There’s always a common saying that “time is money” and in business proposals, that quote hits true in this particular situation. The quicker the business proposal is agreed upon, the better for the business. With a quoting software, businesses can establish their prices much quicker without guessing and business proposals don’t have to take days to complete anymore. Here are some of the best quoting software available right now.
11+ Quoting Software
1. Quoter.com
2. Quotient
3. PandaDoc
4. Quote Roller
5. mHelpDesk
6. Bidsketch
7. Bitrix24
8. Scoro
9. Qwilr
10. Jobber
11. QuoteWerks
What Is Quoting Software?
Quoting software is a business proposal software tool where companies calculate and estimate the cost of their products and services to their client. Calculations and estimations of the prices are automated through a configure-price-quote (CPQ) software system where prices are already formulated without human input.
Benefits
A huge benefit of using quoting software during a business proposal is that it makes the process much faster from making the proposal to payment. The fact that it makes proposals quicker to settle means more proposals can be done in a day, therefore making more money in the process which is always good for the company. It also eliminates the need to guess the price as they have already been configured in the system and such changes can be adjusted if needed. Also, there isn’t much work in creating business proposal documents as the software provides pre-made templates and elements which makes the process of setting up a proposal an effortless task.
- Business proposals get done quicker, which means more money
- Prices are already established by the system and can be adjusted if necessary
- Setting up business proposals is effortless
Features
One of the important features of quoting software is configuring prices through a CPQ system. The configuration has to be robust as much as possible to provide an accurate price during business proposals, especially with products with complex features that require complex pricing. The software should also be able to break down the prices of a product or service if applicable especially during multi-item transactions. Quotation management is another important feature as it stores data of established quotes in previous business proposals. The software should be able to provide its own analytics platform or integrate with third-party analytics platforms as they contain data that holds important information during a business proposal.
- Configuration of quoted prices
- Breakdown of quoted prices
- Quotation management
- Analytics platform
Top 10 Quoting Software
1. Bidsketch
Bidsketch makes business proposals quicker and makes the process more cost-efficient and guarantees deals can be done quicker. Founded in 2009, the company has 5 employees and a revenue of $4 million.
2. Quoter.com
Quoter.com uses its cloud server technology to provide its clients an easier, quicker way to propose quotes. Founded in 2011, the company has 12 employees and earns a revenue of $633.7 in 2021.
3. Quotient
Founded in 2011, Quotient helps small businesses provide automated quotes quickly that customers are going to love with customizable options that customers can choose and pick to pay, making transactions smooth and quick.
4. PandaDoc
PandaDoc provides a fast document workflow with its quick features that ensure business transactions are done in minutes, not hours. Founded in 2013, the company has 390 employees and earned a revenue of $35 million in 2020.
5. QuoteWerks
QuoteWerks’s software ensures that users can create a business proposal document in minutes with features such as quotes archive, e-signature signing, quick payment transactions. Founded in 1993, the company has 390 employees and earned a revenue of $35.0 million in 2020.
6. Bitrix24
Bitrix24 provides centralized software with tools for a unified workplace that includes business proposals, internal communications, and customer communications. Founded in 2012, the company has 166 employees and annual revenue of $8 million.
7. Jobber
Jobber lets its artificial intelligence software take over on behalf of its clients with sale automation tools that cut downtime in creating and accepting business proposals. Founded in 2011, the company has 204 employees and earns a revenue of $58.8 million in 2020.
8. Scoro
Scoro provides an integrated workflow management software where transactions take place, including sales automation tools such as business quoting. Founded in 2009, the company has 105 employees and a revenue of $8.8 million in 2021.
9. Qwilr
Qwilr lets its users create their business proposals in a flash with its tools that make them look visually pleasing. Founded in 2014, the company has 49 employees and annual revenue of $6.1 million.
10. Quote Roller
Founded in 2011, Quote Roller provides an all-in-one sales automation software where business proposals are done in four easy, quick steps – quote, propose, contract, close.
FAQs
What is the configure-price-quote (CPQ) system?
Configure-price-quote (CPQ) system is a type of business software that assists companies in selling their products and services to another company through price quoting. The software holds complex data which can provide more complex and flexible pricing during business proposals.
If a quoted price is not agreed upon by the buyer, can the price be changed?
Generally, quoted prices are usually fixed and the buyer has to agree to the price in order to avail of the product or service. It depends on the seller if they are willing to change the price at the request of the buyer, but it’s an unusual scenario. The quoted price cannot be changed once the business proposal has been approved by both parties.
How much does quote software subscription cost?
Prices for a quote software range from $9 to $169 per month depending on the features included in the software. Smaller businesses may get their money worth from a cheaper quote software while big businesses can benefit from having a high-end quote software that has more features and can possibly hold more business proposals at the same time.
The process of the quoting software may be complex but this is to ensure that the estimation and calculation of the prices are accurate as much as possible and it’s always been the case. The software is highly effective and generated many benefits, making this a reliable business software tool during business proposals.
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