The first version of SupplierSelect was developed for Thomas Murray Ltd, the leading ratings and research company in the global custody industry. Since 2000, Thomas Murray has used SupplierSelect's RFP tools to complete more than 500 large (1000+ plus questions each) RFPs projects for a range of clients including banks, insurance firms, airlines, government bodies.
The outcome of these projects has resulted in the selection of custody providers to manage over 2.4 trillion dollars worth of assets.
SupplierSelect Ltd was created in 2005 to make SupplierSelect RFP tools available for buyers in other sectors. Since then it's been used for IT, healthcare, finance, travel and public sector RFPs in Europe, North America, Asia and Australasia.