SupplierSelect for Financial Services

SupplierSelect for Financial Services (SupplierSelect) is a web-based platform for managing RFIs and RFPs.

The procurement of complex services demands rigorous RFP processes. We have the tools to empower you to avoid struggling with hard-to-compare spreadsheets and documents while preserving confidentiality, transparency and the balancing of multiple priorities. SupplierSelect for Financial Services combines technical and sourcing expertise to automate and control the RFP process. It is delivered through an intuitive website, and features flexible questionnaires, automatic scoring, full audit trails, comparative reporting, and Word and Excel integration for the easy import and export of information.

Key Benefits

SupplierSelect provides:

  • Security/Confidentiality - SSL encryption and fine-grained permissions protect your data.
  • Transparency - all tender management guidelines required by regulated markets and the public sector are supported so that contract award decisions demonstrate impartiality, transparency and a complete audit trail.
  • Process Efficiency - all interaction is via a single user-friendly website, eliminating time wasted with emails, Word documents, re-keying, spreadsheets, and complex scoring calculations. For repeated procurement, answers and scores can be re-imported from past projects to save time. Responses can be selectively compared side by side.
  • Team Work - geographically dispersed teams can collaborate effectively, working on the same information and seeing changes in real time. Fine-grained permissions and comprehensive auditing enable the involvement of more people in the process without sacrificing control.
  • Decision Quality - scoring, weighting, and analysis of responses via charts with drill down capability enable bidders to be compared instantly across all selection criteria.
  • Ease of Use - the intuitive user interface is complemented by user guides, a database of Frequently Asked Questions, and technical support from Thomas Murray Data Services.

SupplierSelect for Financial Services and the RFP Process

Self-Service or Thomas Murray Data Services-Supported Procurement Projects

Go it alone: run sourcing projects easily and efficiently using your own in-house expertise and resources, with modular support from Thomas Murray Data Services as required in areas like:

  • Designing deep RFP questionnaires
  • Customising template questionnaires to meet your organisation’s unique requirements
  • Incisive analysis and scoring of responses
  • Supplier due diligence and contract negotiation
  • End-to-end management of sourcing projects

Or alternatively: appointing Thomas Murray Data Services to run the process minimises the commitment of internal time and resources, reduces the risk of making an expensive mistake, and allows the process to be customised to your particular needs.

Whichever path you choose, Thomas Murray Data Services is willing to be involved to the extent you want.

Design your own questionnaire to issue to any type of service provider you wish, or license Thomas Murray Data Services’s proven questionnaires to launch RFPs instantly to select:

  • Global Custodians
  • Domestic Custodians
  • Asset Managers
  • Securities Lending specialists
  • Transfer Agents
  • Fund Administrators
  • Prime Brokers

If you would like to purchase this service, or find out more about it, please contact Derek Duggan at dduggan@ds.thomasmurray.com or telephone him on +44 (0) 20 8600 2300.