Vendor Selection Process
Are you looking for a Budgeting and Forecasting, Financial Reporting, Financial Consolidation, or Account Reconciliation software solution and don’t know where to start? Let Delbridge help you!
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With 300+ clients, leading solution partners, decades of combined experience, and a team of expert consultants, Delbridge has developed a Vendor Selection Process to offer objective recommendations for financial systems that best suit our clients’ unique needs. We have partnered up with the leading Corporate Performance Management solution vendors which include Vena, CCH Tagetik, Prophix, Adaptive Insights, IBM, Oracle, and many more. As we implement each of these platforms, we know their strengths, weaknesses, and which business needs they are best suited to address. This is why we are uniquely positioned to help you find the right budgeting, forecasting, reporting, or consolidation solution!
Our Proven Methodology
1. Analysis and Requirements
• Gather and document business and technical requirements
• Elicit requirements by planning/reporting modules
• Identify relevant market trends and emerging technologies
• Create an evaluation framework
2. Vendor Identification Process
• Identify potential vendors taking into account the functional, technical, and commercial criteria defined in the previous step
• Shortlist 2-3 preferred vendors and initiate communication
3. Evaluation of Top Vendors
• Coordinate a formal response from top vendors that includes solution cost (software, training, implementation, and maintenance)
• Facilitate presentations, demos, Proofs-of-Concept to demonstrate the feasibility
• Coordinate reference checks and obtains insights from other organizations
4. Selection of Preferred Vendor
• Rank the vendors based on the “Evaluation of Top Vendors” step
• Write a final recommendation report that includes the scoring and reasons for the final vendor choice
Select Clients We’ve Helped With The Vendor Selection Process
