Quantitative Analysis Benefits
Quantitative Analysis Benefits
The quantitative analysis techniques utilized by APES/INFORequestor RFP software are based on a detailed mathematical procedure that accurately determines the impact a proposed system will have on your organization, and to accurately compare one proposed system to another, even though hundreds of variables may be involved. In short, quantitative analysis is a mathematical assessment of how vendor responses to hundreds of individual RFP questions will impact your organization, based on your priorities. This ensures nothing is overlooked, and that all vendor proposals are treated impartially. When compared to the subjective process of making a judgement call based on a short demonstration, quantitative analysis has definite advantages.
How an RFP is formatted and organized determines how compatible it is with quantitative analysis techniques, and that is what separates a jumbled mass of questions from a true RFP (Request for Proposal) that will help build a solution!
An intelligent RFP generated by APES/INFORequestor, known as an i-RFP™, supports a fully quantitative system for analyzing suitability to your organization's needs, and many standard financial ratios, utilizing a fully user-definable set of controls. This speeds up the entire process of analyzing vendor responses and ensures the BEST one is chosen!