Sysquote's goal is to help buyers and vendors connect while figuring out a way to help each other be the most efficient and productive as possible when it comes to creating and answering rfps.
Buyers therefore can create rfps to be answered by vendors/sellers, they can also connect and invite existing vendors plus new vendors to grow their vendor database. With time, this increases the competition and the amount of bids received on their proposals which then increase their chances to reduce their costs. The best part is that Buyers get paid to use the system. They get a generous commission coming from a portion of the price the vendors pay to bid on their proposals.
Vendors/Sellers have the opportunity to view rfps from their current buyers but also from potential prospects. This allows them to grow their network quickly in their niche. Not only does this give them the ability to bid on more rfps but the fact that they know when the next opportunity is due with their buyers is huge. It saves them a ton of time as they don't have to run around in circles trying to time the next opportunity or even worse, missing it entirely due to bad timing.