RFX

Challenge:
RFx (RFP, RFQ, RFI) are time consuming, and resource intensive. They typically are associated with severe backlog problems.

Online procurement helped bring together suppliers and vendors, opening up the flood gates. It increased competition and reduced barriers to entry. The draw back of facilitating the communication between buyers and suppliers is that suppliers suddenly find themselves flooded with responses to their solicitation. The new generation of sourcing solutions aims at dealing with these time consuming, resource intensive processes. In particular the selection process that requires reading, analyzing, assessing, and scoring all the proposals.

Solution:
Procusoft is leading the new generation of procurement solution with its revolutionary "apples and oranges comparison engine". Imagine an engine that can read, analyze, assess and score the proposals without the intervention of a human, and with the same level of know how as the experts. Now all you need to do is articulate your business need in the solicitation and the system "does the rest". This reduces by more than 50% the cost, time and resources required to process solicitations.