by Changepond Posted on July 4, 2012
Changepond has implemented a bid management solution that automates the entire approval process prior to submission and takes into account various elements related to a contract and estimates the overall profit potential of the bid.
Bid & Tender Management
Managing bids are usually a manual, unstructured and laborious task that involves processing large volumes of documents within a shorter time-line. Organizations had to rely upon intricately designed excel spreadsheets to generate and process bids. Mostly, the procedures are very technical and these spreadsheets usually contained a huge knowledge base accumulated and passed over the years.
Since bidding involves information processing across several departments among the organization, there are chances of duplicated efforts. Concerned department personnel had to spend long time for non-value added work. Ensuring compliance to financial, corporate regulatory standards and other information security requirements are some of the most important factors to be considered, while automating existing manual bid and tender management process.
The critical aspect of any such integrated system would be the availability of a collaboration platform, which would be expected to maintain a complete log of all the information exchanged. Transparency is expected throughout the bid life cycle, and all information is expected to be fed into a knowledge base for future reference.
Changepond has implemented a bid management solution for a leading global semiconductor manufacturer in the UK. The package is used to assess the profitability of a major bid and to automate the entire approval process, prior to submission. The solution takes into account various elements related to a contract and estimates the overall profit potential of the bid.
- Complete bid estimation features
- Centralized database that facilitates local archiving
- Abatement configuration functionality
- Simplified warranty calculation
- Enhanced Quote Authorization review process
- Offline operations & data synchronization
- Seamless integration with related modules in SAP
- Managing user access control for sensitive modules