# Best RFP Software - Page 91 *By [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)* Request for proposal (RFP) software, sometimes referred to as request for quotation (RFQ) software, helps companies create and manage RFP documents, as well as the processes used for vendors to respond to proposals or questionnaires outlining their products or services, pricing, and other relevant information. Companies use RFP software to streamline the creation of RFP documents, track submissions, and analyze the efficiency of their RFP activities. This type of software is used by buyers or procurement professionals to invite bidders to participate in RFPs and compare them to determine the best proposal. In addition, vendors, as well as sales and marketing teams, use this type of strategic response management software to submit RFP responses, track the results of their submissions, collaborate with other stakeholders, and maintain a content library. RFP software usually includes features for proposal management and integrates with other products such as [purchasing software](https://www.g2.com/categories/purchasing), [strategic sourcing software](https://www.g2.com/categories/strategic-sourcing), and [proposal software](https://www.g2.com/categories/proposal). To qualify for inclusion in the Request for Proposal (RFP) category, a product must: - Provide standard templates to create RFP documents - Generate quotes and proposals based on RFP documents - Provide a repository of documents and templates which can be used to quickly generate request for proposals - Integrate with solutions like CRM and CPQ to pull product and customer data - Offer functionality to quickly and efficiently create, share, and send request for proposals, allow edits and feedback during the proposal process, and track changes made - Include analytics to evaluate the efficiency of the proposal process - Compare RFP responses based on custom selection criteria - Maintain a history and audit trail of submissions, responses, and supplier details, which can be used to create new RFP documents ## Best RFP Software At A Glance - **Leader:** [Responsive, formerly RFPIO](https://www.g2.com/products/responsive-formerly-rfpio/reviews) - **Highest Performer:** [Inventive.AI](https://www.g2.com/products/inventive-ai/reviews) - **Easiest to Use:** [Inventive.AI](https://www.g2.com/products/inventive-ai/reviews) - **Top Trending:** [Iris](https://www.g2.com/products/heyiris-ai-iris/reviews) - **Best Free Software:** [Tribble](https://www.g2.com/products/tribble/reviews) --- **Sponsored** ### Inventive.AI Inventive AI is the fastest growing AI-native response automation platform for RFPs, RFI, Due Diligence Questionnaires (DDQ), security questionnaires (VSQs). Our clients see \> 70% efficiency in response workflows and up to 50% higher win rates. THE INVENTIVE DIFFERENCE We have built industry-leading AI Agents for 3 of the biggest problems for the sales teams: 1. AI Conflict Manager (proprietary) to tackle conflicting sources Inventive is the first and only platform to have built proprietary LLM technology to detect conflicting information between your sources, so only the most accurate data makes it to the 2. AI Context Engine (proprietary) to get highly contextual responses Our Agents take extensive context into account while responding to the questions ranging from the floated documents, meeting notes, relevant web information, and more 3. AI Agents for strategic advantage Inventive has multiple agents that help with researching your competitors as well as customers. You can also brainstorm creative ideas and do general web research on the platform. 4. New age knowledge management to reduce the pain of maintaining legacy QnA library Inventive integrates with your data tools (Sharepoint, gDrive, Confluence, Notion, etc.), which reduces dependency on SMEs to maintain legacy QnA . We also offer an approach to get rid of legacy QnA library completely for fast moving teams. 5. Answer excel questionnaires and create narrative-style proposals You can create responses to excel sheets as well as generate narrative style documents within Inventive. 6. Always ahead The founding team comes from Google AI, Stanford & UC Bekerley, and the team members are pioneers of several LLM and agentic platforms. We are always ahead of the game in terms of fast moving AI-technology. Request a demo at inventive.ai/demo [Visit company website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1580&secure%5Bdisplayable_resource_id%5D=1580&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1580&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=1370637&secure%5Bresource_id%5D=1580&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Frfp%3Fpage%3D91&secure%5Btoken%5D=feadc44ee18bda507d930639e0ae372ee5d43ba2051951edaa8d2db14299bfd0&secure%5Burl%5D=https%3A%2F%2Fwww.inventive.ai%2F%3Futm_source%3Dg2%26utm_medium%3Dclicks%26utm_campaign%3Dads&secure%5Burl_type%5D=custom_url) --- ## Parent Category [Procurement Software](https://www.g2.com/categories/procurement) ## Related Categories - [Purchasing Software](https://www.g2.com/categories/purchasing-software) - [Proposal Software](https://www.g2.com/categories/proposal) - [Strategic Sourcing Software](https://www.g2.com/categories/strategic-sourcing) - [Supplier Relationship Management (SRM) Software](https://www.g2.com/categories/supplier-relationship-management-srm) - [Spend Management Software](https://www.g2.com/categories/spend-management) - [Procure to Pay Software](https://www.g2.com/categories/procure-to-pay) - [Accounts Payable (AP) & Spend Analysis Software](https://www.g2.com/categories/accounts-payable-ap-and-spend-analysis) - [Vendor Security and Privacy Assessment Software](https://www.g2.com/categories/vendor-security-and-privacy-assessment)