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Step One: Finding a Competitive Intelligence (CI) Tool

You need a CI software solution, and we’re passionate about helping companies find the right solution for their needs.

The right CI solution can act as a force multiplier, collecting and organizing more data than would otherwise be possible with a team of researchers. It will also automate much of the low value work needed to perform CI functions, freeing up the analyst or researcher to deliver high value insights and recommendations based on activities like trend analysis, market research and predictions. 

It’s likely that you’re going to need to write a Request for Proposal (RFP) for a Competitive intelligence software tool. Your RFP will provide potential partners with details on the technical and business requirements you are looking for in a CI solution.

We created the CI Software RFP Template to help you build a Request for Proposal (RFP) that meets the unique needs of your organization. 

An RFP is a formal invitation to request vendor proposals that meet specific business requirements and purchasing criteria. Partners interested in your opportunity will respond with their approach to delivering on your requirements. Our template is a helpful organizational tool that will aid you in building a formal RFP for a Competitive Intelligence Tool.

Before Issuing Your RFP for a CI Tool

If you’re just beginning your selection process, we recommend reading our 2020 Buyers Guide for Market and Competitive Intelligence Software Tools before preparing a RFP. 

If you find your executive team isn’t convinced of the need for a competitive intelligence software solution, check out our Building a CI Business Case article, which details the components needed to lay out your case for a CI solution. 

Knowing the type of software solution you need and the differences between the various types of software platforms (point, generic or purpose-built) can help you avoid common mistakes that lead to the death of your CI program. 

Our Competitive Intelligence Software Solution RFP Template includes:

  • A statement of work
  • Proposal submission procedure
  • Specific recommendations for business and technical requirements
  • Vendor profile outline
  • A budget response with implementation timeline table 

You can customize the RFP template by cutting what you don’t need and pasting in what you do. 

Only you can know what your organization needs to deliver high value insights and actionable intelligence to the C-suite and sales and product teams, and having the right CI software solution is a key piece of the puzzle. 

Download RFP Template