NeoIT is targeting its services at a rapidly growing market. Once buyers and providers are registered with neoIT, they receive a password that enables access into a private workspace, which contains the negotiations and project development information. The provider submits information detailing technical skill, as well as previous project experience. Taking information from the criteria of the buyer and the provider, the neoSelection Matrix gives a score and ranks the bid. Before the selection, neoIT offers buyers the opportunity to interview providers.
Buyers can also review a description of the bids, as well as bid documentation.
Once the provider is selected, neoCollab, a performance metric, then provides daily tracking of the project. It enables a supplier to generate weekly reports and project milestones, as well as explain delays or milestone setbacks. NeoIT also gives the buyer and supplier the option to hold a Web conference at any time during the project. Throughout the project, neoIT is available to negotiate, answer program questions, and provide guidance. Currently, neoIT has 400 buyers and more than 3,000 IT provider companies registered on its Global Services Network.