Utilising fact-based decisioning to enable business to make the right vendor selection with complete confidence

BSG partnered with a South African corporate and investment bank to run a vendor selection process for the replacement of a core, high-touch order management system (OMS).

  • Define prioritised business requirements and vendor request for information (RFI)
  • Replace existing OMS technology
  • Implement a vendor managed solution
  • Define critical business needs Identify potential vendors
  • Create a functional and non-functional prioritised decision-making framework
  • Shortlist suitable vendors according to identified selection criteria
  • Create an RFI and scoring model for vendor driven response submission
  • Perform client driven vendor scoring as well as response evaluation and assessments
  • Facilitate vendor software demonstrations and detailed analysis sessions
  • Compile solution findings and vendor recommendations
  • Facilitate the final vendor selection process
  • Governed, objective and collaborative vendor evaluations enabled a transparent and documented approach to vendor identification, evaluation and selection process
  • Vendor selection met the broader business’ requirements and priorities and wasn’t contained to meeting a limited number of stakeholders’ objectives only
  • The board could very easily make an investment decision with complete alignment, agreement and confidence

Enabling a client to appoint the best OMS vendor to implement a solution that supports business objectives and aligns to the long-term equity broker platform improvement strategy.

Are you looking to select a vendor-supplied product or service and need to do so with confidence?

Our Business Consultants have the skills, knowledge and expertise to help guide your vendor selection process, enabling you to make a decision with absolute confidence.

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