Well, there’s no question that you (our policyIQ clients) have discovered policyIQ’s potential for making the administration of your contracts more efficient. Many clients are taking advantage not only of the centrally accessible repository, but also of the ability to report on contract amounts, deliverables, performance, expiration dates, terms for renegotiation, and the ability to automate communications to related parties (among other benefits).

Have you considered how the features that you’re already applying to contracts, policies, procedures, risk management, testing, etc. might help you with vetting vendors?

You could use policyIQ to distribute your Request for Proposal and to receive responses from potential suppliers. Consider how you might use Pages to capture the request, related policies or procedures and how you could administer the actual bid as a Form in policyIQ (displaying the request within the Form distributed to potential candidates). You could easily locate bids that have been submitted, compare attributes across multiple bids, capture notes on your team’s decision making process and designated to whom the work was awarded. Your policyIQ application provides you with a secure and centrally accessible platform that really lends itself nicely to exchanging information with external (as well as internal) parties.

Do you want to bounce ideas off of someone regarding your bid form, how you will set up users or how you will manage the workflow and approval process? That’s what we’re here for! Contact us via email (support@policyIQ.com) or call us at 866-753-1231.