Even though deal velocity and complexity has increased many-fold in the recent times, bid teams continue to be handed down old-world tools. No wonder then that they continue to focus on submitting bids rather than submitting winning bids. Result - more time un-productive tasks (co-ordination, follow-ups, document search, etc.) and less on value-added ones like analysis, structure, and negotiations.
Pricebid.co takes away all the operations pains of the bid team and allows them to focus on the important outcomes.
Pricebid.co is a "Bid Pricing, Approval, & Analytics" platform that brings together all your process and data related to bids, pricing, and competition into a single repository by intelligently automating the “RFP – to – Approval” process. It provides the capabilities of - an approval engine + spread sheet-friendly interface + collaboration + repository + analysis - in an easy-to-use, integrated, covering the following functionality.
Save yourself from spreadsheet deluge. Assign, contribute, review and consolidate the solution and pricing as per the customer format. All participants work on a single, integrated structure. Make last-minute synchronization and validation a thing of the past.
Get clear visibility of bid status and progress. With multiple teams working on a bid, visibility, early warnings, and prompt communication play a key role in ensuring you are not asking for the extension .. again.
Define multiple approval chains based on business unit or territory. Find all your approvals, revisions, and justifications. You should never need to ask "When was this discount approved?" "By whom?"
Single store for all your bid related information – scope, assumption, architecture, BOM, pricing and of course approvals. Including version control. Don’t worry of that approval email getting corrupted, or the documents getting lost. Find, retrieve and reuse any information, as and when you want.
Join the dots. As your system of record for pricing bids and approvals, analyse the data in any dimension you need – business unit, territory, value, time, OEM/partner, and competition. Take that multi-million-dollar pricing decision with confidence.
Pricebid.co provides a centralized repository which hosts all your historical pricing and bid related data. Find answers to crucial questions when you need them most. Improve your bid win rates!
Setup different approval chains for different business units/geos. Keep a bird's view on all bid matters thru - Bid dashboard, bid screening, tracking and auditability. Find all bid revisions, docs and approvals in flash. Pricebid.co lets you apply or modify corporate guidelines, capture risk assesments, give selective access or approve conditionally.
Pricebid.co lets you define, set, modify the pricing and approval processes. Once done, it will do all the follow-up and follow-across with the respective owners thru alerts, notifications, and escalations, till the task is completed on time. Yes, reduce the time to develop your commercial bid - from weeks to days.