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Manage Awards & Contracts

Does your organization have a formal way to capture awards, contracts and related information?”

Overview

To be truly effective, contract management software and other business process management solutions cannot pigeonhole enterprises into a “one size fits all” approach. Tailored and integrated solutions applied to an enterprise’s defined business processes and related best practices drive greatest return and results-focused business outcomes.

MERX4 Bid and Award Management allows buying organizations to accept bids electronically track, tabulate, and evaluate bid results and optionally publish award information to vendors. Discover features to simplify bidding and awarding during procurement.

Key Challenges:

How MERX4 Helps

By using MERX4 to manage the process, you will capture all information in a central repository with full management reporting capabilities.

Contract Lifecycle Management

Do you have bottlenecks in your contract management process but aren’t sure where? Lack of contract status visibility means missed revenue opportunities and increased contract compliance risks. Contract managers and administrators can easily automate, simplify and improve their contract lifecycle business intelligence, legal agreement management controls, productivity and bottom line with the easy-to-use MERX Contract Lifecycle Management (CLM) solution.

Electronic Bid Submission

Paperless bidding saves you and your vendor time and money. MERX4’s Electronic Bid Submission feature allows for the secure submission of quotes, pricing information, and supporting documents by vendors during the procurement process. Easily create itemized checklists to ensure that all bids are compliant with qualification and documentation requirements to evaluate and award the bid. Identity authentication with unique PIN verification allows only authorized individuals to access documents, while encryption and integrity checks are applied to submitted files providing complete security and reliability.

Award & Bid Results

Does your organization have a formal way to capture contract award information? When a contract gets awarded, it is important that the details of the award are documented accordingly. By using MERX to manage the process, you will capture all information in a central repository with full management reporting capabilities. You control whether information is displayed publicly or for internal reporting purposes only. MERX offers a complete history of your organization’s procurement initiatives including solicitation bidding results, vendor information, contract details and related documentation. Benefit from deep business intelligence analytics to study relationships such as: how often vendors are awarded business and the spread between different vendors in their bids.