RFP365

RFP365

RFP365 provides software to facilitate the entire RFP process. From RFP creation, through vendor response collection, to scoring, this intelligent RFP software connects procurement teams and suppliers in an integrated and seamless platform. RFP365 helps teams work together, manage knowledge, and analyze their processes for continual improvement. 

Founded by Stuart Ludlow and David Hulsen in 2012, the company launched its first release in March and rebranded its site and application this fall.  Digital Sandbox KC will assist in upgrading the core infrastructure and support future integrations with external applications.

The product seeks to unify the components in the RFP process. The RFP process (including RFI, RFQ, etc.) has not matured. There are several disjointed components within the overall process which, when integrated, can lead to significant cost and time savings. Procurement teams need to reduce purchasing costs, increase speed-to-market, and make fact-based decisions. The current process of creating documents, delivering them to vendors, scouring proposals, and creating scoring checklists is heavily manual and inefficient. Vendor teams needs to be able to respond to RFPs in hours, not weeks. They need to be able to track tasks, manage knowledge, and work together no matter where individual members are located.

When the process is integrated, data is transferred from one team to another at key points. Data, not documents, can be filtered, searched, and leveraged as we expect in our modern, connected world. RFP365 can help small companies compete with large, incumbent providers. This competition can reduce overall costs. We help shorten the overall procurement timeframe by leveraging templates, searching knowledge repositories, and maintaining real-time access to data.

RFP365 allows procurement teams and their potential vendors to share data in an efficient and effective process. The platform provides benefits to both purchasers and vendors, respectively.