To RFP or not to RFP: How should you do it?

Deciding to go ahead with a RFP and knowing what you need are important steps, but how should the actual process be undertaken and what are some of the challenges?

Sometimes it is necessary to issue a request for proposal RFP to update your systems, especially if a company is operationally inefficient or if existing mandates were awarded long ago. But this can be when the tough questions need to be asked how should you initiate a RFP and what are some of the challenges you might expect

RFPs can be tedious and complicated, and less experienced senior finance executives may turn to templates to aid them through the process. While templates can simplify procedures, they can also be very lengthy and fail to address the needs of the specific business. Sending off a long RFP to multiple banks...

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