The platform includes a prescriptive workflow that allows stakeholders to define and prioritize requirements, short-list vendors, run an RFI (request-for-information), RFP (request-for-proposal), run a proof-of-concept or trial, and compiling a final vendor scorecard. Once the final vendor has been chosen, SelectHub Services can help you negotiate the best licensing agreement, based on your preferences such as on-premise or cloud-based, number of users, admin vs regular users, and module rollout sequence. Once the license has been procured, SelectHub can bring in experts to help manage your project and implement the requisite functionality within expected timeline and budget.
- Requirements Compilation
We will guide client stakeholders through the development of the requirements, via 1:1 interviews, and also by reviewing and analyzing a peer-defined template of ERP software requirements, educating the client on best practices for their industry and company size.
Once the requirements are defined, pertinent stakeholders across the company can collaborate on prioritizing and weighing the requirements.
- Customized Research and Vendor Long-listing
Once the requirements are defined, the SelectHub Services team will use its proprietary vendor long-listing system to identify products that might be a good fit based on the client profile (using criteria such as industry, company size, modules needed, deployment method, number of licenses needed, type of licenses, etc.) The goal at this stage is to identify 5 to 10 vendors to invite to the RFI (request-for-information).
- Custom Scorecard or RFI
Subsequently, the SelectHub Services Team will run an RFI with the vendors in the long-list by sharing relevant requirements with them. Vendors receive their log-in directly to the platform where they can view the RFI (after they sign an NDA, if necessary), ask pertinent questions, and respond to the RFI. All the interactions with the vendors become part of a detailed audit trail that is available to client stakeholders even after the selection project is complete and the contract is awarded to the winning vendor.
At the conclusion of the RFI, SelectHub will compile a custom scorecard of all vendor responses, along with ratings both on a per-question and overall score basis and the final vendor shortlist is prepared by SelectHub and the client.