Compare the Top RFQ (Request for Quotation) Software in 2025
RFQ (Request for Quotation) software streamlines the process of soliciting and managing quotes from vendors or suppliers for products or services. It enables businesses to create, distribute, and track RFQs while consolidating responses for easy comparison. These tools often include features like customizable templates, communication tracking, and analytics to ensure a transparent and efficient procurement process. By automating tasks and providing a centralized platform, RFQ software helps organizations save time, reduce costs, and improve decision-making. It is particularly valuable in industries with complex supply chains or frequent vendor interactions. Here's a list of the best RFQ software:
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1
P3Source
P3 Software
Crafted by industry-savvy print experts, P3Source uses the latest SaaS technology, to automate the conventional 'Bid and Buy' RFQ process commonly used in the Printing and Marketing Services Industry. P3Source acts as a project management and collaboration hub, where users manage dozens of simultaneous projects, bringing together all the details, files, approvals, notes, and historical data in one easy-to-search place. It archives completed projects for future access and detailed reporting. The P3Source web Customer and Supplier portals tie together the entire supply chain. Customers submit requests, upload production files and approve projects. Suppliers submit quotes, accept orders, exchange files, post shipments and present invoices. This streamlined approach ensures quick, hassle-free transactions for all parties. Celebrate the future of print management with P3Source - easy, efficient, and made with you in mind. -
2
Swoop Exchange
Swoop Exchange
Swoop Exchange is the best place for Optimal Swaps across chains. By leveraging Meta-DEX and Bridge Aggregation technology Swoop Exchange automatically sources, ranks, and routes quotes from the best DEX Aggregators and Bridges, ensuring the best prices for on-chain and cross-chain swaps. All your favorite protocols, that were previously fragmented and under various domains, with distinct Liquidity Sources and capabilities, are now under a single roof. You just ask for tokens to Swap or Bridge, and Swoop Exchange will pick the best option for your buck. With Swoop Exchange's powerful Aggregation technology, you get access under one roof to: ✅ 450,000+ Tokens ✅ 7+ Aggregators ✅ 13+ Bridges ✅ 50+ DEXs ✅ 280+ Liquidity Sources ✅ 16+ Blockchains ✅ AMM and RFQ execution All of DeFi is at your fingertips.Starting Price: Free -
3
AuraVMS
AuraVMS
As a buyer of commodity materials, you send out countless quotation requests every month. Talking to multiple vendors, giving them requirements, gathering their quotations, compiling all responses, and then negotiating takes a lot valuable time. It costs you money, because it takes extra 2 or 4 or 10 days to close certain requirements. AuraVMS helps you in collecting and comparing quotations. You first onboard your suppliers with very few details (and no intervention needed from them), and that's it! You're all set up to start sending quotation requests from multiple channels like Emails, WhatsApp, and more. Use AuraVMS to collect and compare quotations and you can focus on negotiations!Starting Price: $4.99/month -
4
Tradogram
Tradogram
Tradogram is an all-in-one procurement management software. Used worldwide by businesses to track their spending and manage their entire purchasing process. Trusted by procurement and finance teams for real-time visibility into data and streamlining workflows to provide insight into spending, users have reported 3X better efficiency and an average of 20% cost savings! What are you waiting for? Get your free account today and access tools like Supplier Management, Items Catalog, Approvals Workflow, Requisitions, RFQs, Purchase Orders, Delivery Tracking, Invoices Matching, Expense Reimbursement, Contract Repository, and many more... Seamlessly integrate Tradogram with your favorite accounting and ERP systems like Quickbooks, Xero, Netsuite, SAP, Microsoft Dynamics, Oracle, etc.Starting Price: $168/month -
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Planyard
Planyard
Build without doing repetitive data entry. Manage your budgets without Excel and back-and-forth emails. Let your subcontractors do the data entry for you. Know whether a project makes a profit or not before it finishes. Detect estimating and design errors. Save 3-5 days per month per project manager. Get rid of manual calculations and copy-paste. Standardize the processes and ensure compliance. Don’t let things fall through the cracks. Know whether a project makes a profit or not before it finishes. Save 3-5 days per month per project manager. Standardize the processes and ensure compliance. Detect estimating and design errors. Get rid of manual calculations and copy-paste. Don’t let things fall through the cracks. Easily prepare and send bid requests to subcontractors. Quickly evaluate RFQs next to each other, request bids adjustment via multi-round bidding, and convert the winning bid to a contract with one click.Starting Price: $20 per month -
6
Penny
Penny Software
Procurement solved. penny is a cloud-based Procure-To-Pay system. Penny helps you digitize and manage your full procurement cycle. Make requests, send RFQs/RFPs to multiple vendors, compare quotations, send POs and even payment. Penny was designed to make things easy and consolidate all your organization’s spending needs into one intelligent system. Certified by Procure Tech & Kearney Consulting as one of the 100 most innovative procurement solutions globally, you can be sure that procurement is made simple with penny. How can penny help your organization save time & money? ● Streamline procurement means that requests, approvals, and POs won’t be lost in emails or offline. ● Product requests are more accurate through catalogs, avoiding purchasing errors. ● The platform makes it simple to extract and track the history and records of requests and purchases.Starting Price: $1999 per month -
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Acquirell
Acquirell
Acquirell is a Corporate Procurement Platform that empowers SMBs to get the best terms from suppliers and have complete control over procurement. Acquirell includes the following modules: Requirements - assemble and approve requirements across departments and employees. Plan your purchases, along with informative dashboards PO processing - quickly create POs and send them to suppliers in a single system E-Sourcing - get the best prices from suppliers by conducting various forms of sourcing events: from the simplest ones, with RFQs sent to all suppliers, to auctions Contract Lifecycle Management - automate working with contracts: from initiating to archiving Supplier Relationship Management - control interaction with suppliers and manage the contractor database. Easily engage suppliers: invitations, easy registration, intuitive interface, single supplier workspace Analytics – reports on key procurement data: from budget savings to the percentage of unplanned POsStarting Price: $20 per user per month -
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Responsive
Responsive
Responsive (formerly RFPIO) is the global leader in strategic response management software, transforming how organizations share and exchange critical information. Our commitment to product innovation and customer success empowers companies to accelerate growth, mitigate risk and improve the employee experience by leveraging intelligent technologies to quickly and accurately manage RFPs, RFIs, security questionnaires (VSQs), due diligence questionnaires (DDQs), risk assessments and all other complex information requests (RFXs). With Responsive, frontline teams deliver superior responses by automating the completion of questionnaires, documents and spreadsheets while collaborating with stakeholders, improving processes with data insights, and quickly accessing approved content across popular business applications. -
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Prokuria
Prokuria
With Prokuria's cloud-based platform, you can streamline your procurement process and save time without compromising on quality or customizations that match each team’s needs perfectly! The intuitive interface makes it simple for any size business to use. Prokuria helps companies ease the procurement, purchase, and supplier management process through time and cost-saving solutions: 1. RFIs, RFPs, RFQs 2. Reverse Auctions for big impact 3. Requisition & Approvals 4. Supplier Management for utmost efficiency 5. Purchase Orders made interactively 6. Contract repository 7. Supplier Price Monitoring 8. No-Code for Procurement. User-friendly procedures boosting internal collaboration, alignment with stakeholders, and speed of business. With Prokuria, the procurement process is both modern and efficient. We use several different approaches to achieve this goal with a focus on: -Ease of use -Free-trial for you to test it -Fast implementation -In-depth customizationsStarting Price: €15.00/month/user -
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ProcurePort
ProcurePort
ProcurePort provides a best in class cloud hosted sourcing software that automates the entire source to pay process. Modules that seamlessly connect with each other that can be used independently or together. Following modules make up the ProcurePort Solution Suite -Requisitions -RFP & RFQ -eAuctions (Reverse, Forward, Dutch, etc.) -Contract Management -Supplier Management -Spend Analysis -P,O and Invoice Automation ProcurePort provides a best in class e-procurement platform, complimented by our industry-leading implementation service and support.Starting Price: $275.00/month/user -
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QLM Sourcing
QSTRAT
"QLM Sourcing" is a cloud strategic sourcing and supplier management solution that streamlines processes for user organizations to increase efficiency, throughput, and quality of output to drive increased profitability. QLM Sourcing offers a rich feature set including customer management and quoting, collaborative supplier eRFQ event management, business award and purchase order, spend analysis, and more. QLM Sourcing gives each user organization custom eRFQ templates for different product/service types. Amongst other innovative features is an automated notification function that reminds suppliers of an approaching due date to increase response rates and compliance. Efficiently manage your supply base with configurable document management, segmentation, supplier self-service and performance score-carding. Add new suppliers in seconds with no cost ever to suppliers, all without the overhead of a high-maintenance supplier portal. -
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LeanCost
HyperLean
LeanCOST is an innovative software solution that simplifies and speeds up the estimation of manufacturing times and costs from the earliest design stages. Thanks to the integration with the most popular commercial 3D CAD systems, it automatically obtains the geometrical product specifications and defines the relative manufacturing processes. Ensuring speed and control, LeanCOST optimizes the cost-estimating activities and thereby helps to make the most convenient choices. LeanCOST provides you with the ability to calculate detailed cost estimates using nearly any major 3D CAD model as a primary input. This dramatically reduces the amount of manual input required and allows a cost estimator to respond faster to customer RFQs. LeanCOST allows choosing the technologies to be implemented during the manufacturing process and selecting the cheapest strategy by simulating the manufacturing costs based on the quantity, machine availability, and technological feasibility.Starting Price: $2999 per year -
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Tryton
Tryton Foundation
Tryton® is a registered trademark of the Tryton Fondation Privée. Any third-party using the term "Tryton" must do so only to refer to the Tryton project, and not to refer to any other project or activity, unless the reference is unrelated to the Nice Classifications (9, 37, and 42) covered in the registration. TRYTON® is business software, ideal for companies of any size, easy to use, complete and 100% Open Source. Break down your expenses and revenues by category. Follow your requests for quotation and reduce costs by grouping orders. Transform raw materials into finished products with bill of materials and routing. Check the profitability of projects and never forget to invoice customers. -
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SmartPlant
Hexagon PPM
Keeping engineering information current and accessible throughout the lifecycle is challenging, but SmartPlant® Foundation (SPF) is a proven custom solution for plant information management. It ensures secure access to plant information, including engineering designs, vendor data, RFQs, specification sheets and all other relevant documents. With SPF, users are enabled to make rapid and accurate design and operational decisions from large and complex data sets during the entire plant lifecycle. SmartPlant® Foundation, the Hexagon PPM total solution for plant information management, ensures secure access to plant information, including engineering designs, vendor data, purchase orders, RFQs, specification sheets, and all ancillary documents to support the plant lifecycle. SmartPlant Foundation enables the user to make rapid and accurate design and operational decisions from large and complex data sets. -
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Asite
Asite
Asite is an open construction platform that enables organizations working on capital projects to come together, plan, design, and build with seamless information sharing across the entire supply chain. Asite’s range of solutions connect dispersed teams across the lifecycle of capital assets, enabling them to build better and build resilience. With Asite, capital project owners stay at the forefront of innovation, maintaining a golden thread of information throughout a project to facilitate the creation of digital twins.Starting Price: $375.00/month/user -
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Tap2Trade
Wings2Aspirations
Tap2Trade eRFI is easy and simple to understand and can be operated from both web and mobile. Buyer can create any type of questions for the information he would like to. With Tap2trade RFP/RFQ process buyer can easily upload complex BOQ’s/BOM’s and vendor can respond on the same either by downloading it thru web in excel or directly. Tap2Trade eBidding best practice template helps in not only automating the negotiation process but drives the best market price from participating vendors and brings. Order awarding is the process used to award the order post evaluating the proposal/ bids of the vendors. Purchase orders allow client to clearly and explicitly communicate their intentions to vendors.Starting Price: $4999.00/year -
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Surefront
Surefront
Surefront CRM is revolutionizing the wholesale industry with one-click data distribution to multiple channels, centralized communications, and easy adherence to industry regulations. With Surefront, both internal and external teams can work with 3D product imagery for a 360-degree view of each product. Teams can search for data in 3 ways: by order, product, or quote, in a fraction of the time. Review event logs and audit trails for compliance with SOX and other regulations right in Surefront for simpler, more accurate reporting. Managing quotes doesn't have to double a sales team's workload, either. Surefront lets teams send quotes to buyer lists and manage/respond to RFQs directly from the app. Our lead management tool automates data entry, freeing up sales teams to focus on what truly matters – the customers. Meet the CRM solution that's reshaping how wholesalers communicate. Experience the transformation firsthand by trying Surefront *free* for 30 days.Starting Price: $125/user/mo -
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Team Procure
Team Procure
Team Procure is a cloud-based procurement suite that empowers businesses to manage their purchasing approvals, purchase orders, strategic sourcing, suppliers, and inventory. Conduct RFQ and E-Auction negotiations to secure the best deals with your suppliers. Generate custom reports based on department, project, or category and make data-driven decisions for your procurement strategy. Team Procure caters to both SMBs and Enterprise organizations with the ability to customize our system using powerful software modules. We offer solutions for: • Purchase Requisitions • Custom Approval Workflows • Procurement Management • Supplier Onboarding & Management • RFQs and E-Auctions • Warehouse Inventory Management For large procurement operations, we offer an enterprise-grade solution with dedicated servers. It includes advanced sourcing features, a supplier portal, ERP integrations, and premium support.Starting Price: $250/month (3 users) -
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ASC Pricing and Quoting
ASC Networks
ASC Pricing and Quoting is a web-based platform designed for configure, price and quote (CPQ) management with a focus on RFPs, RFIs, RFQs, sourcing and procurement activities, and collaborative negotiation. On the sales and pricing side, ASC Pricing and Quoting automates and manages sales configurator requirements and pricing and promotion calculations such as customer, channel, volume and product-specific promotions and discounts. This entails the complete buy-side and sell-side contract management lifecycle such as quote to cash (QTC), quote to order (QTO), and configure, price, quote (CPQ). Automate, simplify and improve your pricing and tendering management, sales configuration and product configuration processes with ASC Pricing and Quoting solutions.Starting Price: $25 per user per month -
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AuctionSoftware.com
AuctionSoftware.com
Let our Auction experts guide you through each phase of development. Starting with layout designs, auction functions, to testing and product launch. Our auctions can be deployed as-is or customized to your specific business requirement. Our E-commerce experts will help you choose the right features for your business model. Our goal is to get you transactions. Forward Auction : The Forward auction are e-commerce auctions, which can be used by sellers to post their items to many potential buyers. With our Listing Tools, you can create items for the Auction in seconds. Barcode scanning, Upload manifests or enter any retailers item number and we will populate your catalog. Reverse Auction : The reverse auction, is best for a Service buyer that creates detailed specific RFQ into the secure web based reverse auction platform and Service provider submit their bids in real time to the buyer for review.Starting Price: $750.00+/one-time -
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Aestiva Sourcing RFQ
Aestiva Software
Streamline your sourcing process with Aestiva Sourcing RFQ. Set up an RFQ and send it out to one or more suppliers. Have them respond online and then, when you're done, compare your RFQs and award a winner. This RFQ package has the features you've come to expect from Aestiva -- the features of the worlds most sophisticated RFQ systems -- but without the price or complexity. Plus, this product includes a custom designed RFQ to ensure you get exactly the RFQ you need. It's why more companies choose Aestiva. Aestiva's RFQ Software systems have low IT overhead and can be deployed quickly. Our "simple-is-better" design philosophy matches well with the goals of Aestiva's medium sized business customers or enterprise customers.Starting Price: $7,495 one-time payment -
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MAG2View
MAG2View
Construction Management Software For Small To Medium Businesses. Take the hassle out of managing RFIs, submittals, and RFQs with MAG2View's versatile, centralized platform for communication and issue management. All emails sent from MAG2View include a link back to the project item while attachments are stored within the system, helping you stay organized. Team members can easily access information from their mobile devices and instantly update or view any item's status, improving communication. All past due and critical items are color-coded and there is an option to send automatic email reminders, ensuring nothing gets missed. Daily logs help you keep track of all RFIs and submittals on one dashboard and expedite the review process. Easily track RFQs, quotations, and billing and quickly change orders or directives when necessary. Keep your health and safety plan, form 1000, and all incident reports in one convenient location.Starting Price: $45 per user per month -
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Gosourcingwise
Gosourcingwise
Get sourcing sorted. Sourcing app made for QuickBooks Online. Create Request for Quotation with your items. Use your existing products and services from QuickBooks to create RFQ's. Send RFQ's to your existing vendors and new ones . Send RFQ's automatically to existing vendors via email. Share RFQ's to vendors that you don't have record about yet and get them created automatically when RFQ is awarded. Compare Quotes. Easily compare received quotes from your vendors. Choose the winning bid and have Purchase Order created automatically. Features and benefits. Everything you need to manage your sourcing. Deep integration. Gosourcingwise is deeply integrated with QuickBooks. QuickBooks is source of truth for master data. Intuitive to use. Sourcing process in Gosourcingwise is well thought through and easy to use. Secure Gosourcingwise is running in a secure cloud. Your data is safe with us. Reporting. Analyze every RFQ project and the received quotes by dates, prices etc.Starting Price: $30 per user, per month -
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TendrX
TendrX
From here on you can manage your customer opportunity and add more details about equipment, transport modes, your financial targets, etc. Manage your tenders, RFQ’s, bids, and other opportunities with our cloud-based platform. There are many CRM platforms out there but we felt most miss specific functionality for logistics. Not only did we build unique features for logistics but we also link directly with our marketplace. In the near future, we will be adding more integrated modules that will offer even more value to our customers. That makes TendrX a must-have for every carrier! We are a CRM platform for logistics service providers and a marketplace where shippers can find new carriers and manage their network. TendrX offers fully cloud-based solutions and is focused on streamlining logistics activities related to sales, tenders, marketing, and overall process efficiency. We offer subscription models and ease-of-use of our software.Starting Price: €9.95 per month -
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Easy4Pro
Easy4Pro
The private marketplace for efficient on-demand transportation. Work with our trusted carriers or invite your own suppliers. Enforce your procurement procedures with ease, ensuring compliance and minimizing errors. With our on-demand transport platform, you can be confident in always having a solution to streamline your procurement processes. Retrieve & centralize all of your negotiated grids. Increase competition amongst suppliers through a reverse auction. Save up to 25% on each request. Launch your real-time RFQ in less than two minutes. Delegate your transport logistics, we can work on 4PL control tower implementations. Get validators to approve from any device and enable effective segregation of duties. Ensure one-to-one price confidentiality. Simplify your freight audit and financial intermediation. Connect via APIs/EDIs to your ERP or TMS. Choose between simple reporting or dive deeper with our Business Intelligence dedicated service.Starting Price: Fees on the Transports -
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OpenJanela
OpenJanela
OpenJanela is a powerful window and door ERP software that is built for the way you do business. We learn from our customers, and we constantly update and improve the platform to meet all of your needs. OpenJanela is a commercial open source ERP that is used by hundreds of manufacturers and dealers around the world. Generate leads with B2B and B2C ecommerce. Manage sales & service appointments, schedule, and record communications/tasks generate quotations, onsite service modules, record service time & materials, and much more. Manage inventory, purchases, shipping, receiving, supplier requests for quotations, multiple locations, multiple warehouses, mobile shipping, receiving, and warehouse management apps, and more with our window and door ERP. Our commercial open source window design software and door design software help you produce windows and doors faster, generate fast and accurate prices, manufacture more efficiently, run your CNC machines, and manage all schedules.Starting Price: Free -
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Promena
Promena Strategic Procurement Solutions
Founded in 2001, Promena stands out as a dynamic force in the digital transformation landscape, continually strengthening its global position through enduring partnerships and a growing customer base. This platform, armed with versatile modules, offers E-Sourcing to optimize sourcing activities with unmatched efficiency. E-Procurement streamlines procurement processes, ensuring cost-effectiveness. Contract Management simplifies handling complex contracts, enhancing compliance. Supplier Relationship Management nurtures robust supplier ties. Quick RFQ facilitates swift, precise quotation requests, boosting responsiveness. The Supplier Network fosters a thriving ecosystem for seamless supplier interactions. Together, these modules position Promena as an all-encompassing solution for contemporary business hurdles, advancing operational optimization and strategic growth. Embrace the change with Promena, and witness a transformation in business efficiency and relationships. -
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Loopio
Loopio
Loopio is a technology company that helps enterprises supercharge their responses to RFPs, DDQs, and Security Questionnaires. It’s been adopted by more than 800+ world-leading organizations, including DocuSign, FedEx, IBM, Sprinklr, and Thomson Reuters, since 2014. Loopio users can create better responses with a searchable library of up-to-date knowledge with their intuitive RFP content management system. The intelligent import and question auto-detection help you kickstart responses faster—no copying and pasting required. Users can also stop answering the same questions over and over again by letting their Magic RFP automation tool respond to FAQs in one click. Loopio’s flexible pricing plans help you leverage the platform’s intelligent content management and automation features for all of your responses. They also offer free trials. -
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QorusDocs
QorusDocs
Create business-critical documents more efficiently with QorusDocs. QorusDocs helps sales and business development teams bridge the content gap by offering powerful, intuitive pitch, proposal and content management solutions. With QorusDocs, teams can create accurate and up-to-date pitches, proposals, contracts, RFP responses, and more. QorusDocs is available on premise and in the cloud. Qorus proposal management software empowers your team to create tailored responses for proactive proposals, presentations, pitches, RFIs, RFQs and RFPs 5X faster. Whether you work in Managed IT Services, SaaS, Professional Services, or Legal, our proposal management software is purpose-built to help you stay competitive and simply win more business. With QorusDocs’ QPilot (QorusDocs AI Assistant), QorusDocs further accelerates content research, content generation and continues to simplify collaboration within sales, bid, marketing and business development teams to deliver business critical documents. -
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DigiFabster
DigiFabster
Empower your shop's estimating team with tools that allow them to process RFQs in minutes not days. Provide your customers the modern experience they want, allow them to drag-drop CAD files to get pricing, and place orders 24/7 on your site. DigiFabster is designed to be quick to implement, easy to use, and flexible to match your business processes. We set out to change the way shop software was implemented. Our browser-based quoting solution is instant-on and requires no installation or maintenance from your staff. Setup can be completed in a matter of hours and our support staff is available 24/7 to assist if you have 1 or 100 machines. Our mission is to allow a quick and painless path to RFQ automation and growing your business. We understand not every business wants and needs a full automated e-commerce solution. DigiFabster allows for 4 configurations for handling RFQ request, instant pricing, manual review, manual review with price threshold and TBD mode.Starting Price: $49 per month -
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OroCommerce
Oro Inc.
OroCommerce is a B2B-focused commerce platform that enables complex sales processes for manufacturers, wholesalers, and distributors. OroCommerce is a complete solution that includes CRM and marketplace solutions with online storefronts optimized for the needs of B2B sellers including RFQ (request for quote) and CPQ (configure price quote). OroCommerce has many unique capabilities including a low-code workflow automation tool, and is a market-leading platform recognized by industry analysts and trade associations. OroCommerce's founders are eCommerce industry veterans Yoav Kutner, CEO; Dima Soroka, CTO; and Roy Rubin, Director of Oro's Advisory Board.Starting Price: $45000.00/year -
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ProcurEngine
AgileApt Solutions
Simple, Effective and Powerful companion for your organization to strengthen your procurement application software functions. Negotiation suite for all types of software procurement services and scrap sales. Extremely easy to use RFI, RFP, RFQ, Reverse Auction and Forward auctions. Digital onboarding of e-procurement solution provider of new suppliers including evaluation, approval and supplier performance management, and online bill acceptance. Note for Approval with auto-selection of approvers based on defined Delegation/Schedule of Authority applicable for various purchase groups. Complete contract management, software procurement services. Selection of templates from repository and provision to change with workflow-based approval from legal teams. Exclusive personalized workspace for all your vendors with option to see past event participation details, upcoming events, bill submission, update records, etc. -
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EMERGE App
Higher Identity Group
Order, purchase, and inventory management solution with simple accounting. Better manage sales reps. Check customer, product information & generate quotation & sales on the go. Win the cross border game with multi-currency, custom export packing list & workflow documents. Manage products with the production, serial number, batch, variants & multi-location firepower. Customize language or text for your documents to better serve your native customers. Manage your back to back orders swiftly with smart workflow & purchasing request for quotation (RFQ) module. Know every historical company data with a few clicks. Game your operations. When you need to manage your customers, suppliers, products, inventory, imports, exports, sales, purchases, payments, bills for your distribution, wholesale & trading business, EMERGE has you covered!Starting Price: $24 per month -
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MyShaleWell
Myshalewell
MyShaleWell™ is a SaaS (Software-as-a-Service) cloud-based logistical platform to manage Shale Gas Well Sites; including complete well site logistics, a marketplace to connect key providers and services essential for productivity and efficiency of workers, processes, materials, equipment, monitoring, training, safety and security. Logistics - well site planning, development, and work processes (Materials / Equipment / Workers and ability to inventory and monitor operations - site security, environmental monitoring data). Marketplace RFQs, advertisements, company listings, and descriptions. Access to information on mobile and web platforms. Total Shale Gas Well Site Logistics, Marketplace, Site monitoring, and visibility of well site data. Set up well sites with access to service providers and suppliers, workers, equipment, and materials. QR codes for equipment, materials, and workers to document who, what, when, and where your company is.Starting Price: $50 per month -
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Sibro
Sibro
SIbro insurance broker software helps you to organize and track every stage of a policy; from prospects management and renewal follow-ups, preparation of RFQs and quote comparison sheets, to collecting payments, delivering policies to customers in order, endorsements, and more. Sibro's insurance claims management module not only helps you track, but also automates and eases your entire in-house claims management. Sibro suggests the documents required for a claim. It can fetch real time claim updates via TPA integration. They aid you in ways you have never thought about. Sibro's accounts module systematically corrects mistakes and ensures insurance broker's due receivables. It helps you track every receivable invoice and their reconciliation. It also exposes cases where we missed receiving brokerage. Sibro also eases your IRDAI compliance process significantly.Starting Price: $4500.00/one-time/user -
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TenderEasy
TenderEasy
TenderEasy empowers procurement professionals to build better RFQs by streamlining processes and putting crucial benchmarking data at your fingertips. Get the tender software with industry-specific features like easy excel uploads and carrier feedback and negotiation capabilities. TenderEasy’s intuitive interface lets you manage spot bidding faster. Process automation and centralized data lets you do it again and again.Starting Price: $100 per month -
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TakeOff Plus
Contractors Software Group
Takeoff Plus is an integrated estimating software solution for home builders and contractors looking to expedite and manage their estimating, material takeoff, proposal/spec writing and the creation of purchase orders, subcontracts, work orders and RFQ’s. Takeoff Plus can be purchased as a stand-alone application or as part of the Plus Series, a single-entry CRM, estimating, scheduling, project management and job cost accounting system. Takeoff Plus can be accessed internally on your computer or via the Internet on any mobile device or laptop that has Internet connectivity. Why invest in stand-alone Estimating software when you can invest in fully integrated software from Contractors Software Group!Starting Price: $1995 one-time payment -
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Sourceit
Sourceit
Sourceit was created to achieve one key goal, simplify the sourcing process and make life easier for buyers all over the world, whether they’re working on their own or within an organization. We wanted to do it with software that was nice to look at and easy to use. Sourceit was originally conceived and developed in 2010 as a specialized sourcing, job and order management software for marketing services, our market, and catalog modules. Since then we’ve grown from our humble beginnings in Australia with great clients and partners all over the world, and while we’ve kept improving our ‘classic’ products, we’ve grown the family with the recent addition of our new RFQ app. Our clients mean a lot to us, they help our products evolve and give us great reasons to keep improving our applications. Simplicity is really important to us and we stay focused on keeping our business and applications simple.Starting Price: $3500 per month -
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pliXos Tender Manager
pliXos
The Tender Manager is an online service that was developed by purchasing and outsourcing specialists in order to optimize the purchasing process from start to finish - from the preparation of the tender documents, through contact management, to the evaluation of the offers for complex outsourcing tenders . It is a powerful and valuable tool for implementing RFI, RFP and RFQs. For buyers, pliXos tender management offers a comprehensive solution for creating tender documents, requesting offers to service providers and evaluating offers. Suppliers can answer the tenders online via the web browser. The effort for answering is significantly reduced by additional storage options for the answers. The use of this tool means the reduction of running times and thus of costs for everyone involved in this process. The projects can be processed faster and at the same time the evaluation of the offers is objectified. -
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Procol
Procol
Best procurement software that is flexible, user-friendly, cost-effective, enterprise-grade secure, and can be deployed in under 7 days to optimize your procurement management. Consolidate your entire spend and achieve higher cost savings. Gain 100% spend visbility with end to end audit trails. Save time from manual follow ups and automate procurement tasks. Become the customer of choice for all your suppliers. Centralize all of your requests by moving sourcing activity out of email inboxes to streamline request management and create structured data via eSourcing. View supplier bids and responses side-by-side / Build RFPs, RFQs, and RFIs in minutes with a tool designed for sourcing. Deliver higher cost savings with 45+ unique bidding algorithms. Discover prices like never before. Save thousands of hours by providing a supplier portal to manage communications, transactions and issue resolution. -
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The Broker Forum
The Broker Forum
Discover the features and value-add services that make The Broker Forum invaluable to buyers and sellers of electronic components around the world. Access the most advanced online procurement system in the industry for electronic component brokers and distributors. Send unlimited RFQs, quotes, and purchase orders quickly and efficiently to your customers. Rate other members and share your experiences with the member feedback feature. Use the feedback left by others to learn more about their company and make more informed business decisions. Access your account on The Broker Forum whenever you want, wherever you are. Optimized for BlackBerry, iPhone, Nokia and Samsung devices, but available on many others, you’ll be able to conduct business on the go. Our advanced search engine allows you to quickly search millions of components in the world’s largest online marketplace. Perform single and multi-part searches, filter, and customize your search results in real-time. -
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BuilderBid
BuilderBid
Modern tools that save you time and help you predict your costs. Designed by builders to be user-friendly. The features you need, without extra complexity. Manage pre-construction with the best and most simple estimating software on the market. Your team can access the portal from any web browser, on any device. Measure plans in a fraction of the time. Our tools do all the calculations for you as you measure. Reduce typos and mistakes. Produce professional-level quotes and proposals that position you as a true home-building pro. Accurate estimating starts with having the right tools. Perform takeoffs up to 10x faster than traditional methods. Tools to simplify and organize your bidding/RFQ (request for quote) process. Define specs and manage bid requests in our software. Measure plans in seconds. We make it easy to perform various types of quantity takeoffs such as SF, LF, each count, cubic volume, & more.Starting Price: $75 per month -
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Synchro
SynOption
SynOption operates Synchro, a Crypto Options Analytics and Trading Platform. Our dynamic OTC platform allows for trading of Crypto options in OTC and Exchange based formats, providing liquidity across exchanges, product suites, and alt-coins. Key Features of Synchro - Crypto Options Analytics and Trading Platform 1. Multi Leg Strategies 2. Delta Cost Savings 3. Institutional Liquidity 4. RFQ Based Workflows 5. Multiple Clearing Venues -
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AvSight
AvSight
Our feature-rich platform offers unparalleled security, a user friendly design, and countless time-saving automation. AvSight was designed to meet the specific needs of the aviation aftermarket. Our platform streamlines even the most complex of tasks, saving you time and money, improves communication, and gives you real-time insights into your business. See just how simple things can be with the right software. At AvSight we know that organizing customer data, eliminating redundant tasks, and making sure your quotes count, translates into more revenue. Sorting through hundreds or thousands of RFQs makes it easy to miss your best prospects. Quote 360 allows you to see all of your RFQs in one place, and automatically scores your best prospects on the criteria that are most important to your team. Retrieve customer data, prepare quotes, and view dashboards on the go. AvSight’s mobile-first design keeps you in the loop when you’re on the road.Starting Price: $114 per month -
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Jiga
Jiga
Source high-quality, cost-competitive custom parts faster by partnering directly with vetted manufacturers. Jiga partners you directly with vetted manufacturers so you can communicate and get competitive, reliable human quotes. Our platform speeds up your workflow from request to delivery, so you can build great products faster than ever. Jiga partners you directly with vetted manufacturers so you can communicate and get competitive, reliable human quotes. Our platform speeds up your workflow from request to delivery, so you can build great products faster than ever. At Jiga, we connect you to vetted, high-quality machine shops worldwide, offering CNC machining capabilities ranging from simple drill press machines to advanced 5-axis and 6-axis machining centers. -
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Upland Qvidian
Upland Software
Build a winning proposal and respond to request for proposal (RFP) more efficiently with Upland Qvidian. Cloud-based and feature-rich, Upland Qvidian is an enterprise-grade RFP and proposal automation software solution that streamlines content management and drives business efficiency via a single trusted content library. Key benefits of using Upland Qvidian include centralizing sales and proposal content, enabling real-time collaboration, measuring business performance, ensuring compliance, creating and delivering professional documents, and more. -
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CrossCap Distro
CrossCap
An intelligent distribution software platform for instore, branch and franchisor marketing. Modularized for multi-team collaboration in web & mobile. Single project management tool for all your campaigns. Centralized asset repository for all your visual elements. Collaborate with multiple suppliers on project tasks. Controlled access for all internal and external team members. Work with multiple large format printers and wide format printers. RFQ jobs to suppliers for production and distribution. Compare bids from suppliers and select a preferred vendor. An archive to track and analyze costs for items produced and distributed. An integrated reordering system ensures locations can only reorder items they’re qualified to receive. Integrated & automated tracking with UPS, FedEx & other carriers. Pre-integrated with UPS, FedEx, Purolator, DHL. Real-time order status for all shipments. -
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kg³
kg³
kg³ was founded by specialist professionals with procurement, logistics & consulting backgrounds in 2013. We aim to offer innovative, lean and easily manageable technology solutions. Besides a comprehensive SaaS suite, kg³ offers consulting and interim management in the areas of sourcing and procurement. The kg³ procurement solution enables freight buyers to run large and complex transportation tenders. The powerful rate engine takes the effort out of analysis and ensures a correct comparison of complex rate structures. The provision of targeted and data-driven feedback enables bid participants to deliver significant savings. For Logistics Services Providers to manage internal work-flow and respond comprehensively and efficiently to customer RFQs. Planning and coordinating quotation workload across large global organizations is a major challenge: late, inaccurate or inconsistent internal responses can prevent you from responding on-time and professionally to the customer. -
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ILS
Inventory Locator Service
Maintenance, Repair and Overhaul companies of any size and market or product specialization rely on ILS (ILSmart) to ensure their unique full service or component, airframe and engine capabilities are marketed and available to the entire aviation industry. Aerospace MROs focused on commercial, GA/BA (General Aviation/Business Aviation) or Defense platforms depend on ILS to drive more demand and leverage Intelligence to ensure the best parts are sourced cost-effectively. Efficiently market and sell your Maintenance, Repair and Overhaul Services to the largest buyer community worldwide driving $5B+ in RFQs annually. Benefit from the latest Aerospace supply chain Insights and use advanced AI/ML selling tools to convert buyer demand into revenue. Create awareness and demand for your parts and services with Digital Advertising and Visibility options. Integrate your Supply Chain directly with the ILS Marketplace and qualify for Accredited Vendor Status. -
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QuoteBee.io
QuoteBee.io
Add discounts and taxes per line item and/or add to overall pricing directly while preparing quotes. Configure and group together frequently used products and services with custom fields. Send quotes online for acceptance by your customers and publish changes to it. Save reusable material in the content library and prepare quotes even faster than before. Discuss with your customer while they review quotes online and handle every objection live. Manage unique combinations of products and services in the catalog that deliver exactly what your buyers need. Generate best combination that solve customers' problem from the catalog directly while creating quotes. Send documents to your customers with an online viewer and get real-time notifications of views and comments. Define token placeholders for customer details in your templates and quickly replace them before sending. -
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Aufait
Aufait
Our tender management system helps remove time-consuming and labor-intensive manual tendering process and get a transparent procurement process for your organization. Our Tender Management software is an online service that helps suppliers and buyers to interact with each other to achieve prominent efficiency in all aspects of a tendering process. Whether it is complex tendering or simple RFP/RFQ process, Tender Management helps an organization in executing an effective Eprocurement strategy and make your procurement or tendering function hassle-free. It takes care of the complete procurement life cycle, starting from the vendor or supplier registration process until awarding the contract. By using this solution organizations can ensure the transparency of the entire tender management process. -
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TendersWorld
TendersWorld
Tendersworld is a global tenders search engine powered with AI. Find tenders and business opportunities including RFPs and RFQs that are international, national, regional, local and from your city. Avoid searching hundreds of tender sites as a single search will bring all results in one place. Get alerts about tenders and bookmark your favourite ones! -
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VistaQuote
Ambry Hill Technologies
Receive RFQ emails from your favorite listing services, just like you always have. VistaQuote finds your RFQs, cleans up your inbox, and organizes them for rapid response. VistaQuote rules can route RFQs and alert you on critical sales opportunities based on your preferences. View real time business data on the spot, for fast pricing decisions, with one click. Send your customer their quote, and with no data entry required, the quote is automatically entered in your business software. With VistaQuote, read and respond to RFQs inside one platform while at your desk using our website interface or on the go with our mobile app. Here is a practical example of how we thoughtfully designed VistaQuote for you: Our cutting-edge technology deploys a first ever automated export compliance solution using your new or existing VisualCompliance eCustoms subscription. Once activated, VistaQuote will automatically screen all your new RFQs against global threats and bans. -
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Procure 2 Pay
Discus Business Solutions
procure 2 pay is an e-procurement solution that efficiently manages your complete procurement cycle from purchase requisition creation to the final payment, and brings structure and transparency to the sourcing process. Buyers and vendors have their own portal dashboard where they manage RFQs and quotation submissions using their individual logins. Fully configurable templates make it easy for suppliers to participate in bidding process for various product types and specifications and send quotations online. Automated and auditable procurement process. Configurable, multi-level approval process for different product groups. Keep your teams going even when working from outside the office. Streamline your purchase process with digital PRs and RFQs. This will remove the need for any paper and increases overall efficiency. Create separate buyer groups for separate products. Hence you will be able to split access and responsibilities. -
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OSL
OSL
OSL Singapore is the Singapore entity for OSL, the trusted digital asset platform. It provides access to large liquidity pools, systematic intelligent Request for Quote (iRFQ) trading, and lending and borrowing of digital assets. OSL Singapore is a member of BC Group, Asia’s leading public technology and digital asset company. OSL’s vision is to lead the regulated, institutional evolution of the digital asset market and the mission is to deliver best-in-class access to digital assets, setting the global standard for innovation, performance, security, and compliance. OSL Singapore is certified by the Singapore FinTech Association as a blockchain, digital asset and financial inclusion provider. OSL Singapore is also a member of Blockchain Association Singapore. OSL’s over-the-counter (OTC) trading combines access to unparalleled market liquidity with complete privacy and guaranteed price quotes. -
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0x
0x
The liquidity endpoint for DeFi on Ethereum, BSC, Polygon, and more. 0x API is a professional-grade liquidity aggregator enabling the future of DeFi applications. Our smart order routing splits up your transaction across decentralized exchange networks to be filled with the lowest slippage possible. Offer competitive pricing through 0x's RFQ system. Enables free limit orders and true peer-to-peer liquidity. Access AMM liquidity that you can’t get anywhere else. Don't ever worry about adding new sources, we have it covered. Better prices, faster response times, and lower revert rates than any other aggregator on the market. Automatically create orders that can be passed directly through your smart contracts to be settled on-chain. Matcha is the global search engine for liquidity and markets that enables users to trade tokens at the best price through a world-class interface. -
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DesignConcept
Lectra
DesignConcept is a virtual prototyping, preliminary costing and digital product development solution that enables you to quickly design and develop high-quality trim covers without going over budget. Using virtual prototyping, you can analyze and discuss the impact of any changes to styling, choice of material or trim processes to determine the most cost-effective options. DesignConcept simplifies technical feasibility studies, allowing for accurate, immediate material stress analysis and pattern-flattening adjustments. Using embedded automatic marker making, achieve faster RFQ turnaround with precise fabric and leather consumption estimates. These studies can even include estimates of sewing and supply costs. The software also makes it possible to prepare ready-to-cut pieces for automatic cutting with full trim specifications. Streamline your trim cover business by seamlessly integrating all your design and development processes. -
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Hashflow
Hashflow
Exchange OS is the ZK Settlement Layer that makes it easy for any exchange to prove its off-chain transactions on-chain. Off-chain pricing leads to tighter quotes, giving you more bang for your buck. All Hashflow quotes are executed at the displayed price, what you see is what you get. Hashflow’s RFQ liquidity gives users access to the best-guaranteed prices and MEV-protected trades directly from professional market makers. Cryptographic signatures make front-running impossible. Keep what you earn. Trade with no additional fees and gas fees up to 50% lower than popular AMMs. Now you can leverage advanced pricing algorithms to earn highly competitive yields by simply depositing liquidity, letting them do the work for you. Pools are continually monitored to prevent impermanent loss. Most DEXs rely on automated market makers to enable the buying and selling of assets, and although important, they’re far from perfect. -
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Kojo
Kojo
Save over 5% on direct material costs by comparing vendor prices and availability in one simple dashboard. Kojo's intelligent documents transfer material and pricing information between requisitions, POs, RFQs, OAs, invoices, and your ERP system, keeping everything accurate and up-to-date. Cut out unnecessary emails and phone calls from your material requisition, ordering, and delivery process. Send digital requisitions to the office with clear, accurate, and organized material information, ensuring the right materials are ordered and delivered on time. Snap a photo of your deliveries with your phone and keep track of what's been delivered, damaged, or is missing. Only buy what you need based on material stock levels and reduce leftover materials that need to be stored. Teams can see real-time warehouse material inventory and delivery statuses from their computer or mobile devices. -
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Bid Detail
Bid Detail
Bid Detail is an innovative web-based platform, designed by experienced professionals who understand Government tenders, e-Procurement, E tenders, Contract awards, and upcoming tenders. The website brings together all information relating to Government Tenders, procurement news, government contracts, RFPs, RFQs, and online tenders so that companies or users can access them quickly and easily, wherever they are located around the world. -
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SOLIDWORKS MBD
SOLIDWORKS
SOLIDWORKS® Model-Based Definition (MBD) lets you define and organize 3D dimensions, tolerances, datums, notes, Bills of Material (BOMs), and other annotations; customize publishing templates for manufacturing, such as Part or Assembly Specifications, Request for Quote (RFQ), and Incoming Inspection Reports. You can also publish to widely accepted formats, such as eDrawings®, STEP 242, and 3D PDF for clear 3D communications. For easier adoptions of the model-based practices, several convenient capabilities have been included in every seat of SOLIDWORKS Standard. With SOLIDWORKS Standard, you can annotate a 3D part or assembly, organize the 3D definitions with annotation views and communicate in eDrawings all directly in 3D. -
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Mydatafactory
Mydatafactory
Quickly determine if a tender or request for quotation has enough overlap with the products you offer. Immediate insights to see if it is valuable to invest your time in this customer. On average matching or cross-referencing consumes 80% of the time spent on tendering. Mydatamatcher makes this process 10 till 20 times as fast. This enables you to give a high-speed response while also supplying your customer with the most compelling proposal. Through our solution, you respond faster and deliver a better proposal. The first step of our solution for tender, quotation and bid matching is giving you instant insights of the potential overlap between the customer request and your assortment. The only thing you need to do is enter the requested products list from the tender, and start matching it to your assortment. -
63
Procverse
Procverse
Procverse, the world's first Web 3.0-enabled ERP-driven B2B E-marketplace for Manufacturers. It seamlessly automates procurement and sales processes, providing a dynamic marketplace for product showcases. Effortlessly navigate your procurement cycle from RFQ to Purchase Order with Procverse. Benefit from internal approvals, Supplier discovery, and Reverse auctions, empowering your company with seamless efficiency. Procverse goes beyond being a platform; it's an ecosystem. It Connects companies and provides them access to free inquiries harnessing the power of synergy. Also, Experience an Amazon-like marketplace where companies showcase and sell products online. Facilitate the exchange of goods, including scrap materials, through automated forward and reverse auctions. Access high-end reports and dashboards, arming your company with intuitive tools for effective management. Procverse is not just a solution; it's your partner in navigating the future of B2B excellence. -
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Mtivity
Mtivity
Operate multiple types of marketing sourcing from a single platform, RFQ, Ratecard, Material purchasing and time based services all with automated purchasing and approval options. At the heart of Mtivity’s sourcing engine is the automated benchmarking and savings calculations engine, from simple cost saving through complex gainshare and rebate models, Mtivity can track and automate these calculations instilling trust and transparency in the purchasing process. Mtivity automatically identifies the best sourcing method based on your own data, freeing up your users to add value and increasing internal and external client satisfaction. -
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PrintMedia Manager
PrintMedia Manager
Easily manage the print quotes and orders for all your print jobs, from the initial print quote through shipment and invoicing, workflow tools are available for all users to collaborate on the production process. One simple-to-use form allows you to create and submit an RFQ for all types of printed products. View all print quotes on one page with various sorting options to get a clear picture of your bids. Save thousands of dollars on your print budget by matching the best price and quality from our vast database of printers. PrintMedia Manager provides tools for print buyers to manage their print spend with print brokers or directly with printers. Print brokers can utilize the service to easily manage print purchases for their customers. A simple and quick method to enter your printing quotes from the print buyer's RFQs. -
66
Legato
Claro
Legato eliminates the need for endless RFQs, price comparison spreadsheets and hours trying to find and vet the best suppliers. You need to be an expert in a thousand product groups and know everything there is to know about screen printing, dye sublimation, laser engraving, tampo printing, ram punching, litho printing and more. As a procurement pro, you want it all: perfect quality, outstanding service and exceptional value. The challenge lies in finding the world's best suppliers (and finding the time to do it). Our Legato logistics team has massive expertise and looks after all the details, setting you free to create outstanding marketing campaigns. -
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Tacto
Tacto
Procurement is drowning in administrative and repetitive tasks: Filling out forms, bridging internal system breaks or managing unstructured spreadsheets. We help you to automate tedious processes and to create the necessary structures as a solid foundation in your strategic procurement. Tacto brings the benefits of a digital procurement process to your company, creating the necessary freedom for value-creating and strategic work. Use these possibilities to establish smooth processes in RfQs and supplier management to develop a resilient system for the future. Future-proof procurement utilizes innovative data analysis and artificial intelligence to sustainably increase the value contribution of procurement. Our software enables your team to master the increasing complexity in procurement through data-driven decision-making. -
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AVNU
AVNU
Our mission is to create the Liquidity Infrastructure that empowers traders and DApps with best execution, competitive pricing, and access to a vast range of assets on Layer 2s. Our commitment is to deliver an industry-leading user experience and reshape the swap market landscape. By leveraging professional market makers and off-chain pricing algorithms, the RFQ system ensures better pricing and tighter quotes. This approach not only optimizes the price discovery process but also helps minimize hidden costs. Moreover, the use of cryptographic signatures ensures MEV protection, preventing front-running and maintaining a secure trading environment. The DEX aggregator scans and combines liquidity from various AMMs to find the best trading route, minimizing slippage and optimizing trade execution. By aggregating multiple liquidity sources, AVNU ensures that users have access to the most competitive prices available in the market. -
69
Arphie
Arphie
Arphie is an AI-powered platform designed to streamline the process of responding to Requests for Proposals (RFPs), Requests for Quotations (RFQs), questionnaires, and Due Diligence Questionnaires (DDQs). It offers secure, live integrations with company-approved data sources, enabling users to win more bids while saving over 80% of their time. Arphie's AI agents assist teams in crafting high-quality RFP responses and efficiently handling questionnaires, thereby accelerating deal velocity. The platform features intuitive AI writing capabilities that learn from a company's business context, including the latest product developments and marketing metrics. It integrates seamlessly with tools like Google Drive, SharePoint, and Confluence, reducing the need to chase cross-functional teams for information. Arphie prioritizes security and transparency by displaying the exact sources used to generate AI answers and indicating the AI's confidence level. -
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GovAIQ
GovAIQ
GovAIQ is an AI-native proposal management platform designed to streamline RFP/RFQ processes for government contractors. It offers tools for writing comprehensive responses without extensive staffing, analysts for quickly analyzing and qualifying RFPs/RFQs, and proposal agents for multi-layered proposal drafting and management. The platform supports team collaboration, including with external partners and consultants, and ensures data privacy by not using client data for training or sharing. GovAIQ provides market activity and trend insights, and its AI-driven reasoning engine autonomously configures agents to deliver dynamic, nuanced proposals. The platform is built for teams, enabling effective collaboration and integration of expertise into efficient proposal pipelines. It also offers unlimited team creation and member invitations, facilitating seamless coordination and project execution. GovAIQ is a beta product of G2X Labs, provided without expressed warranties. -
71
InterLeukin
InterLeukin
Search and source the medical products and services you can't find elsewhere. Easily request multiple quotes from different suppliers. Choose from thousands of medical brands from anywhere. Hassle-free managing of purchase orders. Buy from hundreds of suppliers with better prices. Buy from hundreds of suppliers with multiple payment options and terms. Promote, bid, manage orders and logistics, and get paid fast within one platform. Submit the medical products you need. Our team keeps on updating different categories and supplier listings and assists you with strategic sourcing opportunities. Registered buyers can discover and get quotes from multiple accredited suppliers and brands, send their POs, and pay on terms within one platform. Become part of the Philippines' largest and most active network of B2B medical buyers and distributors/suppliers. Participate in RFQs from thousands of medical institutions and purchasers online. -
72
DeepStream
DeepStream Technologies
Create and manage your RFPs, RFQs, and RFIs in DeepStream's cloud-based platform - giving you the power to save time, reduce spend, and transact with confidence. With DeepStream you can finally save your procurement team from wasting their time running source-to-contract processes using manual tools, and get them back to strategic work that will add business value. As a best-of-breed e-sourcing platform, we are poised to help teams move from business requirements to awarding suppliers and managing contracts - plan your RFx processes and invite, assess, and negotiate with suppliers all within our cloud-based platform. Create contracts from your awarded Requests and experience efficient and auditable source-to-contract processes. Tell us your requirements, hit search and explore a list of new suppliers in just minutes. -
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Axya
Axya, Inc.
When collaboration and tracking rely mainly on spreadsheets and email, procurement becomes a challenge, and supply chain risks increase. Axya is a procurement software tailored for manufacturing companies that provides end-to-end operational visibility, simplifies stakeholder collaboration, and empowers procurement teams by automating tedious tasks. We recognize the delicate balance between cost efficiency and supplier relationships. The RFQ module isn't just about minimizing expenses; it's about making informed choices that nurture fruitful supplier connections. While we can't promise a world without delays, we equip strategic buyers with the tools to proactively manage them and always get real-time status updates on their purchase orders, ensuring minimal disruption and maximum efficiency. Both buyers and suppliers have real-time access to project details, allowing you to keep everyone in sync and projects on track with automated updates and collaborative features. -
74
Freightender
Freightender
The most flexible and easy-to-use cloud-based freight sourcing solution for all modes of transportation. Freightender is a cloud-based freight tender platform launched that makes freight sourcing processes simple and efficient. With Freightender you can easily run air, road and ocean tenders. Thanks to our flexible technology, superior support model and affordable pricing we have become the fastest-growing e-procurement platform in logistics. Powerful features for RFI’s, RFQ’s, mini-tenders, lane requests and spot bids. Air, FTL, LTL, Ocean, Rail and Courier. -
75
PunchOutCX
CoreXpand
Punchout catalogs allow your business to connect your product catalog directly to your buyer’s eProcurement system. We handle the entire integration and testing process for you, and we universally connect to any eProcurement platform out there. Our clean and intuitive catalog sites will give your buyers a great impression and easy browsing experience. Sites are designed to match your brand. For no additional cost, we'll help your team utilize PunchOutCX to deepen relationships with current customers and secure new business. We handle the entire integration and testing process for you, and we universally connect to any eProcurement platform out there. Our clean and intuitive catalog sites will give your buyers a great impression and easy browsing experience. Sites are designed to match your branding. PunchOutCX satisfies the most demanding RFQ and procurement requirements like level 2 punchout, shipping and tax integration, e-invoicing, and edit/inspect. -
76
Vcidex C-Procure
Vcidex Solutions
C-Procure is a cloud based marine e-procurement solution for buyers and sellers within the maritime industry. C-Procure aims to provide integration of the buyers and suppliers around the globe to the ship owners and contractors. C procure retrieves all the Purchase Orders (PO) or Request for Quote (RFQ) created in your fleet management system. This is distributed to supplier chosen by you and the vendor quotes that is received in Cprocure’ s portal is accessed. Later you can review, verify and accept the quotes provided by the vendors that match your acceptance criteria. C procure aims to give a cost-effective integral solution to both small and large sized businesses. For our customers who lack a large fleet management system, C procure can offer a purchasing solution that has inbuilt portal for to help you to generate RFQ, manage vendor, track purchase orders and invoice management.Starting Price: $50 per month -
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Siena eTrader
Eurobase International
Siena eTrader offers ESP, RFSQ, RFQ pricing and full-limit order management powered by multi-bank liquidity sourcing via its inclusive pricing engine. In both direct customer, agency and broker models. Protect your market position and increase your currency offering with auto-hedging and cover & deal automation backed up with stand out trading controls, best execution monitoring & control of customer instrument eligibility. Manage prices in real-time to keep up with volatile market conditions. Spread, skew and pull prices in real-time to effectively manage risk. Supporting integration to existing pricing engine(s) or 3rd-party aggregators. Siena can fully integrate with your current customer portal. Single sign-on, branding, news and charting enrich the customer experience. Deals, orders and transactions are exported to 3rd-party systems in real-time, powering your customer 360° views. -
78
ConfigBox
Rovexo
ConfigBox is a multi-functional Product Configurator for Joomla, WordPress and Magento with integrated Order Management and implements the whole order process from product configuration, request for quotation (RFQ), ordering and shipping. With a ConfigBox license, you do not need any additional software for a complete eCommerce solution. There are extra packages for integration with third-party systems and open interfaces to create adapters for other ERP or CRM systems. ConfigBox enables you to present complex products and services in a simple and professional fashion and prevents incompatibilities and calculates intelligent pricing automatically. All this comes in full integration with Joomla/Magento and soon for a broader range of content management and eCommerce systems. Product data entry is done with interfaces that are specifically designed for user-friendliness and intuitive handling. -
79
BusinessBid
BusinessBid
BusinessBid is a user friendly eSourcing solution that will help you run transparent RFQ’s and eAuctions enabling you to achieve significant cost and time savings. BusinessBid Procurement Software allows you to easily create and manage events from a single dashboard. Receive bids, communicate and negotiate with suppliers in one place. Save time collecting and organizing event details, creating comparisons and audits. Let BusinessBid do it for you so you can spend your time where it matters. Managing your company’s purchase requisitions via email or paper is a hassle as it is difficult to track the process. With BusinessBid’s requisition management tool, buyers stay organized and purchasing becomes transparent right from the start. Requisitions are listed on a central dashboard and assigned a unique number, thereby decreasing the number of emails sent back and forth. -
80
Ravti
Ravti
Your commercial HVAC solution. Get insight into your HVAC—and gain the power to operate smarter. Shouldn't you know what's on your roof? Discover crucial data that allows you to close deals faster and improve your budget. Conveniently send service dispatch and RFQs to your preferred vendors. Use our technology and unparalleled experience to find your best deal. View your HVAC work history and an automatically updated HVAC inventory all in one place. Gather valuable maintenance history and take action on tenants who aren’t properly maintaining their HVAC. Drive your decisions with data. Our built-in reporting and in-house analytics team means you can make choices based on facts, not hit-or-miss guesswork. -
81
DASH ATS
DASH
DASH ATS is an off-exchange liquidity venue for the US Listed Options market. Registered as an alternative trading system with the SEC, our DASH ATS liquidity management software increases liquidity through an automated RFQ process. Market makers and liquidity providers respond with their quotes before the order is routed to an exchange. DASH ATS aggregates a network of third-party liquidity providers to potentially deliver liquidity that is not available on the screens. DASH ATS can reduce or eliminate exchange fees when it pairs your order with liquidity found within the ATS. DASH ATS can become part of your current workflow, as a stand-alone solution or as part of a routing strategy. Enabling it is as simple as a few clicks by our trade desk with no disruption to your existing workflow. Leverage the DASH ATS Visualizer in DASH360 for complete transparency into routing behavior, fees, and market data. -
82
PPEX
PPEX
Investors can access secondary shares of private investments and other non-listed securities, including late-stage private companies, private funds, special situations and other exempt securities. The PPEX ATS offers investors access to liquidity through a structured, regulated alternative trading venue. Primary issuers can potentially access new pools of capital by encouraging the development of secondary markets for their securities. The PPEX ATS offers increased transparency for investors through market-based price discovery and access to new sources of liquidity. The PPEX ATS provides users a straightforward interface. Easily place trades or submit a Request for Quote (RFQ) to gauge market interest before placing a firm order. The PPEX ATS is operated by North Capital, a leading provider of technology and brokerage services for private offerings. -
83
GoComet
GoComet
GoComet is the world’s most easy-to-use, intuitive multimodal logistics platform that helps companies transform the way their supply chains operate, creating process resilience and driving double-digit cost savings. GoComet RFQ management module gets you the best deals at the best price via recursive rate reduction. Track & trace all your international shipments on a unified dashboard with GoComet shipment tracking module. Foolproof invoice processing with GoComet automatic invoice reconciliation module. Built around growing your business, GoComet’s digital automation can help you reduce your transportation spend, strengthen your business model and collaborate more effectively with both your vendors and suppliers. Completely eliminate email dependency and make the process up to 70% more efficient. Every interaction in the procurement and contract process is recorded and made available. -
84
smartFI
smartTrade
smartTrade’s innovative technology allows financial firms to overcome their challenges around liquidity shortage and an increasing number of market makers and venues that are causing fragmentation in the market. With smartFI you achieve better transparency, broader access to liquidity, higher trade efficiencies, and you fulfill your regulatory obligations. Low latency and high throughput connectors to any fixed income market. Electronification of your trades, orders, quotes, requests for quotes (RFQs), indications of interest (IOIs), and more. Access to multiple fixed income asset classes such as government bonds, corporate bonds, and interest rate swaps. Support all types of execution types: order, order staging, RFQ, RFS, RFM, Lists, Portfolios, multi-legs. Flexible market data aggregation across venues and price types (executable, firm, indicative, IOIs, axes, A2A). -
85
LightSource
LightSource
Procure effortlessly, on budget, and on time. Top-performing supply chain managers use LightSource to make strategic sourcing easy. Join the modern B2B network for suppliers and buyers in manufacturing. Say goodbye to word-of-mouth referrals and endless Googling, say “hello” to intelligent supplier recommendations. Collaborate with your teammates on strategic sourcing projects, send RFQs to suppliers, and collect quotes with ease. Compare bids using insights automatically extracted from your normal day-to-day work combined with vast publicly available resources. The best decisions are clear and easy to communicate. Our “savings engine” helps manage BOMs and cost-targets, and identifies new savings opportunities to create win-wins for buyers and suppliers. Automatically identify savings and send RFQs in 5 minutes. Illuminate your supply chain with your new sourcing super powers. -
86
Kkonnect.io
Kkonnect.io
At Kkonnect.io, every feature is designed to drive real results—reducing time, costs, and inefficiencies, while enhancing transparency and decision-making. Explore the key features that make this platform essential for hardware manufacturers. Automate demand gathering, create and distribute RFQs seamlessly, and track supplier responses in real-time. Eliminate spreadsheet-heavy workflows. Our AI analyzes quotes side-by-side, highlighting key differences and cost implications for faster, more informed decisions. Share RFQs via a single link with multiple suppliers at once--no need to manage countless emails. -
87
Strataware
Mystrata
The Urbanise Strata platform is used to manage apartment buildings, strata commercial towers and large housing communities. The system is cloud-based and integrates management, communication and accounting functions all on one integrated platform. Ledger accounting, auto bank reconciliation, customizable account settings. Automatic levy generation and distribution, automated arrears escalation. Easily drag and drop, share and access documents securely. Online and onsite meeting functionality, autogenerate agendas and minutes, bulk distribution, customizable templates. A complete suite of financial reports, automated scheduled reporting, and localized legislation referencing. Bulk invoice processing, online approval management, single payment process for multiple accounts. Work order system, request for quotations, track work order history, supplier compliance management. -
88
SourceDay
SourceDay
Streamline supplier collaboration. The relationship between buyers and suppliers is broken. Every quote, purchase order and invoice is still emailed repeatedly, updated manually and chased down daily. Our SaaS solution creates real-time visibility and accountability between you and your suppliers. Plus, it integrates with your ERP system ensuring that pricing, quantity, lead times and delivery dates are accurate. With automated workflows and accurate information, you can cut your risk. SourceDay’s cloud solution digitally transforms collaboration between buyers and suppliers. Now, you can manage your direct spend more efficiently from quotes to purchase orders to invoices and quality control. Ditch your spreadsheets. Manually managing RFQs puts you at risk for errors or a quote getting lost in your inbox. Digitizing your RFQ process makes it easy to compare quotes and make better-informed decisions. -
89
StructShare
StructShare
Stop chasing POs and invoices. StructShare is Designed for specialty trade contractors. An all-in-one software to streamline material management - field request, RFQ, PO, delivery, invoice, inventory, and real-time costs. Finally, a single software for all purchasing workflows! Streamline your entire operations, prevent miscommunication, and optimize pricing. Quick field orders and PO management. One-click pricing comparison. Touchless accounting recording. Automated invoice reconciliation. Connect to any accounting/ERP Warehouse inventory control Zero-touch data collection and dashboard. Customized integrations to all construction accounting and ERP systems. Used For the following Services: Electrical, Plumbing, HVAC, Mechanical, Concrete, Framing, Drywall, Roofing. -
90
ProMRO
Clients First Business Solutions
Generate more accurate quotes, quicker with the Template functionality. Utilize the PartsBase integration to ProMRO. Empower your sales staff, track win and loss info, pipeline revenue, and seemlessly manage your entire sales process. To find out more visit the ProMRO ERP for the MRO page. Create built in processes to eliminate redundant tasks and data entry. Allowing you and your staff to focus on taking care of customers and growing the business. The ProMRO integration to PartsBase has an automatic refresh of your inventory and RFQs. Increase the productivity of your staff, reign in inventory cost – while creating more satisfied customers who come back again and again. You will be able to seamlessly search for PartsBase parts from within ProMRO with the integration tool. All available information is displayed, such as qty available, vendor information, etc. In addition, you have full control over what you list and not list when using the ProMRO’s PartsBase integration. -
91
RapidQuote
eHub Software
Founded in 1998, eHub Software provides enterprises and government-managed e-sourcing services, RapidQuote. With RapidQuote, you can Benchmark-approved vendors. Reduce overall costs by 14% - 40% through competitive bids. Dramatically improve bid response cycle time by 80%. Access to over 250,000 supplier databases. RapidQuote is easily configurable to meet individual organizational purchasing policies and to incorporate approved vendor databases. All existing purchasing practices can be implemented including RFQ, RFP, RFI, Reverse Auction, catalog and off-catalog-based purchasing. eHub Software delivers a standalone, scalable and cost-effective e-procurement solution for enterprise to streamline their purchasing processes, increase efficiency and reduce procurement-related costs. With eHub Software software, purchasing officers build a Private Purchase Portal (PPP), which serves as a one-stop procurement source for all approved suppliers and supports existing purchasing methods. -
92
Tradeslot
Tradeslot
Tradeslot is a global leader in providing Multi Round bid platforms for corporate and government customers. Tradeslot implements multi-round bid platforms for a range of industries and commodities in markets across Australia, NZ, UK and Europe. Tradeslot was chosen to run the multi-billion dollar multi-round bid platform for the Australian carbon trading exchange. Tradeslot is well position as the multi-round bid platform of choice for any organisation looking to move beyond sealed bids (RFP, RFQ or Online Tenders) for the sale of high value commodities. Companies such as Grib Diamonds, Dominion Diamonds, and government agencies such as the Federal Government of Australia trust the Tradeslot multi-round bid platform to deliver the very best sales outcomes.
Guide to RFQ Software
RFQ software, or Request for Quotation software, is a digital tool that businesses use to automate the process of requesting quotations from suppliers. This type of software is particularly useful for companies that frequently purchase goods or services from various vendors and need an efficient way to compare prices and terms.
The primary function of RFQ software is to streamline the procurement process. Traditionally, businesses would have to manually reach out to each potential supplier, request a quote, and then compare all the quotes they received. This could be a time-consuming and error-prone process. With RFQ software, however, businesses can automate much of this work. They can send out requests for quotes to multiple suppliers at once, track responses in real time, and easily compare different offers.
One key feature of RFQ software is its ability to standardize the quotation process. When businesses manually request quotes from suppliers, there's often a lack of consistency in how information is presented. Some suppliers might include certain details in their quotes while others might leave them out. This can make it difficult for businesses to accurately compare different offers. But with RFQ software, all suppliers are asked to provide the same information in the same format. This makes it easier for businesses to make apples-to-apples comparisons.
Another important feature of RFQ software is its ability to integrate with other business systems like enterprise resource planning (ERP) and customer relationship management (CRM) systems. This integration allows businesses to pull in relevant data from these systems when creating their requests for quotes. For example, they might pull in data about past purchases from a particular supplier or about current inventory levels.
RFQ software also typically includes analytics capabilities that allow businesses to track key metrics related to their procurement activities such as average response time from suppliers or average cost savings achieved through competitive bidding.
In addition to these core features, some RFQ software also offer additional capabilities like supplier management tools that help businesses evaluate and manage their relationships with suppliers, and contract management tools that help businesses track and manage contracts with suppliers.
RFQ software can be beneficial for businesses of all sizes. For small businesses, it can help them save time and reduce errors in the procurement process. For larger businesses, it can help them manage complex procurement activities involving multiple departments or locations.
However, like any software tool, RFQ software is not without its challenges. Implementing this type of software often requires a significant investment of time and resources. Businesses need to train their staff on how to use the software effectively and may need to adjust their existing procurement processes to fit with the software's capabilities.
RFQ software is a powerful tool that can streamline the procurement process by automating the request for quotation process. It standardizes information from suppliers making comparisons easier, integrates with other business systems for efficient data utilization, tracks key metrics through analytics capabilities and offers additional features like supplier and contract management tools. While implementation may require an investment of time and resources, the potential benefits in terms of time savings, reduced errors, improved supplier relationships and better procurement decisions make it a worthwhile consideration for many businesses.
RFQ Software Features
RFQ (Request for Quotation) software is a tool that helps businesses automate the process of requesting quotes from suppliers. It streamlines procurement processes, enhances supplier relationships, and improves purchasing efficiency. Here are some of the key features provided by RFQ software:
- Supplier Management: This feature allows businesses to manage their supplier information in one place. It includes details like contact information, product or service offerings, pricing structures, and performance metrics. This centralized database makes it easier to compare different suppliers and make informed decisions.
- Automated RFQ Creation: RFQ software automates the creation of request for quotation documents based on predefined templates. Users can customize these templates according to their specific needs, ensuring consistency and accuracy across all RFQs.
- Bid Comparison: Once responses from suppliers are received, the software enables users to compare bids side-by-side on various parameters such as price, delivery time, quality standards, etc., making it easier to select the most suitable supplier.
- Communication Tools: The software provides built-in communication tools that facilitate seamless interaction between buyers and suppliers. These may include messaging systems, email integration or even video conferencing capabilities.
- Analytics and Reporting: RFQ software often comes with robust analytics and reporting capabilities that provide insights into procurement activities. These reports can help identify trends, monitor supplier performance, track savings achieved through negotiations, etc., aiding strategic decision-making.
- Integration Capabilities: Most RFQ tools can be integrated with other business systems like ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), or accounting systems for seamless data exchange and streamlined operations.
- Document Management: This feature allows users to store all related documents such as quotations received from vendors, purchase orders issued, etc., in a centralized location for easy access and reference in future.
- Compliance Tracking: Some advanced RFQ tools also offer compliance tracking features that ensure all procurement activities adhere to the company's policies and regulatory requirements. This can help avoid potential legal issues.
- Notification System: RFQ software typically includes a notification system that alerts users about important dates or actions required, such as when a quote is due or when a supplier responds to an RFQ.
- Security Features: Given the sensitive nature of procurement data, most RFQ tools come with robust security features like encryption, access controls, audit trails, etc., to protect against unauthorized access or data breaches.
RFQ software offers numerous features that simplify and streamline the procurement process for businesses. By automating routine tasks, providing valuable insights through analytics, and facilitating effective communication between buyers and suppliers, it helps businesses save time, reduce costs and make better purchasing decisions.
What Are the Different Types of RFQ Software?
RFQ (Request for Quotation) software is a tool that helps businesses automate the process of requesting quotations from suppliers. There are several types of RFQ software, each with its unique features and benefits:
- On-Premise RFQ Software:
- This type of software is installed directly on the user's computer or server.
- It allows users to have full control over their data and customization.
- It often requires an IT team to manage and maintain the system.
- It may involve higher upfront costs but can be more cost-effective in the long run.
- Cloud-Based RFQ Software:
- This software is hosted on the provider's servers and accessed via the internet.
- Users don't need to worry about maintenance or updates as these are handled by the provider.
- It offers scalability, allowing businesses to easily adjust their usage based on needs.
- The initial cost is usually lower than on-premise solutions, but there may be ongoing subscription fees.
- Mobile RFQ Software:
- This type of software can be accessed through mobile devices like smartphones or tablets.
- It provides flexibility for users who need to access information or perform tasks while on-the-go.
- Features may include push notifications for bid updates, real-time collaboration tools, and offline access.
- Integrated RFQ Software:
- This software integrates with other business systems such as ERP (Enterprise Resource Planning) or CRM (Customer Relationship Management).
- Integration allows for seamless data transfer between systems, reducing manual entry and potential errors.
- It can provide a more comprehensive view of procurement activities within a company.
- Industry-Specific RFQ Software:
- Some RFQ software is designed specifically for certain industries like manufacturing, construction, or healthcare.
- These solutions come with industry-specific features and workflows that cater to unique needs.
- Multi-Vendor RFQ Software:
- This type of software allows businesses to send requests to multiple vendors at once.
- It can help streamline the comparison process and ensure competitive pricing.
- RFQ Software with AI Capabilities:
- Some RFQ software incorporates artificial intelligence (AI) to automate and optimize processes.
- AI can assist in analyzing vendor responses, predicting market trends, or identifying potential cost savings.
- RFQ Software with Analytics Features:
- This software provides data analysis tools for tracking and evaluating supplier performance, pricing trends, and procurement efficiency.
- It helps businesses make data-driven decisions and improve their procurement strategies.
- Collaborative RFQ Software:
- This type of software facilitates collaboration between team members during the quotation process.
- Features may include shared workspaces, real-time updates, and communication tools.
- Customizable RFQ Software:
- Some RFQ solutions allow users to customize forms, workflows, reports, etc., according to their specific needs.
- Customization can enhance user experience and improve process efficiency.
Benefits of RFQ Software
RFQ (Request for Quotation) software is a tool that businesses use to automate the process of requesting quotations from suppliers. This software provides several advantages, including:
- Efficiency: RFQ software automates the process of sending out requests for quotes to multiple suppliers at once. This saves time and resources compared to manually contacting each supplier individually.
- Accuracy: The software reduces the risk of human error in preparing and sending out RFQs. It ensures that all necessary information is included in each request, reducing the likelihood of misunderstandings or miscommunications.
- Standardization: With RFQ software, businesses can create standardized templates for their requests, ensuring consistency across all communications with suppliers. This makes it easier to compare quotes when they come in because they're all based on the same criteria.
- Record Keeping: The software keeps track of all sent and received RFQs, providing a clear record of communication with suppliers. This can be useful for future reference or if any disputes arise.
- Supplier Management: Many RFQ tools also include features for managing supplier relationships, such as tracking performance metrics and maintaining contact information.
- Cost Savings: By streamlining the quotation process and making it easier to compare quotes from different suppliers, businesses can identify cost-saving opportunities more easily.
- Integration Capabilities: Most RFQ software can integrate with other business systems like ERP (Enterprise Resource Planning) or CRM (Customer Relationship Management). This allows for seamless data sharing between systems, improving overall business efficiency.
- Improved Decision Making: With all quote-related data stored in one place and presented in an easy-to-understand format, decision-makers can make more informed choices about which suppliers to work with.
- Transparency: Using an automated system increases transparency in procurement processes by keeping track of every step taken during the quotation process - who was contacted, what prices were quoted, etc. This can help businesses ensure they're following best practices and maintaining ethical standards.
- Scalability: RFQ software is designed to handle large volumes of requests, making it a scalable solution for growing businesses. As your business expands and you need to send out more RFQs, the software can easily accommodate this growth.
RFQ software offers numerous advantages that can streamline procurement processes, improve supplier relationships, and ultimately save businesses time and money. By automating tedious tasks and providing valuable insights into supplier performance and pricing trends, this tool is an invaluable asset for any business looking to optimize its procurement strategy.
Who Uses RFQ Software?
- Procurement Managers: These are professionals who oversee the purchasing of goods and services for a company. They use RFQ software to streamline their procurement processes, compare supplier quotes, and make informed decisions based on price, quality, and delivery times.
- Supply Chain Managers: These individuals manage all aspects of a company's supply chain operations. They use RFQ software to solicit bids from suppliers, analyze costs, and optimize their supply chain strategies.
- Purchasing Agents: Purchasing agents are responsible for buying supplies, materials or parts for their organization. They use RFQ software to automate the process of requesting quotes from multiple vendors at once, saving time and ensuring they get the best possible prices.
- Business Owners: Small business owners often wear many hats including that of a procurement officer. RFQ software helps them efficiently manage their purchasing needs by allowing them to quickly request quotes from various suppliers and compare offers.
- Project Managers: Project managers may need to procure specific resources or services for their projects. Using RFQ software allows them to easily gather pricing information from different vendors which aids in budgeting and planning.
- Financial Analysts: Financial analysts within an organization might use RFQ software as part of cost analysis or budget preparation. The ability to quickly obtain multiple quotes can provide valuable data when forecasting expenses or analyzing potential cost savings.
- Sales Representatives: Sales reps working for suppliers also interact with RFQ software but from the other side - they receive requests for quotations through these systems. This helps them respond promptly with accurate pricing information.
- Manufacturing Managers: Those in charge of manufacturing processes may need raw materials or machinery parts regularly. An RFQ system allows them to request and compare quotes from different suppliers efficiently.
- Inventory Controllers: Inventory controllers are responsible for managing stock levels in an organization. They can use RFQ software when it's time to replenish inventory by sending out quote requests to multiple suppliers.
- Contract Managers: Contract managers who handle the negotiation and compliance of contracts within a business can use RFQ software to gather pricing information that aids in contract negotiations.
- IT Managers: IT managers may need to procure hardware, software or IT services. They can use RFQ software to request quotes from various vendors, compare prices and terms, and make informed purchasing decisions.
- Construction Managers: Construction managers often need to source materials for their projects. Using RFQ software allows them to easily request quotes from multiple suppliers, ensuring they get the best price and delivery schedule.
- Logistics Coordinators: These professionals are responsible for managing all aspects of shipping processes. They might use RFQ software when sourcing for freight carriers by sending out quote requests and comparing rates.
- Product Development Teams: These teams often need specific materials or components when developing new products. An RFQ system helps them obtain competitive quotes quickly which can speed up the development process.
How Much Does RFQ Software Cost?
RFQ (Request for Quotation) software is a tool that businesses use to automate the process of requesting quotations from suppliers. The cost of RFQ software can vary greatly depending on several factors such as the size of your business, the number of users, the complexity of your supply chain, and the specific features you need.
At the lower end of the spectrum, some basic RFQ software packages may be available for as little as $10-$20 per user per month. These are typically cloud-based solutions that offer basic functionality such as creating and sending RFQs, tracking responses, and comparing quotes. They may also include some level of integration with other systems such as accounting or ERP software.
Mid-range RFQ software typically costs between $50 and $100 per user per month. These solutions often offer more advanced features such as supplier management, contract management, spend analysis, and more sophisticated integration capabilities. They may also offer more customization options to fit your specific business processes.
High-end RFQ software can cost several hundred dollars per user per month or even more. These are usually comprehensive procurement platforms that include a wide range of features beyond just RFQ management. They might include things like e-procurement, inventory management, invoice automation, budgeting tools, analytics and reporting capabilities, etc.
In addition to these monthly or annual subscription fees, there may also be upfront costs associated with implementing an RFQ software solution. This could include things like setup fees, data migration costs if you're switching from another system or training costs for your staff to learn how to use the new system effectively.
It's also worth noting that many vendors offer tiered pricing plans where you pay less per user if you have a larger number of users. So if you're a large organization with many employees who will be using the software it might work out cheaper on a per-user basis than if you're a small business with only a few users.
While cost is obviously an important factor when choosing RFQ software, it's also crucial to consider the potential return on investment. By automating and streamlining your procurement processes, a good RFQ software solution can help you save time, reduce errors, negotiate better deals with suppliers and ultimately save money. So even if the upfront costs seem high, it could still be a worthwhile investment in the long run.
What Software Can Integrate With RFQ Software?
RFQ (Request for Quotation) software can integrate with various types of software to enhance its functionality and efficiency. One such type is Customer Relationship Management (CRM) software, which helps in managing customer data, interactions, and sales pipeline. Integration with CRM allows RFQ software to access customer information directly, making the quotation process more personalized and efficient.
Another type of software that can integrate with RFQ is Enterprise Resource Planning (ERP) systems. ERP systems help businesses manage their day-to-day activities like accounting, procurement, project management, risk management and compliance, and supply chain operations. By integrating RFQ software with ERP systems, businesses can streamline their procurement processes by automating quote requests from suppliers.
Inventory Management Software is another type that integrates well with RFQ software. This integration allows businesses to monitor stock levels in real-time while creating quotations for customers or suppliers.
Project Management Software also works well with RFQ tools as it helps in tracking the progress of various tasks involved in the quotation process. It ensures timely completion of each step involved in generating a quote.
Accounting Software can also be integrated with RFQ tools to automatically update financial records whenever a new quote is generated or an existing one is modified.
Email Marketing Software can be used alongside RFQ tools to send automated emails about quotes to customers or suppliers. This integration enhances communication efficiency between all parties involved.
Recent Trends Related to RFQ Software
- Increasing Demand for Automation: One of the major trends in RFQ (Request For Quotation) software is the increasing demand for automation. Companies are looking for ways to streamline their procurement processes, reduce manual paperwork, and improve efficiency. RFQ software provides automated solutions for these requirements.
- Integration with ERP Systems: Many businesses are integrating their RFQ software with their Enterprise Resource Planning (ERP) systems. This allows them to manage all their business processes, including procurement, from a single platform. It also enhances data accuracy and reduces duplication of efforts.
- Adoption of Cloud-Based Solutions: There's a growing trend of businesses adopting cloud-based RFQ software solutions. These offer benefits such as easy accessibility, scalability, cost-effectiveness, and real-time updates.
- Greater Use of Analytics: Businesses are making use of RFQ software that offers analytics capabilities. This helps them to evaluate supplier performance, track pricing trends, monitor spending, and make data-driven decisions.
- Focus on Mobile Accessibility: As the workforce becomes increasingly mobile, there's a growing emphasis on RFQ software that can be accessed through mobile devices. This enables employees to manage procurement processes anytime, anywhere.
- Emphasis on Secure Data Management: With the increase in cyber threats, companies are focusing more on secure RFQ solutions. This includes encryption, secure data storage and transfer, and access control features.
- Rise in AI-powered RFQ Software: There is an increasing trend towards AI-powered RFQ software that can analyze historical data to predict future pricing trends or automatically select suppliers based on predefined criteria.
- Increased Use in Small and Medium-Sized Businesses (SMBs): Initially, large corporations were the main users of RFQ software. However, SMBs are now recognizing the benefits of such tools and this is driving growth in the market.
- Enhanced Supplier Collaboration Features: Modern RFQ tools often include features that allow for better collaboration between buyers and suppliers such as chat functions, shared documents, and timelines.
- Increasing Use of SaaS Model: The Software as a Service (SaaS) model is becoming increasingly popular for RFQ software. Under this model, businesses pay a subscription fee to use the software which is hosted on the vendor's servers.
- Compliance Management: There's an increasing trend towards RFQ software that includes compliance management features. This helps businesses ensure they are meeting all regulatory requirements in their procurement process.
- Customization Capabilities: Businesses are also looking for RFQ software that offers customization capabilities. This allows them to tailor the software to fit their unique business needs and processes.
- Rise in Multi-Currency and Multi-Language Features: With globalization, there's a growing need for RFQ software that supports multiple currencies and languages. This enables businesses to seamlessly conduct transactions with international suppliers.
- Emphasis on User-Friendly Interface: As more employees are required to use RFQ software, there's an increased focus on developing user-friendly interfaces. This makes the software easier to use and requires less training time.
- Green Procurement: With increasing focus on sustainability, some companies are using RFQ software to track and promote green procurement practices, such as sourcing from suppliers who comply with environmental regulations or standards.
How To Select the Right RFQ Software
Selecting the right Request for Quotation (RFQ) software is crucial for businesses to streamline their procurement process and make it more efficient. Here are some steps to help you choose the right RFQ software:
- Identify Your Needs: Before you start looking at different RFQ software, identify your business needs. What specific features do you need? Do you need a simple tool that only handles RFQs or a comprehensive procurement solution?
- Research: Once you have identified your needs, start researching different RFQ software options available in the market. Look at their features, pricing, and reviews.
- Check Features: Make sure the software has all the necessary features like supplier management, bid comparison, analytics and reporting, etc. It should also be user-friendly and easy to navigate.
- Integration Capabilities: The RFQ software should easily integrate with your existing systems like ERP or accounting system to ensure seamless data flow.
- Vendor Reputation: Check the reputation of the vendor in the market. Look at their customer reviews and ratings on various review platforms.
- Pricing: Compare pricing of different RFQ software keeping in mind not just the upfront cost but also ongoing costs like maintenance, upgrades, etc.
- Customer Support: Good customer support is crucial for any software implementation. Ensure that the vendor provides timely and effective customer support.
- Trial Period: Most vendors offer a trial period for their product before purchase which can be very useful in understanding if it fits your needs.
- Scalability: As your business grows, your requirements might change over time so choose an RFQ software that is scalable and flexible enough to accommodate future changes.
- Security Measures: Since this type of software deals with sensitive information about suppliers and bids, it's important that it has robust security measures in place to protect this data from potential threats.
By following these steps, you can select an RFQ software that best suits your business needs and helps streamline your procurement process. Utilize the tools given on this page to examine RFQ software in terms of price, features, integrations, user reviews, and more.