How Proposal Management Software Is Boosting Business [INFOGRAPHIC]
It’s no secret that the cloud computing industry is growing. With the rise of Software as a Service (SaaS) solutions, more and more companies are moving their data and the tools they use online to help facilitate business.
Proposal Management Software is no exception. Often available as a web-based cloud service, proposal management software helps sales, marketing, and legal teams find key information, utilize a standard set of pre-built proposals with rich media & videos which cover the most common selling scenarios, negotiate on specific terms & conditions, and capture a legally binding e-signature.
Sending a paper, or PDF proposal is quickly becoming a thing of the past. As more and more companies realize the issues associated with effective sales contracting, and calculate the cost benefits of automating the proposal process, traditional means of submitting proposals are being replaced.
Studies tell us 90% of sales proposals fail to secure clients because of the inability of the proposals to generate appropriately targeted content.
According to one estimate, a 10% increase in accessibility to data would results in huge increase in business generating some $65.67 billion in net income per year.
Web-based Proposal Management Software has been in use for less than a decade, but it is already commonly used in a variety of industries. According to data revealed by Gartner, proposal generation and sales content management will take less than two years to achieve mainstream adoption.
Additional findings are displayed in the infographic below: