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Model N Global Tender Management

Maximize Revenue with a Global Tender Strategy

Overview

Model N Global Tender Management helps you maximize revenues by optimizing bids, aligning local and global resources in the tender process, and enabling you to capitalize on the benefits of a data-based approach to tendering

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See How Model N Global Tender Management Works

  • Increase sales by identifying tenders quickly: With tight timelines for responding, manufacturers need to identify and determine if they qualify for public tenders quickly. Tools allow teams to prioritize efforts toward the most critical opportunities.

  • Compile repeatable information: Assemble data and competitive information required for a response. Improve margins by utilizing resources to shape bids with criteria based on pre-simulated most economically advantageous tender and competitive data.

  • Track and analyze results: Capture competitive information in the event of a win or loss for analysis to improve future submissions in the event of a loss or to fulfill the tender properly in event of a win.

Tender management capabilities are critical for manufacturers because at least 25% of pharma and 85% of medtech revenue is derived from tenders. Manufacturers that lack strong tendering capabilities can lose access to markets – with potential of being locked out from a provider for up to 36 months – causing irreparable effects on long-term market share and product profitability. The tools companies have traditionally used to manage tenders expose them to missed opportunities, unfavorable pricing, and supply chain misalignment. Model N Global Tender Management helps you maximize revenues by optimizing bids, aligning local and global resources in the tender process, and enabling you to capitalize on the benefits of a data-based approach to tendering. Unlike spreadsheet-based tools that require you to compile information manually, Global Tender Management enables users to look beyond local markets to understand tender performance at a global level. Because inaccurate projections can hamper efforts to craft competitive offers that win, Model N has included simulation tools like competitive scoring, market access data, and price transparency impact analysis.

Categories

Features
No Limits
This product's apps, tabs, and objects don't count against your Salesforce org limits. Learn More in Help
Lightning Ready
Optimized for Salesforce orgs that use Lightning Ready.
Multiple Currencies
Supports Salesforce orgs that use Multiple Currencies.
Salesforce Shield
Supports Salesforce orgs that use Shield.
Managed Package
This product is installed in your Salesforce org as a managed package and receives automatic upgrades.
No Limits
Lightning Ready
Multiple Currencies
Salesforce Shield
Managed Package

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