FlexRFP is a cloud-based strategic sourcing solution that helps organizations to formalize information gathering routines which enables them to manage their business operations and meet client's requirements. FlexRFP features dynamic RFP's and reverse auctions that make vendors compete on price for organization's product and service needs. The solution also features project management capabilities that help users to map plans and coordinate activities of external and internal parties. Spend Analysis module helps users combine data from different payment systems into a single dataset and monitor their expenses by SKU, commodity or item.
FlexRFP is a cloud-based strategic sourcing solution that helps organizations to formalize information gathering routines which enables them to manage their business operations and meet client's requirements. FlexRFP features dynamic RFP's and reverse auctions that make vendors compete on price for organization's product and service needs. The solution also features project management capabilities that help users to map plans and coordinate activities of external and internal parties. Spend Analysis module helps users combine data from different payment systems into a single dataset and monitor their expenses by SKU, commodity or item.
Specifications
Business Size
Startup
Customization
Yes
Deployments
Cloud
Platforms
Product Details
Features
Full audit capabilities
Project status notification
Bid input controls
Bid template library
Visibility to historical items
Real-time spend analysis
Supplier and vendor management
Project status tracking
Supplier and vendor management
Supply chain management
Survey abilities
Bidder feedback reports
Eliminates duplicate work
Centralized contract repository
Create questionnaire
Sarbanes Oxley compliant
Project documents tagging
Optional scorecarding
Supplier self-serve registration
Live auctions
Benefits
Audit Capabilities
The solution enables users to substantiate their bid award decisions by offering archival and full audit capabilities.
Retrieving Meaningful Information
The solution allows users to tag projects and group information which helps in retrieving meaningful information through small queries.
Real-Time Spend Analysis
Real-time spend analysis tools are also offered by FlexRFP that allows users to update or re-create reports using a point and click interface.
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