The investment management RFP: Everything you need to know
When it comes to entrusting assets to a financial services firm, there’s a lot at stake. Investment committees and plan sponsors need to use a thoughtful, methodical process to s...
Product & Best Practices
Win more bids by scaling your response management process – part 1
You have probably heard the expression that you can't win if you don't play. The business equivalent of not playing is failing to respond to an RFP. You might ask what that has to ...
How to use a vendor comparison matrix
When selecting a vendor, it can be difficult to visualize the differences between offers. Indeed, this is particularly complex when reviewing RFPs. Luckily, a vendor comparison mat...
A beginner’s guide to procurement analytics
Procurement analytics has been a hot topic among supply chain and procurement professionals for several years. Indeed, in 2019, Deloitte’s annual CPO survey focused heavily on th...
RFI vs RFQ vs RFP: Which should it be?
How do you know if you should use an RFI vs RFP vs RFQ? It all comes down to what you’re trying to accomplish. While they all help organizations gather information from vendors...
Award notification letter template
Share the good news with your new vendor.
At the end of your RFP process, after scoring and evaluating the proposals, it’s time to make your selection. Once you’ve selected th...
Protect sourcing decisions with a vendor risk assessment.
Engage vendors that take security and compliance as seriously as you do — easily including a risk-focused evaluation into your RFx process.
Mitigate vendor risk
Sim...
Best new product features for 2022
We all knew that 2021 was going to be a major upgrade to 2020. There was nowhere to go but up. But, wow, it ended up being a huge leap forward for Responsive (formerly RFPIO) and o...
An easy RFP checklist: Create complete and consistent RFPs
Issuing a thorough, comprehensive RFP requires a carefully choreographed series of steps. From research and approvals to documents and addendums, there’s a lot to remember. No ma...
Employee benefits RFP guide: Best practices and examples
There’s a lot of pressure when you undertake a new employee benefits RFP. Indeed, finding the right combination of employee benefits has a significant impact on employee morale, ...
Request management: Elevating RFx processes to improve sourcing
As anyone in procurement can tell you, there’s a lot more to successful sourcing than simply sending out an RFP. Indeed, gathering information from potential vendors often requir...
10 ways RFPIO customers can strengthen security
$4.35 million. That’s the global average cost of a data breach in 2019, according to Statista.
So it’s no wonder that companies invest heavily in cybersecurity. By 2025, it'...
