What To not Ask in Your Compliance Software program Vendor RFP

This put up is a part of a collection sponsored by AgentSync.

Navigating the request for proposal (RFP) course of can really feel like steering by means of a labyrinth. The stakes are excessive, and the complexities are quite a few. Your position calls for not solely making certain that the chosen compliance know-how aligns with the regulatory necessities of your enterprise, but additionally that it integrates seamlessly with present techniques, helps operational effectivity, and provides sturdy knowledge safety.

The standard RFP course of typically contains outdated questions that don’t essentially tackle the core wants of contemporary insurance coverage operations or the particular challenges confronted by compliance groups. In case your RFP is just too complicated, you threat lacking the forest for the bushes and diluting the attributes of the assorted softwares and distributors you’re evaluating. If it’s too easy, you may falsely equivocate some very completely different options inside the proposed options.

Skip the RFP drama and obtain our information, “Does Your RFP Have to RIP? 10 Inquiries to Retire From Your Compliance Vendor Request for Proposal (And What to Ask As a substitute).”

Tailor your RFP to compliance software program priorities

Whilst you could also be tempted to make use of a generic template for each software program or vendor RFP, it is a quick path to getting plenty of info that isn’t related to the prices and capabilities you’re on the lookout for. As a substitute, streamline your RFP course of by eliminating widespread but out of date questions and changing them with the type of inquiries that instantly tackle crucial points of at present’s compliance software program distributors.

With “Does Your RFP Have to RIP?” you may get a really feel for what important questions could also be going unaddressed in your present RFP, and how you can dial in your RFP for extra particular and related suggestions. With our information, you may be taught:

• The right way to choose a software program that future-proofs its tech stack…and yours
• The right way to ask questions that probe how versatile vendor structure is and why that issues to you
• Methods to judge a vendor’s buyer assist (and not using a vendor’s rose-colored glasses getting in the best way)
• Which questions yield probably the most readability about pricing and complete value of possession
• The right way to use your RFP to precisely assess a vendor’s knowledge safety practices
• And extra!

Refining an RFP on your compliance distributors

While you guess at what goes into the RFP course of, you get milquetoast solutions that defeat the aim and inevitably result in extra time manually evaluating distributors by crawling web sites, studying evaluations, and interviewing reps instantly.

As a substitute, it’s worthwhile to forge partnerships that may drive your enterprise ahead within the digital age. You needn’t solely software program, however the assist that may aid you engender belief together with your distribution companions up and down the insurance coverage gross sales pipeline by making certain correct compliance. You additionally want the operational effectivity that grows your backside line with out rising your bills.

Let’s be clear: The RFP course of isn’t nearly discovering a vendor; it’s about discovering a accomplice who will contribute to your success and development over the long run.

Arm your self with the correct questions, eradicate inefficiencies, and establish a compliance know-how accomplice that may meet the complicated wants of your group.

Obtain the information.