Our e-procurement software allows financial, insurance and other professional service organizations a secure solution to streamline purchasing.
Professional Services Procurement Solutions
Market conditions for banks, financial institutions, insurance companies and other professional service organizations are demanding and full of industry challenges. Changing regulations, additional security measures and economic forces compound the need for procurement teams to streamline the purchasing process for any goods or services sourced, including complex business processes and services. mdf commerce Strategic Sourcing offers professional service organizations, including those within the financial and insurance industries, a suite of tools designed to simplify the purchasing process. Our configurable procurement features allow the organization to maintain accurate information about supplier credentials and certifications, manage risks associated with suppliers’ compliance, and quickly solicit supplier bids. Our software-as-a-service procurement system is easy to use and improves efficiency with more robust services to manage external and internal customers. For professional service procurement teams, the benefits of an mdf commerce strategic sourcing solution are clear throughout the bidding process with efficient RFP preparation, configurable pre-qualification, improved supplier communication, centralized bid data, and fully audited information available at each step of procurement.
Benefits for Professional Services Organizations
- Configurable supplier management features include pre-qualification programs, invitational bidding and supplier rotation to optimize supplier risk management
- Increase efficiency and decrease costs with online document distribution and electronic bid submission
- Complete audit trail for every step of the bidding process enables you to see supplier participation and collaborate with suppliers per opportunity
- Secure information is accessible to all internal stakeholders on a per-project basis or time frame
- Integrate across multiple ERP systems, delivering actionable data to your organization
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Signing up and using the purchasing system was the best decision we've made regarding procurement for our agency. I am consistently pleased by the level of service their team commits to and the ability for personal interaction and involvement. Not often does one actually have the opportunity to enjoy major transitions, and with the team at BidNet and SourceSuite, consistently, there is less stress and more enjoyment on every level.
Tammy Brisco West, Purchasing Director, Chaves County