Waddell & Reed
University uses XPD on a $35M ERP procurement
Simplar assisted Waddell & Reed with several large software procurements, including:
- Compensation System: a financial system was required to meet the complexities associated with administering payroll based on employee sales performance and multiple incentive compensation plans for a highly regulated industry. Simplar helped make this procurement a success under the challenges of a large-sized project and compressed timeline.
- Anti-Money Laundering (AML) Solution: an upgrade from a “home grown” legacy system. The Simplar team facilitated the requirements gathering process with our internal Business Partners, conducted a Request for Information process, helped develop the RFP and supported us through a thorough evaluation process. We relied on their support and expertise during pre-contract planning and clarification efforts with the selected supplier.
“The biggest complement I can give is that I can never do RFPs the “old” way after working with Simplar. We used to do RFPs with hundreds of lines of requirements and then get overwhelmed by the amount of unnecessary information we requested (and then received) from the RFP participants. Simplar helped my Business Partners, and myself, to better define the project goals and requirements and to simplify our RFPs. They cut out the marketing fluff from supplier proposals and focused our efforts on what really matters to the overall success of a project: clear and well-defined requirements to attract the best suppliers, and make a solid selection decision.”
-Esmeralda Phillips, Strategy Sourcing, Waddell & Reed