Capabilities
- Strategic Sourcing Software
- RFP Platform
- Bid Tabulation Software
- Invitation to Bid Software
- RFP Error Checker
We strive to design solutions that help procurement teams maximize their results. Packed with time saving and compliance features, IWT provides you with the tools you need to take full control of your sourcing activities.
Manage RFPs, RFIs, Simple & Sealed Bids, and so much more...
Easily compare RFP submissions and score them based on your criteria
Streamline supplier registration & communication while boosting vendor engagement
Manage, store, and be notified of key contract metrics including expirations and renewal options
A dynamic pricing environment where suppliers compete for business in real-time
Increase security and usability with Single Sign-On
Ion Wave makes it incredibly easy for vendors to register with suppliers, receive bid invitations, and quickly respond to solicitations. Our self-service portal allows vendors to get up and running in no time.
Learn how to get notified of relevant bid opportunities
Contact our support to report a bug or system issue
We strive to design solutions that help procurement teams maximize their results. Packed with time saving and compliance features, IWT provides you with the tools you need to take full control of your sourcing activities.
Manage RFPs, RFIs, Simple & Sealed Bids, and so much more...
Easily compare RFP submissions and score them based on your criteria
Streamline supplier registration & communication while boosting vendor engagement
Manage, store, and be notified of key contract metrics including expirations and renewal options
A dynamic pricing environment where suppliers compete for business in real-time
Increase security and usability with Single Sign-On
Ion Wave makes it incredibly easy for vendors to register with suppliers, receive bid invitations, and quickly respond to solicitations. Our self-service portal allows vendors to get up and running in no time.
Learn how to get notified of relevant bid opportunities
Contact our support to report a bug or system issue
Simplify team evaluation of requests for proposals (RFPs) by digitizing evaluation team collaboration, boosting employee engagement, and centralizing proposal process scoring activity. Advanced insights from our evaluation project management software help proposal managers ensure their teams make the best decision.
Without the proper tools, you will likely find yourself frustrated and overwhelmed with your manual business process for scoring RFPs.
Leverage RFP templates & libraries to quickly facilitate single or multi-round evaluations ensuring consistency in your evaluation process.
Real-time evaluator progress bars provide you with full visibility into the scoring process helping you track the progress of each evaluator.
Built-in team messaging allows you to seamlessly communicate with all your evaluators by providing guidance, updates, or reminders.
Required fields force evaluators to answer questions and leave notes. All evaluations are scanned for errors, preventing incomplete submissions.
Build the perfect evaluation by customizing each round with multiple criteria options, document management, weighted scoring, and more, allowing you to determine what is important. Save time by leveraging a pre-built criteria group from your scoring library.
Use our software evaluation tools to create single or multi-round scoring events and easily invite evaluators. Leverage the template library or customize criteria and weighting for each round or event.
Keep communication flowing with our built-in evaluator communication tools. Keeping everyone on the same page is crucial for a successful evaluation.
Easily switch between reading various RFx documents and evaluating with our simplified scoring view. You can access various bid documents, preview them in the window, and score them without ever having to leave the page.
Gain visibility into your evaluation teams’ scoring activity and progress. Reminder messages and dashboard alerts help ensure the team remains on schedule.
The Evaluation Summary and Detail report outlines the highest to lowest ranked supplier (proposer). Detailed criteria scoring information is tabulated by evaluator and supplier. Quickly sort and filter information to your liking. As always, you are able to quickly export the results to Excel.
Being a data-driven solution, our solution is packed with actionable analytics. Leveraging data helps ensure that you are making the best sourcing decision possible and allows you to have confidence in the choices you make. The sourcing data is neatly compiled into easy-to-read reports that can quickly be exported and distributed to key stakeholders.
Quickly identify evaluations that are behind schedule, have low participation, or are getting stuck in certain rounds of the evaluation.
When our solution tabulates all the evaluations, it automatically includes relevant evaluator notes with the associated score giving you full insight into their justification behind the score.
The ability to hide pricing from evaluators in certain rounds allows your team to focus on the quality of the service or the proposal that best meets your organizations' needs.
Packed with powerful RFP tools, Ion Wave’s strategic sourcing management software makes it easy for procurement teams to get the most out of their purchasing. Choose from our suite of products to build the perfect sourcing solution for your team.
No, you are not required to have both pieces of software. However, if you use our Electronic Bidding solution you can seamlessly pull in the RFP project to assess the proposals and award them by leveraging RFP automation.
Absolutely! You are able to customize each scoring round with your specific criteria. You can even require evaluators to answer questions and document their notes.
While each bid evaluation solution is different, here are some general features you can expect to find:
Thanks to our solution being so easy to use and our phenomenal customer support team, the average implementation takes a couple of months. Depending on the size and needs of your team, your implementation may be shorter or longer.