Increase operational efficiency
A tool to help you ask the right questions to software vendors
Based on years of experience in the buy-side systems industry, we have created a free tool to help you cut through the noise and get real answers to the questions that matter.
The secret to a successful RFI process
Ask the right questions
RFIs can be a great way to find the vendor(s) most suited to your needs, but only if they are framed in the right way.
A common issue we see is that RFIs are too focused on functional capabilities, but they miss how the features work. Just because a task can be performed, doesn't mean it's efficient.
Most investment managers today would agree that efficiency is paramount. But you can't just ask "how efficient is it to rebalance portfolios?" because all vendors will answer "very!".
Free to use!
The IMS Procurement tool
With this free tool, we help you phrase questions to get to the bottom of these questions. Having been investment managers ourselves and now a software vendor, we've learned how to ask questions to bring out the right information from vendors quickly.
The tool will help you:
- Define decision criteria and their respective weights
- Select which topics are relevant to evaluate with potential vendors
- Decide what questions to ask vendors
- Create an RFI template to share with vendors
