A number of factors need to be taken into account when it comes to selecting a vendor, such as system comprehensiveness in terms of business and technical requirements, implementation timeline, costs, etc. We provide consulting and advisory services to banks ensuring efficient and effective vendor evaluation. Our services include:     

  • Preparation of the Request for Proposal (RFP) document, which includes the Business Requirements Specifications (BRS) and the Technical Requirements Specifications (TRS)    
  • Analysis of the vendor responses to the BRS and TRS documents    
  • Conducting a thorough due diligence exercise of the vendors and the history of their levels of service and post implementation support    
  • Analysis of the vendors and their products through their demo exercises    
  • Analysis of the commercial proposals vis-Ã -vis functionality of the services offered by the vendors    
  • Preparation of the Vendor Evaluation Document, which provides the bank with a clear perspective on the factors they need to consider while making their decision