Long gone are the times when people have to compose essential documents necessary for running businesses manually. In this digital era, almost every trouble you encounter has a suitable digital solution. These digital tools can help you complete your tasks in just a few clicks, including curating business proposals. Do not miss out on the advantages of modern technology and equip yourself with the best proposal management software.
13+ Proposal Management Software
1. Better Proposals
2. PandaDoc
3. Proposify
4. Prospero
5. Bidsketch
6. RFPIO
7. Qwilr
8. Loopio
9. Bit2win CPQ
10. Deltek Vision
11. Paperless Proposal
12. SmartDocs
13. RightSignature
14. PMAPS
What Is Proposal Management Software?
Proposal management software is a program that helps its users to streamline the complicated steps involved in producing and managing proposals. It has digital tools for editing and tracking proposal letters. Also, it has contract management functionalities for other necessary business documents such as agreements and other legal contracts.
This management software also provides extensive controls that support the planning and development of the content for the proposal. In addition, this software allows online signing with its electronic signature capabilities. Another functionality of this digital solution is it makes it possible to integrate with contact management tools and other project management properties.
Benefits
When you utilize this software, you can access tools for gathering data analytics and other essential metrics. That said, this technology will benefit you by giving you real-time updates. This system provides detailed reports of the data collected to make the results more comprehensive. In addition, its automation functions reduce the time and budget needed for these proposal management tasks.
Features
Creating proposals is a vital factor that can influence the health of your business. That goes without saying that to achieve expected results, you should make the right decision. There are several choices that you can choose from in the software market. Filter out your options by considering the essential factors in your decision-making process. Your goal should be to pick the one that offers services that align with your proposal management needs. The following are features that you should take into consideration in weighing which proposal management software to go for:
- Document generation tools
- Custom and editable templates
- Analytics platform
- Powerful reporting tools
- Lead management capabilities
- CRM software properties
- Content sharing controls
- Third-party applications integration
Top 10 Proposal Management Software
1. Deltek Vision
This software is a project management solution that offers approval process controls and a reminder system. They have 525.6 million dollars in annual revenue and employed 3,625 people.
2. PandaDoc
This digital solution has functionalities for approval workflow and content management. They have generated annual revenue of 54.5 million dollars and have 462 employees.
3. Loopio
Loopio allows its users to use task management and RFP responding capabilities. They have 20.6 million dollars in generated annual revenue and have 142 employees in their team.
4. HoneyBook
HoneyBook allows its users to access collaboration tools and contact management functionality. They have generated annual revenue of 20 million dollars and have 138 employees in their team.
5. Proposify
When you utilize this software, you can use tools for workflow management and document management. They have 84 employees and have 12.2 million dollars in annual revenue.
6. RFP360
Bid management and progress tracking tools are examples of features you can access in this software. They have 6.8 million dollars in generated annual revenue and have 47 employees.
7. Qwilr
Qwilr has a content library and knowledge base management system. They have 42 employees in their team and have 6.1 million dollars in annual revenue.
8. Better Proposals
This software provides its users with pipeline management and document analytics tools. They have six people in their team and have 900 thousand dollars in generated annual revenue.
9. Bidsketch
This digital solution provides businesses with document management tools and customizable templates. They employed four people in their team and have 600 thousand dollars of annual revenue.
10. SmartDocs
RFP management and text editing capabilities are some controls you can utilize in SmartDocs. Its developer, 36Software, has three employees and has 400 thousand dollars in annual revenue.
FAQs
What is proposal management?
Proposal management involves all the steps included in the strategic planning process to the last part of sending the proposal letter. That said, it encompasses the steps in-between such as forming the team, holding meetings, curating drafts, and making essential decisions. Also, it involves tracking and overseeing follow-ups to the recipients.
What are the responsibilities of a proposal manager?
The job description of proposal managers may differ depending on the size and nature of the organization. Although, this job position entails prime responsibilities that most proposal managers follow. These duties include facilitating bid and proposal discussions and responding to request for proposals. Overseeing and participating in the development, research, proposal writing, presentations involved in proposal management are also part of the job.
What are essential tips for effective proposal management?
A helpful tip for successful proposal management is to ensure productive human resource management. That said, you should ensure to assign the right people to do the various complex tasks by following a strict timeline. Also, take advantage of digital tools to automate proposal management processes. In addition, you can also make use of idea management and internal communications software to keep your team on the same page.
People spend time and put in the effort to craft killer proposals to win over their clients. Although, with the gift of technology, you can achieve more by expending less. Utilize functional proposal management software and gain document and team management controls at the tips of your fingers. Set aside your pen and paper. Keep up with the fast-paced business world by going digital.
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