Workrise lauches its newest offering, Workrise Bid Management. The product streamlines and optimizes the bidding process on energy projects, benefiting both operators and the suppliers they rely on to complete and maintain projects in the field.
Bidding is the crucial first step in the journey from sourcing new vendors to verifying and paying for completed work, also known as the source-to-pay (S2P) lifecycle. The industry’s traditional bidding process is filled with outdated, time-consuming procedures — emails, PDFs, Excel spreadsheets and copious manual work to manage them all — that strain resources and inhibit efficiency for energy companies and suppliers alike.
“Bidding might seem like a small, or even insignificant, step in the source-to-pay lifecycle,” says Jacob Gritte, general manager, Source-to-Pay Solutions at Workrise. “But we see it as a massive opportunity for the industry to get more out of every dollar it spends, and another tangible step on the road to helping operators, suppliers, and the talented men and women in the field work better, together, to meet the world’s increasing energy demands.”'
Key Takeaways:
- Workrise Bid Management is an add-on to Workrise Vendor Management, which launched earlier this year, providing seamless transition from the initial request for quote (RFQ) all the way through to payment with a unique combination of purpose-built software and expert services.
- Benefits of Workrise Bid Management for operators include customizable RFQ templates, automated side-by-side bid comparisons for easy evaluation of pricing and safety details, direct messaging capabilities with vendors, the ability to discover and invite qualified new vendors to bid from Workrise’s extensive vendor network, and the automatic conversion of awarded bids into structured work orders.
