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The management of RFPs are a time consuming and often costly business process. It’s no wonder many refer to it as a Request for Problems!

Not only do significant resources go into the creation of RFPs but there are also the manual downstream tasks of managing and evaluating vendor responses to ensure a fair, transparent and streamlined process.

With Neota you can build an RFP Management solution that automates the complete end-to-end process of RFP generation, vendor submission, automated weighted score assignment, review and analysis.

Corporate Legal

What makes Neota's RFP Use Case better?

Simple & effective
Simple & effective

Simple and effective collaboration between you and your vendors

Reduce costs
Reduce costs

Reduce costs and sourcing cycles

Increase Efficiencies
Increase Efficiencies

Automate the solution of weighted scoring to vendor answers for streamlined analysis

"Only Neota Logic was able to provide the technology and development needed for us to provide the quality, efficiency, and effectiveness that we needed"
David Simon
Foley & Lardner LLP, Partner

Request for Proposal (RFP) Management

Automate the entire RFP process

1. Extend the possibilities

This solution can be further applied to any process which requires the allocation of a weighted score to a particular answer/data point - e.g IT risk assessment, data security due diligence etc.

2. Streamline & standardize RFPs

No longer do you have to send an RFP in PDF or Word format to vendors and wait for the myriad of responses to trickle in. Not only does the solution streamline and standardise how RFPs are created and distributed by your organisation, but you can also use it to automate the collection and analysis of vendor responses and ensure you have a transparent and equal process for each and every RFP.

3. Online form inputs

Using this solution, RFPs are sent in a web-based digital solution to market by email and vendors are able to enter their responses through online form inputs. Answers are collected and can be presented side-by-side for each RFP on demand. Where applicable, multiple choice answers are automatically weighted based on pre-set logic, and assigned a score. Open-end answers are presented to the evaluator for manual scoring and integration into the overall response score.

4. Ensure your deadlines are met

Ensure strict RFP deadlines are met by streamlining vendor communications such as reminders, and clarification, all of which can be automated within the solution. All communications are then stored against the vendor responses and can be retrieved at your convenience.