Mitigating the pain of an RFP process

[Adam Fleming]

Utmost care has to go into a financial institution’s Cash Management and credit RFP process, which is quite a painful process. One needs to think about the whole process and get a thorough understanding of it before entering this exercise.  This understanding will go a long way in helping to ease the pain of the process, but is in itself quite an exercise.

A clear understanding of the banks’ (responders) views needs to be made because those are almost as important as the answers they return. For any professional who produces and deals with the RFP document; setting the correct goals and selection criteria is essential before the production of the RFP document.

The methods by which to make the RFP document less painful than it could turn out to be will be the learning an important webinar from Compliance4All, a leading provider of professional trainings for all the areas of regulatory compliance will offer. To enroll for this very valuable learning session, simply log on to http://www.compliance4all.com/control/w_product/~product_id=501035

Ray Graber, a senior BFSI professional who brings a deep and thorough understanding of banking, technology, and finance, will be the speaker at this webinar. Ray will discuss the cash management and lending RFP process from three vantage points:

o  Senior management (issuer)

o  The financial institution (responder), and

o  The staff members /consultant (preparer/manager/evaluator).

An understanding of the important elements of the RFP process

During this webinar, which will be highly beneficial to professionals in the BFSI arena, such as Corporate Treasurers, Operations Managers, Cash Management Professionals, Payments Professionals and Credit Officers; Ray will set expectations and unearth the intangibles that go into preparing, publishing, and evaluating responses for a treasury and credit facility RFP.

He will familiarize participants with important elements such as how to gather information, why an RFP is needed, what the evaluation criteria are, the timeline, staff participation, and the intangibles of the selection process, implementation plans, and other important items.

Ray will cover the following important areas at this webinar:

o  Before you Begin - Why are you doing this?

o  Phase I - Where you are and where you want to be

o  Timeframe

o  Metrics

o  Pitfalls

o  Phase II - RFP development - how to get there

o  Phase III - RFP distribution and rules- fairness

Phase IV - Evaluation and selection - criteria/goals