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Creating a Request for Quotes (RFQ) needs to be easy. If coming up with a list of potential suppliers or gathering all the required information takes too long, users might not do it, and then your company is losing out on the opportunity for savings provided  by competitive bidding. Coupa makes creating a RFQ as simple as creating a requisition. In fact, any requisition can be converted into a RFQ with one click.

Entering RFQs is easy with Coupa, all of the information you will need to send out is kept in one place including attachments and questionnaires.

Organizing responses to make sure you are getting the best deal is automatic with Coupa RFQ capabilities.

Fact: Electronic RFQs Get More Responses

When creating a RFQ, users can attach any associated documents and they will be sent in the email along with the rest of the RFQ. Coupa generates requests that are simple for suppliers to review. The simpler the request is to evaluate, the more quotes you are likely to receive.

Suppliers Can Bid Online

Suppliers can securely enter their bids online in Coupa’s RFQ system. When you issue an RFQ to your existing and prospective new vendors, they will receive an email inviting them to bid on your project. When the vendor clicks on their dedicated link, they’ll be taken directly to the bid entry page. Suppliers do not need to register or pay any supplier network fees.

Built-in RFQ Management

Coupa helps you review your quotes side by side. When you’ve awarded the winning bid, the system automatically creates a requisition from the information in the RFQ.

Tweet Your RFQs

Once you have your RFQ ready to go you can post it to your Twitter stream and to Coupa’s RFQ stream, broadcasting it to potential suppliers across the world.

Announce your RFQ to suppliers and vendors following the Coupa RFQ Twitter stream (or post to your own).

Key Features