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 streamlines and standardizes going out to market to drive value, reduce cost, and increase output.

With Raindrop’s Sourcing module, instantly create RFx (RFI, RFQ, and RFP) and take your business opportunities competitively out to market. Collaboratively define your selection criteria, specify bidder questionnaires, confirm your scope requirements, and have internal stakeholders score and calculate responses automatically. Send Q&A responses to all or only a select bidder. 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. Streamline and accelerate your RFx today!

Raindrop Sourcing Events Value Proposition

Save Time

Increase efficiency and significantly reduce go to market time by 53%. Raindrop’s Enterprise Spend Management platform was designed to streamline and digitize the entire RFX process from drafting, inviting bidders, evaluating bids and final award.

Drive Savings

Avoid out of compliance spending and cost overruns. Raindrop lets you compare supplier proposals side-by-side and easily provide feedback to get better and competitive pricing

Manage Risk

With Raindrop’s supplier vetting functionality, get thorough insights to determine whether each supplier can meet all your needs or if alternate actions need to be taken.


Easily share documents and templates with internal teams and suppliers. Collaborate in real time, with options to interact privately with internal teammates, or with suppliers via clearly marked public channels.

Operational Efficiency

Capture all relevant communications in one convenient location for all to see, instead of dispersed among team members’ individual email accounts. With a fully integrated process, everyone is on the same page and sourcing projects run smoothly and consistently.

Powerful Evaluation

Group together stakeholders involved in the RFX and make evaluations of proposals as simple as possible. Raindrop provides 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