How We Chose the Best Proposal Management Software
Proposal management software helps users create, present, and get approval for proposals or a request for proposal (RFP). There are numerous companies offering proposal management software with multiple features and services. We evaluated companies based on important proposal management features and out-of-the-box integrations and reporting tools.
Proposal Management Features
The best software should include useful features related to proposal management, such as various templates, version control, and electronic signature capabilities. Templates save time by providing the basic format to build successful proposals. When several team members are working on the same proposal, version control notifies collaborators of changes to keep everyone in sync. The ability to collect electronic signatures speeds up the proposal process while ensuring legally binding documents.
We recommend software that has built-in integrations with CRM systems and other platforms often used with proposal management software. Common integrations include payment gateways, accounting systems, project management platforms, and other software that helps streamline workflows.
Good software also includes detailed reports that help users assess and improve their proposal management practices. One common tool is proposal effectiveness reporting, which allows users to see which proposal content performs best to help craft more effective proposals.