Establishing a price point is important when starting and closing business deals and transactions. With sales quoting software, companies and its businessmen can accurately get the price of the products and services they are offering based on past data. Here are some of the best sales quoting software available right now.
10+ Best Sales Quoting Software
1. QuoteWerks
2. Socket
3. PandaDoc
4. Rfpio
5. Proposify
6. CompanyHub CRM
7. Better Proposals
8. Sana Commerce
9. Commissionly.io
10. Mothernode CRM
11. Claritysoft
What Is Sales Quoting Software?
Sales quoting software is pricing software that helps companies to calculate and predict the costs of a product or service with accurate results. The sales quote software is usually automated as it uses historical data to predict the price of the product or service.
Benefits
Sales quoting software helps improve efficiency in determining the price of the product and service as it analyzes data from multiple sources such as cost databases, projects, CRM software, emails, and many more as their basis on the estimated quoted pricing. This allows for proposals for potential negotiation through the sales quoting software. The software also helps eliminate the need for physical cash transactions as users can just transfer and receive cash online. Using the online sales quoting software also helps increase accuracy on the quoted price based on historical data and similar patterns in pricing. The software can help reduce the chance of encountering human error as it’s intelligent to predict prices accurately. The software can also allow companies to create branding images through the software’s brand management software tools that allow them to create logos and imagery associated with their business. Consistent brand imaging is important to ensure consistency.
Features
Sales quoting software should provide contact management tools to help them create and manage contract records. The software should provide quoting proposals and manage data based on a database where it stores previous proposals. The sales quoting and proposal software should also be able to integrate with third-party software such as CRM software, accounting software, and sales automation software to improve workflow efficiency and allow for data re-entry. The sales quota software should provide automated quoting capabilities that can meet requirements, stock availability, and demand. The quoting software for sales should provide discount management software tools that provide configurations on sale discounts based on the amount/number of items ordered. The sales quota management software should provide pricing management tools to help them create rules that change according to the current industry demands.
- Contact management tools
- Central database containing previous proposals
- Integrate with third-party software
- Automated quoting capabilities
- Discount management tools
- Establish rules in estimating the pricing
Top 10 Sales Quoting Software
1. Claritysoft
Claritysoft’s CRM software is easy to use as its CRM system is optimized and helps them meet the goals to maintain their brand and convert new customers. Claritysoft has 20 employees and earns annual revenue of $2.9 million.
2. PandaDoc
PandaDoc’s document automation software allows teams to improve their document workflow for increased workplace productivity. PandaDoc has 728 employees and earns annual revenue of $145.7 million.
3. Rfpio
Rfpio’s response management software helps companies provide effective proposals to their potential partners. Rfpio has 326 employees and earns annual revenue of $60 million.
4. Sana Commerce
Sana Commerce’s eCommerce software helps establish their ERP effectively with tis e-commerce software capabilities. Sana Commerce has 270 employees and earns annual revenue of $39.1 million.
5. Proposify
Proposify’s proposal software helps companies to control their sales with confidence and consistency. Proposify has 113 employees and earns annual revenue of $16.4 million.
6. QuoteWerks
QuoteWerks’s quote management software helps provide sale quotes to allow companies to streamline their sale cycle and increase revenue and profitability. QuoteWerks has 53 employees and earns annual revenue of $7.7 million.
7. Mothernode CRM
Mothernode CRM’s customer relationship management software helps companies to accelerate company growth with its effective customer engagement capabilities. Mothernode has around 25 employees and earns a revenue of around $5 million.
8. CompanyHub CRM
CompanyHub CRM provides drag and drop tools for companies to build their CRM system. CompanyHub CRM has 12 employees and earns annual revenue of $1.7 million.
9. Commissionly.io
Commissionly.io’s allows for smart commission payment management that helps them gain more revenue. Commissionly.io has 7 employees and earns annual revenue of $1 million.
10. Better Proposals
Better Proposals help businesses get more sales with its proposal software that is easy to use and provides quick proposals in minutes. Better Proposals has 6 employees and earns annual revenue of $870,000.
FAQ
What should users consider when using sales quoting software?
Users should consider that sales quoting software can integrate with various software such as sales software to help the software accurately predict the cost of the product and service. Users should also consider that the software also contains cloud deployment features that are actually affordable and can help reduce capital cost and maintain better asset security in an affordable price range.
What trends should users of sales quoting software be aware of?
Companies that use sales quoting software should be aware that artificial intelligence software is getting smarter in calculating the cost of a product and a service that quoting pricing will be much easier for companies, especially in a business negotiation. Not only that but the software can also rely on conversational chatbots to take part in business negotiations that make it easier for companies to secure deals faster and more effectively.
How much does sales quoting software cost?
Pricing for sales quoting software can range from $5 per month to $10,000 per year or more with some software offering custom pricing which increases its pricing as it offers more features through subscription tiers. Pricing for sales quoting software varies depending on the features available and the intended users. Small companies may benefit from low-cost sales quoting software while large companies may benefit from high-cost sales quoting software.
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