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Tuesday, 06 January 2009

Thomas Murray Custodian Monitoring

Thomas Murray has a uniquely successful history of applying internet technologies to the challenges of the global custody industry. This expertise is now available to organisations wishing to take advantage of the cost and service benefits offered by our hosted, on demand web-based applications.

SupplierSelect

Thomas Murray's RFP website

Thomas Murray’s web based RFP management service, SupplierSelect, is now available for custody industry participants to create, issue and score their own RFPs. Thomas Murray has been developing internet based RFP software since 2000, and has managed more than 3,000 complex responses bidding for over 3 trillion dollars of assets under custody.

Over 80% of custody providers are already registered with SupplierSelect, and are familiar with its use. SupplierSelect uses a multi-tenancy architecture that allows multiple evaluator / buyer organisations to access the same directory of registered suppliers, thus significantly reducing the time and cost of implementation.

The administrative challenges of drafting, issuing and scoring complex RFP questionnaires are formidable. SupplierSelect addresses these challenges by automating as much of the process as possible, allowing buyers to focus on the core task of framing the right questions and evaluating the responses. SupplierSelect is offered as a hosted service for rapid and inexpensive implementation.

Client Benefits
  • Inbuilt charting functionality for scoring analysis, with drill down to section or question level reporting.
  • Detailed auditing records every action performed through the system.
  • Draft simple or complex (tabulated) questions.
  • Hierarchical questionnaires with unlimited nesting of sections and subsections.
  • Re-use questionnaires across sourcing exercises, or import from a library of template questionnaires prepared by industry experts.
  • Question and section level weightings.
  • Multiple weightings per questionnaire (reflecting the priorities of different individuals involved in the decision).
Respondent Benefits
  • Ability to import previous responses into questionnaires. No having to start from scratch for each new questionnaire.
  • Multiple people can work simultaneously on the same RFP questionnaire from different locations.
  • Responsibility for responding to sections, sub-sections, or questions can be allocated to specific users.
  • Completely web-based, so there's no loading of any third party software.
 
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