Examining data from 1,500 RFP teams worldwide, Loopio’s annual trends report reveals the most common benefits of RFP software are:
Enhanced Proposal Quality: RFP software users experience higher satisfaction in terms of quality, accuracy, and efficiency. They also achieve a 12% increase in team win rates.
Improved Team Satisfaction: RFP platforms also reduces stress levels by 5%, leading to greater team satisfaction and improved win rates.
Faster Response Rate: With RFP automation tools like answer auto-fill, software users respond to more RFPs, experiencing an average 27% increase in response capacity. This allows for thoughtful response approaches.
Increased Revenue Generation: Software users drive 65% more revenue—$405.2M annually compared to $245.1M for non-software users.