Features

COMET facilitates the one-to-many Request-For-Price (RFP) process. It respects time-honored bilateral methods—including the value of existing relationships, customized transactions, control over the exposure of a transaction, ability to negotiate, and confidentiality. Final execution of transactions occurs pursuant to underlying master agreements between parties.

Specific features include:

  • Electronic and confidential posting of a requirement (buy, sell, RFP, etc.)
  • Publishing of that requirement to any and all pre-screened members of the COMET community via a one-to-many RFP process.
  • Negotiate the terms of a transaction through confidential one-to-one negotiations.
  • Execute or withdraw any proposed transaction.
  • Receive an automated transaction confirmation.
  • Comprehensive transaction audit logs to help meet a variety of compliance and regulatory standards.
  • Enforces best price methodologies

 

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