The Request for Proposal (RFP) is an invitation to a group of vendors to submit proposals for goods or services to be purchased in the near future, in this case a fund accounting system. Creating an RFP can be an effective way for an organization to determine its needs and to quickly obtain answers about software systems and suppliers.

This guide is intended to help you prepare an RFP and offers valuable details that will enable you to carefully ensure that all pertinent information is captured for a successful proposal.