Financial Technology Company
We are a mid-sized company servicing the fund management industry. We don’t have a procurement department or specific procurement expertise in house and have limited resources available to deal with major sourcing initiatives. We recently embarked on a 5-year IT Modernization Program and we needed assistance to help us select a Managed Security Services Provider by managing the RFP process. We wanted to work with a team that had procurement experience and who could act fast to meet our extremely tight timelines.
How did ProcurePro help?
ProcurePro were able to quickly learn our business requirements and develop a Request for Proposal (RFP) lightening fast. They worked very closely with our team, managed the RFP process and helped us evaluate all the responses and vendor presentations. They helped us decide on the best solution and help identify concerns with the proposed contract. Ultimately, they were able to look out for our best interests without having to build procurement capability in-house.
What was the outcome?
ProcurePro saved us a substantial amount of time launching and managing the entire sourcing process and even helped improve the contractual terms. We have since used ProcurePro for two other procurement projects; Infrastructure and Professional Services and will consider using them again in the future.