NewgenONE Platform for
Tender Management
Streamline the end-to-end tender lifecycle, from creation to contract awarding.
Address inefficiencies, such as manual processes, lack of transparency, and poor compliance adherence, which often hinder day-to-day operations. Streamline the entire tender lifecycle, from creation to contract awarding. The solution seamlessly integrates with existing systems and third-party applications, offering extensive tracking and reporting features that ensure efficiency, transparency, and compliance. Use the online portal to simplify contract processes with standardized templates. Utilize comprehensive dashboards to generate detailed reports for users to ensure quick and informed decision-making. Furthermore, witness seamless integration of the solution with SAP and other systems.
Features of Tender Management Solution
Tender Process Centralization
Centralize the entire tender process, including RFP/tender creation. Implement automated approval workflows to expedite decision-making
Vendor Registration and Submission
Deploy a portal for vendors to register and submit their tenders efficiently
Automated Stages of Tender Management
Manage pre-tender, tender, and post-tender stage in a frictionless manner
Template Generation
Leverage over 50 pre-built and standardized templates across various tender stages for better user-friendliness
Responsive Communications
Roll out communications are relevant, personalized, effective, and compliant with regulatory standards
Reports and Dashboards
Leverage comprehensive dashboards to fetch critical tender information, including tender status, bid responses, and evaluation progress
Graphical Representations
View key performance indicators via graphical visualization for better insights and highlight bidder engagement and timelines
Compliance Adherence
Ensure adherence to internal policies, legal requirements, and industry regulations. Minimize errors, discrepancies, and instances of non-compliance
Tender Process Centralization
Centralize the entire tender process, including RFP/tender creation. Implement automated approval workflows to expedite decision-making
Vendor Registration and Submission
Deploy a portal for vendors to register and submit their tenders efficiently
Automated Stages of Tender Management
Manage pre-tender, tender, and post-tender stage in a frictionless manner
Template Generation
Leverage over 50 pre-built and standardized templates across various tender stages for better user-friendliness
Responsive Communications
Roll out communications are relevant, personalized, effective, and compliant with regulatory standards
Reports and Dashboards
Leverage comprehensive dashboards to fetch critical tender information, including tender status, bid responses, and evaluation progress
Graphical Representations
View key performance indicators via graphical visualization for better insights and highlight bidder engagement and timelines
Compliance Adherence
Ensure adherence to internal policies, legal requirements, and industry regulations. Minimize errors, discrepancies, and instances of non-compliance
Key Benefits of Tender Management Solution
Improved Decision Making
Standardized evaluation criteria and objective scoring improve the quality and fairness of tender evaluation
Enhanced Stakeholder Satisfaction
Simplified processes, faster response time, and improved communications lead to higher satisfaction levels
Reduced Compliance Risks
Automated compliance checks ensure adherence to regulatory requirements while minimizing risks
Maximized Efficiency
Shortened tender cycles boost workforce productivity
Better Transparency
Increased visibility and auditability of the tender process
Improved Decision Making
Standardized evaluation criteria and objective scoring improve the quality and fairness of tender evaluation
Enhanced Stakeholder Satisfaction
Simplified processes, faster response time, and improved communications lead to higher satisfaction levels
Reduced Compliance Risks
Automated compliance checks ensure adherence to regulatory requirements while minimizing risks
Maximized Efficiency
Shortened tender cycles boost workforce productivity
Better Transparency
Increased visibility and auditability of the tender process
