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What's the right way to run a multi-vendor RFP I'm responding to?

4/30/2024

Treat the RFP as a discovery tool, not a checkbox. Answer their questions precisely (not verbose), use their terminology, benchmark against the other 2-3 vendors if you can, and—most important—don't let the RFP replace the conversation. Win an RFP by winning the champion, then let the RFP confirm the decision.

Multi-Vendor RFP Strategy

An RFP is procurement's way to de-risk. It's also where reps lose deals by going silent and letting the RFP do the talking. Don't.

THE RFP TIMELINE:

StageYour RoleTimeline
RFP IssuedStart conversations if you haven'tWeek 0
Due DateAnswer thoughtfully, not quicklyWeek 1-2 (usually)
ReviewContinue champion conversations (RFP != deal)Week 3-5
Follow-upsAnswer clarifying questions fastWeek 4-6
Vendor SelectionChampion advocates for youWeek 7-8

THE RFP RESPONSE (how to write it):

DON'T:

DO:

RFP RESPONSE EXAMPLE:

Their question: "Does your platform support SAML-based SSO?"

Wrong: "Our platform has best-in-class security features including role-based access control, single sign-on capabilities, and advanced authentication mechanisms."

Right: "Yes, we support SAML 2.0 SSO. Implementation takes <1 week. We also support Azure AD, Okta, and Ping Identity integrations (90% of enterprise customers use one of these)."

CHAMPION ENGAGEMENT DURING RFP (the real work):

While Procurement is reading your RFP, keep selling to the champion:

Champion insight = how to position yourself in the RFP context.

BENCHMARKING AGAINST COMPETITORS (if you know them):

You're competing against 2-3 other vendors. Common competitors:

In your RFP response, subtly show how you differ:

``` Question: "What's your per-seat pricing?"

Answer: "$X/seat/month. Unlike [Competitor], this includes:

Average customer ROI: 3.2x within 6 months (based on $X ACV deployment data)." ```

Be factual, not snarky. Procurement will fact-check this.

FOLLOW-UP QUESTIONS (they always have them):

THE FATAL MISTAKES:

  1. Stop talking to the champion during RFP
  1. Make the RFP the deal
  1. Over-answer questions
  1. Ignore the other vendors

RFP DECISION RULES:

EXAMPLE: WINNING AN RFP

  1. Week 1: Champion tells you they're sending RFP
  2. Week 1-2: You answer RFP thoughtfully
  3. Week 2-4: Keep champion conversations going ("How is review going?")
  4. Week 4: Procurement has questions, you answer in 24 hours
  5. Week 5-6: Champion advocates internally ("I recommend we move forward with [you]")
  6. Week 7: Procurement confirms, deal closes

EXAMPLE: LOSING AN RFP

  1. Week 1: Champion tells you RFP is coming
  2. Week 2-4: You submit RFP, then go silent
  3. Week 4-6: Procurement is reading; you don't talk to champion
  4. Week 6: Procurement is leaning toward [Competitor]
  5. Champion can't advocate because they haven't heard from you
  6. Deal goes to [Competitor]
flowchart LR A[RFP Issued] --> B[Quick Response] A --> C[Champion Check-in] B --> D{Full & Clear?} D -->|Yes| E[Submit] D -->|No| F[Get Answers] F --> E C --> G[Understand Criteria] E --> H[Weekly Champion Sync] H --> I[Clarifying Questions] I --> J{Answer<br/>Fast?} J -->|Yes| K[Maintain Momentum] J -->|No| L[Fall Behind] K --> M[Selection Week] L --> M G --> N[Position vs Competitors] N --> M M --> O{Champion<br/>Advocated?} O -->|Yes| P[Win] O -->|No| Q[Lose]

TAGS: rfp-strategy, vendor-comparison, champion-advocacy, procurement-process, deal-protection

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Sources cited
joinpavilion.comhttps://www.joinpavilion.com/compensation-reportbridgegroupinc.comhttps://www.bridgegroupinc.com/blog/sales-development-reportbvp.comhttps://www.bvp.com/atlas/state-of-the-cloud-2026iconiqcapital.comhttps://www.iconiqcapital.com/insights/state-of-saasopenviewpartners.comhttps://openviewpartners.com/saas-benchmarks/builtin.comhttps://www.builtin.com/salaries
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