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Portal for Vendor Relationship Management

Project No: #18702
Capital needed
USD 30,000
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Minimum investment per investor: 30000
Country: UAE
State: Dubai
Reason for needing Capital: Sales & Marketing
Stage: Finished product
Ideal Investor Role: Equity partner
Highlights: Advantages of EnquirySol
 Save Time
 Cost Efficient – Basic option for Free
 Ease To Use – No training required
 Create List of Vendors
 Send Enquiry at One Shot
 Manage Vendors
 Track Enquiries
What you offer to investors?: What we offer to the investor is 10% equity ownership on the portal.
Business plan:

EnquirySol is a web portal for SME’s to ease the Vendor Relationship Management which is known as VRM and idea is to manage the vendors and maintain the relationship with vendors for the success of business. On other hand when all the relevant enquiries are submitted to our vendors it also helps to reduce the gap between the buyer and seller.

The portal helps purchase department in the company to increase their efficiency. In the portal as VRM helps the buyer to manage their vendors in different categories. Buyer can create the list if vendors according their business requirements and add the vendors to each list. The invitation will be sent to the vendor to validate himself which will help effectively controlling the spam on the portal.

When the buyer need to find a new supplier, just submit the enquiry with required requirements and also the category of the supplier like location, size of company, location, requirement industry category etc,. This is an uniqueness of the portal as it reduces the time of internet research to find a vendor. An enquiry submitted by the buyer will reach to all the potential sellers in the relevant market.

The name EnquirySol is derived from the words enquiry and solution. It can be elaborated as solution for enquiries which means a solution for submitting enquiries and connecting with the supplier or service providers in the market.

Vendor Relationship Management has found relevancy in the modern business as the right choice of Suppliers is one of the key factor for the success of business. It is not only to make right choice of the supplier, the management of suppliers is also becoming challenge as the number of suppliers or vendors is increasing day by day. Enterprise level ERP has the solution for Vendor Relationship Management, So the SME’s suffers without a solution where EnquirySol will fit to their requirement. EnquirySol as a web portal to help the SME’s to find the vendors and manage the Vendors. As it is difficult for SME’s to make a huge investment for an ERP, EnquirySol will be an effective solution.

All the enquiries are sent directly to the email and can reply directly to the client. Also the enquiries generated and received will be always available on the portal and can be accessed any time. EnquirySol has a unique process to find the vendors, here the enquiry is send once and the buyer decides the supplier type. What EnquirySoi says is “It is always better to send the enquiry once and say number of vendors you like to get contacted than submitting to number of companies to contact back”.

To make it in a simple, It is always necessary to manage the vendors to make sure that the services provided in time, for which the companies need a tool. EnquirySol is a solution which allow the buyer to manage supplier or vendor and also for keeping in touch with the vendors.

Vision of EnquirySol is to Make the business easy, by effectively managing the vendors and Mission of EnquirySol is to Reduce the gap between the buyer and seller.

Found in 2015 by the founder of IservicesWorld, as a part of Mission to reduce the gap between the buyers and sellers. The first phase is launched in 2017 and research and development will be a continuous process to increase the efficiency of portal and increase the user experience.

Portal is solution for the following question for which remain unanswered on the SME companies and who do not want to invest on ERP or the department would like to be independent .(i)Do you find difficulty in managing your vendors? (ii)Do you spend more time in contacting your vendors? (iii) Do you find difficulty in sourcing new vendors?

If your answer is “YES”, then you are at the right place – “EnquirySol” is a platform to manage your vendors, maintaining your vendors and sourcing new vendors.

Create the lists of vendors categorised according to your requirement and contact them with one click. 

Current Stage:
Phase I
The portal is live with the below features
Buyers create profileAdd their vendors in groupsSubmit their enquiry in one shot

Next Stage:
Phase II
Phase II will be added with the below features to make it as final product.
Vendor to submit the quote in the portalBuyer to short list the vendors for biddingSelect the final vendor or move for an online bidding
Online bidding by vendors at a specific time intervalConfirm the final vendor
Return Policy
We have a transparent terms on the return policy so there is nothing hidden in the terms of agreement.
The operation will be from India, hence the tax policy will apply according to the Indian tax policy.
The shareholder will be an equity partner of the portal and will be a board member as well of the portal management team.
The shareholder can purchase not more than 30% of the share value in the portal.
The shareholder will be eligible for the equity once the revenue is generated from the portal. Shareholder can withdraw the profit share on their interest or buy shares if they hold less than 30% of shares.
Once the portal starts charging the users and revenue generated, auditing will be done at the end of Indian Financial Year, ie April – March.
Addition to this now we can have a discounted value of 5% on the share, ie pay 5% less for busying the share.

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