BCFS Adopts eRFP Technology for Vendor Searches
TOP 100 RETIREMENT PLAN ADVISER LICENSES INHUB’S INDUSTRY-LEADING, CLOUD-BASED eRFP TECHNOLOGY
Bukaty Companies Financial Services moves to bring firm-wide RFP process online and selects InHub’s eRFP tool.
CHICAGO, IL. December 22, 2016 – Bukaty Companies Financial Services (BCFS), a nationally recognized, independent retirement plan consulting firm, today announced a new strategic partnership with InHub, the creator of eRFP, the first web-based technology to digitize the request for proposal (RFP) process for the institutional investing community. The enterprise license will provide BCFS with InHub’s eRFP technology, allowing the firm to streamline and centralize custom RFPs conducted on behalf of clients. Clients of BCFS will benefit from increased transparency by also gaining online access, allowing them to participate in or oversee RFPs run on their behalf.
InHub’s eRFP solution allows users to create and issue a customized RFP questionnaire to chosen candidates, invite additional reviewers, evaluate proposals side-by-side, take notes online, and streamline Q&A, while prudently documenting the entire process for a fiduciary audit file.
“As retirement plan sponsors become more acutely aware of their fiduciary duty to exercise due diligence in the hiring of the plan’s service providers, RFPs are becoming more important,” according to Vince Morris, President of Bukaty Companies Financial Services. “InHub’s eRFP technology will help us assist plan sponsors in meeting those duties.”
Bukaty Companies Financial Services leads retirement plan committees in the development and evaluation of RFPs, primarily for record keepers for both ongoing due diligence or potential replacements, and includes an emphasis on questions related to their specific retirement plan.
Bukaty Companies Financial Services joins a small but growing number of Consulting Firms to bring their RFP process online with InHub’s eRFP tool. Previously, the firm managed client RFPs through email and word documents. Through this partnership, plan sponsors considering hiring BCFS can also gain free access to the easy-to-use eRFP technology as they conduct a Retirement Plan Advisor RFP (market value: $2,500). This access includes the eRFP technology, as well as sample Advisor RFP questions.
“We are thrilled to see Consultants and Investment Committees appreciate the importance of RFPs and focus on ways to make the process more efficient – rather than avoiding it,” said Ariana Amplo, CEO of InHub. “Firms like Bukaty Companies Financial Services are leading the pack from an innovation and fiduciary responsibility standpoint, and we are thrilled they selected our technology to help do so.”
For more information on Bukaty Companies Financial Services enhanced and comprehensive record keeper RFP process, please email email@example.com or go to www.bukatyfs.com.