Analyse bids & submissions faster
eSource Wizard lets you analyse data in a blink of an eye.
Analyse faster and get better outcomes
We have partnered with some of the country’s leading purchasing professionals to develop a solution that makes this headache disappear. Simply upload and publish your RFx using our world-class software. It will automatically send the tender to your selected suppliers and analyze their responses in seconds.
Our software’s ability to automatically analyse supplier data is what makes eSource Wizard so different from other solutions. It offers:
- Auto scoring
- Streamline the RFx process from document exchange to submission analysis
- Two-way interactive portal guides buyers and suppliers and improves communication between parties
- Graphic dashboards highlight key metrics such as supplier performance
- Auto version control reduces errors and maximises auditability
With a few clicks of the button even the most complex RFx can be completed in minutes. You don’t need to spend day and night analysing supplier responses anymore. Imagine the time that you gain or save if you could do dozens more RFxs with better outcomes in a fraction of the time you take to run a single RFx now.
Customers reduce YoY costs by 13% on average by taking actions that drive bottom-line savings and efficiencies.
We make it possible to analyse a complex RFx with 100s of products, pack size changes and brand swaps across several suppliers in less time it takes to open an Excel sheet.
Today’s world is all about making every day processes easier, faster and more effective. It’s true whether you’re ordering food, hiring a taxi or reviewing business practices to understand where problems exist.
We recently looked at the RFX process of sending and exchanging documents as well as analysing responses and bids using email and Excel spreadsheets.
We’ve discovered huge inefficiencies in the document exchange process, scoring, as well as bid analysis (i.e. substituted lines, increases and decreases, pro rata issues and comparing current price against best available). This process is so involved that more often than not, buyers will renew supplier deals without issuing an RFX because the time required is just not available.
How long does it take you to analyse bids?
Let’s say you have 500 items you buy on a regular basis and wish to tender. You invite six supplier’s to provide quotations. With your current process, you would send an email to each supplier and ask them to fill in an Excel sheet.
Once all responses are provided, you need to do a VLOOKUP or paste each response back into an Excel sheet. Next, you likely spend hours, days or sometimes weeks sorting, filtering and interrogating the data in order to gain a clearer picture of the market.
eSource Wizard reduces the time to run an RFx by up to 500% by improving the process with an easy to use, intuitive interface.
eSource Wizard empowers suppliers to respond to a RFX quickly and efficiently.
Suppliers have to decide which RFx to focus on. eSource Wizard makes it simple for suppliers.
Every day suppliers are providing better service and prices to our customers because we make it quick and easy to do so.
With email RFx document exchange, mistakes are often made and it can be a time issue to complete a RFx. eSource Wizard speeds up the process for both supplier and buyer by sending automatic alerts, and guides them throughout the process. Both parties save time!
There is no need to chase suppliers. Our eSourcing software alerts buyers when the selected suppliers begin working on the RFx and when they have submitted their response. Instant analysis and auto scoring allows your purchasing team to focus on achieving the best possible outcome instead of spending precious time building spreadsheets or correcting mistakes caused by manual processes.
Give us a tri.
Register for an online demo today.
We have the whole chain covered
eSource Wizard can be used for the obvious RFx like food , drink and consumables to the less obvious ones – light bulbs, linen hire, service providers such as PAT testing, waste collection, agency staff and more.
Our unique approach is transforming the RFx process. We’ve tested the solution with many suppliers – even ones with very little technical expertise, and the results are the same: a high level of engagement with an overwhelming positive response.
10 ways to improve RFQ outcomes
Learn how eSource Wizard automates your existing processes, allowing you to run RFQs faster, negotiate smarter and achieve better outcomes.