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Here at InfoReady we are proud to have been serving the research community for the last decade, primarily at the world’s leading universities and medical centers. However, lately, we have been seeing something new -- major corporations using our software too, for all kinds of things to drive innovation.
Functionally, using our software is straightforward. Our corporate clients are posting solicitations (public or internal), collecting proposals, and then routing them for various selection processes, from the simple to the complex. It is more interesting to observe why they are using it. Here are a few examples…
- Internal R&D decisions: We have a large corporate client using InfoReady to collect decision-gate information from research teams and then route those packages to executive leadership. This is proving to be a powerful way to make critical decisions about the projects in its pipeline. InfoReady’s routing steps and weighted rubrics allow a company to practice simple, powerful decision science.
- University engagement and grantmaking: InfoReady is great for building relationships with universities. On a web page dynamically generated by the InfoReady platform, university partners, researchers, students, and faculty can view all the opportunities for grants and awards a company is offering in one location. With this, we have corporate clients completely and securely managing open and closed grant competitions – from the collection of applications to the management of the review process to the selection of awardees -- ensuring transparency and accountability.
- Prizes and Awards: Activities don’t need to be limited to universities. Companies can use InfoReady to stand up prizes and challenges as global competitions. The InfoReady platform is a quick and easy way to set up the whole competition online, in a public and engaging way, to solicit the world’s best ideas for big problems.
And a few companies are looking at a new way to use InfoReady. As an ideation portal…
- Internal ideation: Using InfoReady, a company can build an ideation portal and make it engaging to solicit the company’s best ideas. Administrators design custom forms to collect vital ides from across the company, and then InfoReady can easily route them to the appropriate decision-makers within the company, based on the content of the idea, for evaluation and decision-making.
- Open innovation / ideation portal: InfoReady can also be used to create a public-facing external portal to collect and vet ideas from anyone in the world. A company can create a dashboard of opportunities, branded as its own site, to solicit ideas from anyone. One can tailor the intake forms with conditional logic to ensure data completeness and accuracy, dynamically adjusted for the type of idea being proposed.
The Decision Archive
In addition, our clients are creating attractive decision archives, full of proposals, ideas and reviews -- browsable by senior leadership. As applicants submit proposals, and as our clients route them to reviewers for evaluation, InfoReady tracks, documents and archives the company’s decisions in a central location accessible anytime, anywhere. An attractive tile-based interface makes it easy for executive leadership to search and sort projects and decisions.
Other Best Practices
Here are some other things we are observing with our corporate clients:
- Automating and standardizing processes. Our corporate clients are saying goodbye to outdated tracking methods, and they are improving consistency across all programs with customized forms and templates. They are creating structured workflows to automate proposal submissions, reviews, approvals, and funding decisions.
- Reducing administrative burden. By using a workflow platform designed for innovation efforts and eliminating manual processes, our clients are freeing up staff time to focus on high-value activities. They can concentrate on which initiatives are driving innovation and yielding valuable research.
- Scaling with confidence. Our corporate clients are handling a higher volume of opportunities and applications without increasing workload or stress.
- Data at their fingertips. Our clients generate reports to assess ROI, track partnership performance, and demonstrate impact.
Simply put, we are excited about how companies are using InfoReady. Whether managing internal research, ideation portals, external funding programs, or academic partnerships, InfoReady is providing businesses with a complete solution to accelerate innovation and research. Reach out to us at sales@inforeadycorp.com to learn how we can help your company.
