Requirements Matrix
List functional and nonfunctional needs, prioritized and mapped to mandatory or optional status to drive scoring and vendor fit.
A formal Business Tool Selection clarifies requirements, aligns stakeholders, and preserves evidence of evaluation and approvals. It lowers procurement risk by recording compliance checks, budget impacts, and contract terms in one place.
Final sign-off is typically by a delegated approver with procurement or budget authority to bind the organization.
List functional and nonfunctional needs, prioritized and mapped to mandatory or optional status to drive scoring and vendor fit.
Use weighted scores, thresholds, and normalization rules so quantitative vendor comparisons produce an auditable rank order.
Document regulatory requirements (HIPAA, FERPA, PCI, 21 CFR Part 11, etc.) and note evidence required from each vendor.
Specify required integrations (CRM, ERP, identity provider, storage), data flows, and authentication methods for testing.
Capture licensing model, payment terms, renewal cadence, cancellation rights, and estimated total cost of ownership.
Record decision dates, authorized signers, and versioned signable documents for the procurement file.
| Field | Configuration |
|---|---|
| Evaluator Assignment | Role-based owners for each scoring category |
| Score Weighting | Percent weights for functional, security, and commercial criteria |
| Document Storage | Central repository with version control |
| Approval Routing | Sequential approvals by legal, finance, then procurement |
Confirm vendor support for enterprise connectors and whether APIs are available for custom workflows.
Date you distribute requirements and invite replies.
Cutoff for proposals and compliance artifacts.
Period to test integrations and performance.
Target date for final signed agreement.
Date for production deployment and user training.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | Limited |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |