When it comes to procurement, energy companies face complex compliance hurdles. Public procurement procedures and regulations often require companies to maintain all emails, notes and documents, proof that all approved vendors were invited to tender a bid, and lists of which companies did and did not bid.
Without a centralized system, maintaining these records is inefficient, at best. Our Sourcing Module allows companies to run the entire eRFx/Sourcing and Contract process, with supported version controls, in one seamless system, reducing risk and improving the tracking of all activities. What's more, this standardization ensures that all bidders are treated both fairly and equally. It's sourcing, made simple.