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Workrise Vendor Management Add-on

Bid Management

There’s now a better way to set up RFQs and efficiently compare bids, without all the manual work this has historically involved. And it runs on the same platform you trust to manage vendor onboarding, compliance, and invoices.

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Get the best vendor at the best price. Then get to work.

You can't know you're paying the right price without competitive bids. But collecting and evaluating them is tedious, and it's often siloed in email and excel sheets, with no visibility for other teams. Workrise Bid Management is simplifying everything.

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One Place to Set Up, Send, and Store RFQs

Here's how it works:

Specify your bid requirements using a template, or create and upload a custom RFQ template for vendors to complete.
Send your RFQs to your existing vendors, or new vendors found on the Workrise Network.
Invite your team so that everyone has visibility of your bids, and can refer back to them any time.

This eliminates back and forth on bid status, and creates a record of historical bids that can easily be referenced going forward.

A Broader Pool of Vendors to Explore

As a Workrise Vendor Management add-on, Bid Management taps our entire network of vendors across over 200 service categories.

Invite vendors from your existing list, or tap the Workrise Vendor Network to get competitive bids from new vendors you wish to evaluate. We’ll notify you when vendors accept your bid requests, and when they submit their bids.

Compare and Choose with Confidence

Side-by-side comparison makes it easy to make informed decisions. You’ll see vendors’ service and pricing details compared 1:1, so you know you're getting the right vendor at the right price.

You can also message vendors participating in your RFQ through the platform with questions, either individually or all at once.

Onboarding without the Effort

Don’t let the hassle of onboarding new vendors prevent you from working with the best person for the job. Once you select a vendor, choose to contract them through Workrise and we’ll handle onboarding, ongoing compliance management, and invoicing on your behalf.

Plus, you’ll capture the original RFQ alongside pricing agreements, invoices, and spend data in one platform, giving you complete visibility into every step of the journey, from sourcing to payments.

Workrise vendor management

Vendor Management, Reimagined

Workrise Vendor Management makes it faster, easier, and safer for energy companies to work with their vendor base, from sourcing to payments.

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IMPLEMENTING BID MANAGEMENT

Supercharge Workrise Vendor Management with integrated bidding.

Competitive bids are a critical part of the Source-to-Pay lifecycle. With pay-as-you-go and unlimited subscriptions, there’s no excuse not to give it a shot.