to improve time efficiency for our clients, we created Project Previews, which let them search for future projects as easily as they search our Online Database for bids and RFPs."

Among the capabilities that Spending Forecast Center now brings to Onvia's clients:

• Build sales pipelines for the years ahead and receive monthly email messages containing project updates and new projects to pursue
• Analyze their future markets by developing revenue forecasts and identifying states and regions with the most project activity
• Target the agencies and decision makers to connect with and create agency lists for marketing campaigns.

"Our clients in construction, architecture and engineering, information technology and transportation will get particularly high value and ROI from Spending Forecast Center," said Chou, "because these types of companies are very often involved with major capital projects and purchases. But Spending Forecast Center can be of great value to any client who recognizes the benefit of getting in early with agencies ahead of the competition and establishing the foundation for future contract wins."

For more than 12 years Onvia (NASDAQ: ONVI) has been delivering the data, analytics and tools companies rely on to succeed in the $5.5 trillion government-contracting market.  Onvia tracks, analyzes and reports the spending of tens of thousands of federal, state and local government agencies, giving companies a single source for conducting open, intelligent and efficient business with government.  Along with providing an exclusive suite of integrated business tools for a wide variety of industries, Onvia offers DemandStar, an automated e-procurement system that streamlines agency procurement processes.  For information about Onvia, visit www.onvia.com.  

SOURCE Onvia