COMPETITIVE INSIGHTS DRIVE GOVCON IDEAL INVESTMENT DURING PANDEMIC UNCERTAINTY

The Right Governance Risk and Compliance Software Intelligence can help companies make the correct Investments during unsettling market conditions.

After the onset of COVID19, several companies started shedding people and downsizing, and therefore the government started funding many initiatives to support the companies, who were doing business with the govt.. Although the OMB did extend relief for Federal Contractors, still, several Government Contractors started facing various kinds of risks. Additionally, the onset of recent opportunities got created because of the arrival of Coronavirus. So, while there have been delays and disruptions, demand for a few of the services declined but other services and supplies requirements suddenly escalated.

The pandemic has impacted how the govt. operates and reviews contracts. Which has led the govt contractors to judge how they approach contracts and business development, asking questions such as:

What opportunities should be pursued?

How to decide which of themto take a position in supported recent win/loss history?

How to determine the probability of winning the contracts?

What is my competitor focusing on?

These are just some of the various questions business development managers are currently asking themselves while planning on pursuing new contracts to grow their business.

Centralized Platform for Visibility & Evaluation

TechnoMile’s solution integrates with leading business intelligence data sources to automate the import of the project leads for faster opportunity identification, evaluation, and capture. Data is continuously refreshed, so information is usually up-to-date.

Competitive intelligence within the system makes it easy to seek out and evaluate the incumbent contracts up for renewal.

With one click, you'll create new opportunities for the contracts up for recompete. TechnoMile’s Growth Platform enables you to create intelligence around contracts you're pursuing and to automate many tasks, including pipeline management, account management, reporting, notifications, and tracking. It includes many analytics tools, including tools for lead scoring, Go/No Go decisions, probability of winning (PWin), and win/loss analysis. Interactive, real-time dashboards, and reports with rich visual analytics. Such capabilities facilitate your gain deep insights into your markets, customers, competitors, and opportunities.

TechnoMile’s Growth Platform provides automation which strategically organizes all data around a chance for all users involved within the capture process. during this way, you're enabled to visualise better as you'll be able to now centralize every kindof information, including partners & competitors, B&P forecasting, and opportunity data.

Optimized Data Insights for Decision-Making

Competitive Insights provided by TechnoMile solutions are powered via integration with federal data sources like FPDS, FBO, SAM, and EDGAR, which enables you to own access to more datasets. This organizes all federal source data into one platform for easier decidingand dealing with more accurate data. Competitive insights enable companies to spot and qualify more public sector business. we've created an answerthat allows enterprises to make data-driven pipelines, automate business processes, and supply fast, actionable business intelligence and analysis through key metrics and filters such as:

Period of Performance

Solicitations

Awards

Vendors

Federal/DoD Contacts

NAICS/PSC

Government Spending

Location

Sub-contractors

TechnoMile’s Growth Platform is integrated with GovSearch—the Authority on Who’s Who in Government. Using predictive algorithms, Growth Platform proactively recommends contacts supported the opportunities, accounts, and contracts you're pursuing—as well as enables you to look at organizational structures like networks, diagrams, and org charts.

Next Steps

Now that we've got identified and settled into the new normal, the GovCon sector is already on the move. In such a scenario you wish the oversight regarding which new opportunities are operational within the pipeline. TechnoMile’s Growth Platform will facilitate your gain more in-depth insight into your market opportunities, customers, and competitors bushed one integrated solution. during this article, we’ve only peripherally presented what may be made possible by choosing TechnoMile’s insightful Growth Platform. For more information about how your organization can have the benefit of our line, you'll be able to email us at info@technomile.com or reach us at https://technomile.com/demo/ to request a demo.