CB Insights

NOVEMBER 7, 2019

On November 4th, Workday announced an agreement to acquire Scout RFP , a cloud-based sourcing and supplier engagement platform for procurement teams, for $540M. Scout RFP brings 300,000 users in over 150 countries to Workday’s platform. Competitors & substitutes to Scout RFP that may be M&A targets.

RFP 30

RFP B2B Acquirers Agreements 30

Finovate

APRIL 2, 2024

Under the agreement, Narmi will act as the service provider for FedNow. As a result of the agreement, Treasury Prime will be able to offer its banking customers the ability to send and receive money through FedNow. Banks in the Treasury Prime network can offer their BaaS clients a real-time payments platform via Narmi’s FedNow service.

Treasury 40

Treasury Instant Payments FedNow Real Time Payments 40

Nanonets

SEPTEMBER 23, 2023

Additionally, effective contract management involves monitoring contract terms, renewal dates, and pricing agreements. By issuing an RFP, organizations can outline their project requirements, allowing potential suppliers to submit proposals that detail their capabilities, approach, and cost.

Gateways 52

Gateways RFP Value Added Service Compliance 52

Nanonets

FEBRUARY 15, 2024

Documentation: Based on responses to the RFI, the team shortlists suppliers and sends out Requests for Proposal (RFP) to obtain detailed bids, including pricing, delivery timelines, and maintenance services. RFP Issuance: Action: Detailed RFPs are sent to the remaining 8 suppliers. Time is of the essence in this Agreement.

Finance 52

Finance RFP Agreements Automation 52

Nanonets

SEPTEMBER 1, 2023

Seamless Requests for Payments (RFP): Vendors can now submit precise bill requests, streamlining the validation and approval process with a simple click. FedNow enables payments to be executed before the stipulated deadline, aligning with vendor agreements. This feature optimizes accuracy and expedites the payment process.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Nanonets

SEPTEMBER 22, 2023

Prior to entering into contractual agreements, conducting initial risk assessments is crucial to understand potential risks associated with the vendors. The RFP process allows businesses to compare and evaluate vendors based on standardized criteria.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Core

MAY 18, 2023

Government agencies rely on request for proposals (RFPs), but that process can be lengthy and complicated as you work to ensure accuracy and completeness. It is not out of the ordinary for RFP complexity to cause delays and demand more time and government resources than initially allocated.

RFP 52

RFP Process Government Governance 52