Raindrop Sourcing Events Module

RFx sourcing events (RFI, RFQ, RFP) can be performed in a fast, consistent, successful manner by Procurement and functional departments in a fraction of the time. Raindrop's Sourcing Events module Streamline and standardize going out to market to drive value, reduce cost, increase output.

With Raindrop’s Sourcing module, instantly create RFx (RFI, RFQ, RFP) and take your business opportunities competitively out to market. Collaboratively define your selection criteria, specify bidder questions, confirm your scope requirements, and have internal stakeholders score and calculate responses automatically. Send Q&A responses to all or only a select bidder for answers. Further streamline and accelerate your RFx today! External and internal communications are also consolidated within the platform so your whole team can stay informed of discussions with suppliers and intra-team chats

Procurement Digitization

Raindrop Sourcing Events Value Proposition

Save Time

Increase efficiency and significantly reduce go to market time. Using Raindrop will help teams to automate RFX processes from drafting, inviting bidders, evaluating bids and final award.

Drive Savings

With Raindrop avoid out of compliance spending and cost overruns. Using ML and AI, get insights on commodity pricing to get the best deal.

Manage Risk

With Raindrop’s supplier vetting functionality, get thorough insights on your suppliers and manage risk.


Easily share documents and templates with internal teams and suppliers. Collaborate in real time with internal team and suppliers with option to

Operational Efficiency

Capture your existing workflows or easily set up new workflows to create a streamlined operational function with your RFX. With a fully integrated process, everyone is on the same page and project runs smoothly.

Powerful Evaluation

Group together stakeholders involved in the RFX and make evaluation as simple as possible. With a centralized place to review and score proposals, be notified about deadlines and complete the evaluation from anywhere with an internet connection.

Raindrop Sourcing Events Key Features

Distribute, collaborate, collect and analyze all RFIs, RFPs and RFQs through one process, collecting and sharing information across the organization - with the aim to drive savings, increase value & manage risk