If you are in the business world, then you know how important efficiency is. There is always a bottom line to meet, and time is always of the essence. And when it comes to business, sales, and efficiency you are well aware of how essential proposals are. They are the lifeblood of your business and can make or break a deal. But proposals can be time-consuming and difficult to create, especially if you don’t have the right tools. This is where proposal software can come in and help increase efficiency within your business. 

Proposal software can automate tedious tasks, keep track of important deadlines, and help to streamline the process from start to finish. With the right proposal software, you can save time and money, and close more deals. In short, it can change the way you do business for the better.

What is proposal software?

A proposal is a request for financial assistance to implement a project. Proposals are written by soliciting organizations seeking funding from donors. They are also written by small businesses seeking investment from venture capitalists. The process of writing a proposal can be daunting, but proposal software can make it much easier.

Proposal software helps you to organize your thoughts and create a professional-looking document. It can also help you to track changes and manage revisions.

How proposal software can help

Here’s how,

1. It Saves the Amount of Time It Takes to Draft a Proposal

Believe it or not but every successful deal requires an effective sales proposal and drafting such proposals every time while pitching your product or service is a total waste of your valuable time.

This is where templates come in handy. Proposal management software provides templates that offer a pre-build structure using which you can create customizable proposals in just a few minutes. These templates can be very helpful in minimizing the time it takes to draft a proposal.

2. It Eliminates the Need for Team Meetings

Meetings- are a big part of the sales proposal process. And when such meetings go out of control then the productivity either drops down or completely stops. 

With proposal software, you can eliminate the need for such team meetings, as it allows you to invite your internal team members from sales, pre-sales, marketing, accounting, and legal teams to work together on a single copy of the sales proposal.

And with this superpower, you can precisely know their feedback/review comment, and contribution to the proposal, and incorporate changes to one single-online version of the proposal.

3. It Provides a Sales Intelligence

When you send sales proposals as an attachment via email, you can’t really know whether a client has opened a proposal or not. And just to get no response, you keep throwing darts in the dark and by that, we mean you keep sending too many follow-up emails.

Proposal software provides precise intelligence to help you, track how the client is interacting with your proposal. You will know exactly when your client has opened the proposal or which section s/he has spent more time on. These intelligent inputs will put your sales team in a lot better position to communicate with the client.

4. Get the Quick Acceptance with Online Signature

Signing a contract can be time-consuming and it also requires a lot of paper archives. When you sign a contract online and make your clients do the same will definitely save a lot of your time and money. They are easier, quicker, and more secure.    

With digital signatures, your prospect can sign the contracts online using mobile, tablets, or similar devices. This helps you get rid of emailing, printing, scanning, shipping, or faxing the proposals to each stakeholder. Proposal software allows you to get the contracts signed remotely by several participants and seal the deal faster.