FlexRFP Review - why 4.9 stars?

Shlomi Lavi / updated: Jun 16, 2022

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What is FlexRFP?

FlexRFP is a web-based supply chain management software that can make the complex strategic sourcing look easier and also he you to save time. No matter how bad the e-sourcing solution or combination of emails and spreadsheets you are using, FlexRFP can always be there to offer a complete solution. The funtionality in the system offered by this software is what makes it better than the other chain management software out there.

FlexRFP is a product of EC Sourcing Group which was founded by Andy Caetta and Ron Emma. It was known as Former 500 earlier and is popular for providing eSourcing solutions.

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Who is it best for?

FlexRFP is good for almost any industry and has been providing services to a large range of industries including media, manufacturing, retail, consulting and financial services.

It can simplify the day-to-day sourcing and vendor processes of an industry and make things much more smooth and productive.

Supply Tigers, Provident Spend Management and Catholic Health Care Partners are some clients of FlexRFP.

Main features and functionalities

Performing RFIs, RFPs and software auctions can greatly increase the vendor management needs of any company and that's what FlexRFP can help you to do. The software offers functions that are less expensive and also simpler than the solutions available out there. Companies get to streamline and automate bid management and enjoy better analysis and negotiation. The software supports improvising both strategic tracing and vendor administration.

The user-interface of FlexRFP looks very familiar because of its Microsoft Excel like look. Other notable features of FlexRFP are reverse/soft auctions, spend analysis, supplier management and contract management. However, the contract and supplier management is optional and not included in the main solution plan. It can be a great way to get full control over spending when you know how your company is spending money.

What is the actual cost?

The cost of license starts at $3,000 per month. ITQlick pricing score is 4.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for FlexRFP. You can also find here pricing information from FlexRFP's website.

Pros

• FlexRFP’s user friendly interface can be used by anybody who knows how to use Microsoft Excel
• FlexRFP offers requesting for demo before trying the paid version which is great for those who want to try the software before purchasing
• The web-based FlexRFP doesn’t require any installation or download and is compatible with all the browsers
• The supply chain management software is great for handling vendor management and strategic source needs

Cons

• FlexRFP only focuses on vendor management and strategic source needs and doesn’t focus on other usual supply chain management necessities
• FlexRFP is not feature-rich like other supply chain management software and doesn’t offer extra useful features
• The pricing of FlexRFP is slightly higher than the other supply chain management software out there
• The customer support offered by this tool can be difficult to reach sometimes
• The software doesn’t offer both web-based and Windows/Linux based software like some other similar software

How it stacks up?

Access a head to head analysis of FlexRFP vs alternative software solutions.

Frequently Asked Questions (FAQs)