The vendor selection process is probably the most important function in the vendor management life cycle. Without a sound process for identifying competent vendors and selecting the best candidates, your company’s performance can be compromised.
Whether you need help managing the entire process or a tool to aid in the selection process, we can provide you the solution you need. Our technology can speed your ability to properly identify, review and select the appropriate partners. Our automated survey capabilities allow you to prepare and send Request for Proposals (RFPs) to any vendor. Vendors in-turn can respond on-line and upload requested documents so you can easily view in a secure and efficient fashion. Scoring of vendors can also be performed on-line making the selection process efficient and fully transparent to internal users or external parties.
Responding to Requests for Proposals or Due Diligence Questionnaires
With the increasing level of scrutiny companies are placing on their vendors, responding to an RFP or an audit could be critical to maintaining or acquiring new business. We can help you properly respond to an RFP to improve your chances of making it through the selection process.
In addition, we can help respond to audits or manage the process for you, giving you the best chance of passing your audits. Our teams have significant experience within the Financial Services Industry both within the audit and procurement sectors.