With so many opportunities to explore, businesses need to find a way to manage the business proposals being offered to them. Luckily, RFP software or request for proposal software helps companies manage their proposal requests effectively. Here are some of the best RFP software available right now.
12+ RFP Software
10. Salesforce CPQ
What Is RFP Software?
RFP software is a business software where companies create, edit and manage requests for proposal documents. These businesses use request for proposal software to tackle various business-related proposals including requests for quotation documents.
RFP software helps companies to streamline their management of RFP documents as the software can help them track RFP proposals easily. RFP response software also helps companies analyze the effectiveness of their RFP activities to help them guide in making decisions of proposals given to them. The RFP response tool software also helps companies to invite people to submit proposals through the RFP software. The software also helps companies find the best proposals that would benefit the company as well as the one who made the proposal which can foster a good working relationship between the two parties. Because this RFP automation software focuses on managing RFP documents, businesses can easily navigate their RFP documents in one centralized software with its management library software tools.
RFP software should provide document creation software tools that help businesses create RFP documents. The software should also provide template options in creating RFP-related documents for price quotations and other proposals. The software should also provide data analytics software tools that help businesses analyze and evaluate the effectiveness of the proposal decisions process. The RFP proposal software should also be able to provide a repository database for all RFP documents to be stored and managed to help businesses navigate them easily. The software also can integrate with customer relationship management software and price quotation software to help the software extract product and customer data that will help provide data for RFP documents.
- Document creation tools
- RFP document templates
- Data analytics tools
- Repository database for RFP documents
- Integration with CRM and CPQ software
Top 10 RFP Software
RocketDocs has 27 employees and earns a revenue of $5 million.
2. Salesforce CPQ
Salesforce has 47,712 employees and earns a revenue of $26 billion.
Qvidian is owned and developed by Upland, which the parent company has 896 employees and earns annual revenue of $260.2 million.
Rfpio has 318 employees and earns annual revenue of $46.1 million.
Loopio has 142 employees and earns annual revenue of $20.6 million.
Proposify has 84 employees and earns annual revenue of $16.4 million.
Qorus has 76 employees and earns annual revenue of $11 million.
DirectFRP has 32 employees and earns a revenue of $6 million.
Expedience Software has 6 employees and earns annual revenue of $900,000.
Procureport has 4 employees and earns annual revenue of $600,000.
What other software does RFP software integrate well with?
RFP software integrates well with purchasing software, strategic sourcing software, and proposal software as the software’s proposal management software works well with the aforementioned software.
What is the difference between CPQ software and RFP software?
CPQ software focuses on configuring the price quotation, which is an important part of customer relationship management software. RFP software focuses on sending proposal requests to the company which may be responded to immediately or not depending on the content of the proposal.
How much does RFP software cost?
Pricing for RFP software is usually customized, with each software offering different subscription tiers that offer more features as the prices increase. Pricing for RFP software varies depending on the features available and the intended target users. Small companies may benefit from low-cost RFP software while large companies may benefit from high-cost software.
With RFP software, companies can effectively handle multiple proposals being sent to them so that they can look at these potentially lucrative proposals given with the effective tools and time possible.
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