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Customer Not Paying You On Time -Trackpayout
At Trackpayout, we are on a mission to address the issue of "delayed or late payments" from customers by streamlining the payment follow-up and collection process. Our solutions include
Advance Payment Reminders: Send automatic payment reminders to your clients in advance, preventing issues like "GRN not done" or "Invoice not received
Email and WhatsApp Reminders: Utilize email and WhatsApp reminders to prompt timely payments.
Customer Payment Insights: Easily identify your reliable payers and those with late payment tendencies.
Credit Hold Capability: Exercise the option to place holds on credit.
Early Payment Facilitation: We assist you in securing early payments.
Debt Recovery: Recover outstanding dues and bad debts.
ERP/Tally/SAP/Zoho/QuickBooks Integration: Seamlessly integrate with your existing software systems.
1 minute video link : https://www.youtube.com/watch?v=ePzZtjvkEuc&t=2s
For More Information Visit: https://trackpayout.com/
YouTube Link: https://bit.ly/3iFfGbO
Contact Us: 9175288052
#contract reminder software#warranty reminder software#rfp software#payment reminder software#TrackPayOut#contisoft#contisofttechnologies#automatic#paymentreminders#paymentmanagement#paymentreceivablesoftware#ontimepayment#securepayement#paymentstatus#paymentcollectionsoftware#managecollections#manufacturing#financecntroller#manufacturingengeering#cfo#autoreminder#paymentreceivable#paidfaster#financialrecord#fasterpayment#paymentcollection#accountreceivablesoftware#pune#financemanager#MSME
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rfp software
It is no longer challenging to run a large enterprise. Business requires the ideal cloud-based solutions and proper management of business proposals. EffiGo’s rfp software is the best technology provider that overcomes the procurement hurdles. EffiGO is a software platform that responds to track proposals and improves business operations. Check the EffiGo website https://www.effigoglobal.com/ and contact them.
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How to Add Chrome Extensions
Chrome extensions are small software programs that enhance the functionality of the Google Chrome browser. They offer a range of features, from improving productivity to customizing your browsing experience. Here’s a straightforward guide on how to add Chrome extensions to your browser.
Accessing the Chrome Web Store
To add a Chrome extension, start by visiting the Chrome Web Store. Open your Chrome browser and navigate to the store by typing “Chrome Web Store” into the search bar or directly visiting [chrome.google.com/webstore](https://chrome.google.com/webstore). The Chrome Web Store is the central hub where you can browse and search for a wide variety of extensions. You can find extensions by category or use the search bar to look for specific ones, such as a Chrome bookmarking extension to help you manage and organize your bookmarks more effectively.
Installing the Extension
Once you find an extension you want to add, click on it to open its details page. Here, you can read a description of the extension, see user reviews and check permissions. To install the extension, click the “Add to Chrome” button. A pop-up window will appear, detailing the permissions required by the extension. Review these permissions to ensure you’re comfortable with them. If you agree, click “Add extension” to complete the installation. The extension will then be added to your browser, and its icon will appear in the top-right corner of your Chrome window.
Managing Your Extensions
After adding a Chrome bookmarking extension or any other extension, you can manage it by clicking the three vertical dots in the top-right corner of Chrome, selecting “More tools,” and then “Extensions.” Here, you can enable or disable extensions, remove them or adjust their settings.
In conclusion, adding Chrome extensions is a simple process that can greatly enhance your browsing experience. By accessing the Chrome Web Store, installing the desired extensions and managing them through Chrome’s settings, you can customize your browser to better meet your needs.
Organize smarter—visit this site and try the AI bookmark manager now!
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#blog post#rfp#rfi#rfq#what is difference between rfi#rfp and rfq#partner portal#supply chain#vendor management system#procure to pay software
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#RFP Software Market Size#RFP Software Market Scope#RFP Software Market Trend#RFP Software Market Growth
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Ganesh Shankar, CEO & Co-Founder of Responsive – Interview Series
New Post has been published on https://thedigitalinsider.com/ganesh-shankar-ceo-co-founder-of-responsive-interview-series/
Ganesh Shankar, CEO & Co-Founder of Responsive – Interview Series
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Ganesh Shankar, CEO and Co-Founder of Responsive, is an experienced product manager with a background in leading product development and software implementations for Fortune 500 enterprises. During his time in product management, he observed inefficiencies in the Request for Proposal (RFP) process—formal documents organizations use to solicit bids from vendors, often requiring extensive, detailed responses. Managing RFPs traditionally involves multiple stakeholders and repetitive tasks, making the process time-consuming and complex.
Founded in 2015 as RFPIO, Responsive was created to streamline RFP management through more efficient software solutions. The company introduced an automated approach to enhance collaboration, reduce manual effort, and improve efficiency. Over time, its technology expanded to support other complex information requests, including Requests for Information (RFIs), Due Diligence Questionnaires (DDQs), and security questionnaires.
Today, as Responsive, the company provides solutions for strategic response management, helping organizations accelerate growth, mitigate risk, and optimize their proposal and information request processes.
What inspired you to start Responsive, and how did you identify the gap in the market for response management software?
My co-founders and I founded Responsive in 2015 after facing our own struggles with the RFP response process at the software company we were working for at the time. Although not central to our job functions, we dedicated considerable time assisting the sales team with requests for proposals (RFPs), often feeling underappreciated despite our vital role in securing deals. Frustrated with the lack of technology to make the RFP process more efficient, we decided to build a better solution. Fast forward nine years, and we’ve grown to nearly 500 employees, serve over 2,000 customers—including 25 Fortune 100 companies—and support nearly 400,000 users worldwide.
How did your background in product management and your previous roles influence the creation of Responsive?
As a product manager, I was constantly pulled by the Sales team into the RFP response process, spending almost a third of my time supporting sales instead of focusing on my core product management responsibilities. My two co-founders experienced a similar issue in their technology and implementation roles. We recognized this was a widespread problem with no existing technology solution, so we leveraged our almost 50 years of combined experience to create Responsive. We saw an opportunity to fundamentally transform how organizations share information, starting with managing and responding to complex proposal requests.
Responsive has evolved significantly since its founding in 2015. How do you maintain the balance between staying true to your original vision and adapting to market changes?
First, we’re meticulous about finding and nurturing talent that embodies our passion – essentially cloning our founding spirit across the organization. As we’ve scaled, it’s become critical to hire managers and team members who can authentically represent our core cultural values and commitment.
At the same time, we remain laser-focused on customer feedback. We document every piece of input, regardless of its size, recognizing that these insights create patterns that help us navigate product development, market positioning, and any uncertainty in the industry. Our approach isn’t about acting on every suggestion, but creating a comprehensive understanding of emerging trends across a variety of sources.
We also push ourselves to think beyond our immediate industry and to stay curious about adjacent spaces. Whether in healthcare, technology, or other sectors, we continually find inspiration for innovation. This outside-in perspective allows us to continually raise the bar, inspiring ideas from unexpected places and keeping our product dynamic and forward-thinking.
What metrics or success indicators are most important to you when evaluating the platform’s impact on customers?
When evaluating Responsive’s impact, our primary metric is how we drive customer revenue. We focus on two key success indicators: top-line revenue generation and operational efficiency. On the efficiency front, we aim to significantly reduce RFP response time – for many, we reduce it by 40%. This efficiency enables our customers to pursue more opportunities, ultimately accelerating their revenue generation potential.
How does Responsive leverage AI and machine learning to provide a competitive edge in the response management software market?
We leverage AI and machine learning to streamline response management in three key ways. First, our generative AI creates comprehensive proposal drafts in minutes, saving time and effort. Second, our Ask solution provides instant access to vetted organizational knowledge, enabling faster, more accurate responses. Third, our Profile Center helps InfoSec teams quickly find and manage security content.
With over $600 billion in proposals managed through the Responsive platform and four million Q&A pairs processed, our AI delivers intelligent recommendations and deep insights into response patterns. By automating complex tasks while keeping humans in control, we help organizations grow revenue, reduce risk, and respond more efficiently.
What differentiates Responsive’s platform from other solutions in the industry, particularly in terms of AI capabilities and integrations?
Since 2015, AI has been at the core of Responsive, powering a platform trusted by over 2,000 global customers. Our solution supports a wide range of RFx use cases, enabling seamless collaboration, workflow automation, content management, and project management across teams and stakeholders.
With key AI capabilities—like smart recommendations, an AI assistant, grammar checks, language translation, and built-in prompts—teams can deliver high-quality RFPs quickly and accurately.
Responsive also offers unmatched native integrations with leading apps, including CRM, cloud storage, productivity tools, and sales enablement. Our customer value programs include APMP-certified consultants, Responsive Academy courses, and a vibrant community of 1,500+ customers sharing insights and best practices.
Can you share insights into the development process behind Responsive’s core features, such as the AI recommendation engine and automated RFP responses?
Responsive AI is built on the foundation of accurate, up-to-date content, which is critical to the effectiveness of our AI recommendation engine and automated RFP responses. AI alone cannot resolve conflicting or incomplete data, so we’ve prioritized tools like hierarchical tags and robust content management to help users organize and maintain their information. By combining generative AI with this reliable data, our platform empowers teams to generate fast, high-quality responses while preserving credibility. AI serves as an assistive tool, with human oversight ensuring accuracy and authenticity, while features like the Ask product enable seamless access to trusted knowledge for tackling complex projects.
How have advancements in cloud computing and digitization influenced the way organizations approach RFPs and strategic response management?
Advancements in cloud computing have enabled greater efficiency, collaboration, and scalability. Cloud-based platforms allow teams to centralize content, streamline workflows, and collaborate in real time, regardless of location. This ensures faster turnaround times and more accurate, consistent responses.
Digitization has also enhanced how organizations manage and access their data, making it easier to leverage AI-powered tools like recommendation engines and automated responses. With these advancements, companies can focus more on strategy and personalization, responding to RFPs with greater speed and precision while driving better outcomes.
Responsive has been instrumental in helping companies like Microsoft and GEODIS streamline their RFP processes. Can you share a specific success story that highlights the impact of your platform?
Responsive has played a key role in supporting Microsoft’s sales staff by managing and curating 20,000 pieces of proposal content through its Proposal Resource Library, powered by Responsive AI. This technology enabled Microsoft’s proposal team to contribute $10.4 billion in revenue last fiscal year. Additionally, by implementing Responsive, Microsoft saved its sellers 93,000 hours—equivalent to over $17 million—that could be redirected toward fostering stronger customer relationships.
As another example of Responsive providing measurable impact, our customer Netsmart significantly improved their response time and efficiency by implementing Responsive’s AI capabilities. They achieved a 10X faster response time, increased proposal submissions by 67%, and saw a 540% growth in user adoption. Key features such as AI Assistant, Requirements Analysis, and Auto Respond played crucial roles in these improvements. The integration with Salesforce and the establishment of a centralized Content Library further streamlined their processes, resulting in a 93% go-forward rate for RFPs and a 43% reduction in outdated content. Overall, Netsmart’s use of Responsive’s AI-driven platform led to substantial time savings, enhanced content accuracy, and increased productivity across their proposal management operations.
JAGGAER, another Responsive customer, achieved a double-digit win-rate increase and 15X ROI by using Responsive’s AI for content moderation, response creation, and Requirements Analysis, which improved decision-making and efficiency. User adoption tripled, and the platform streamlined collaboration and content management across multiple teams.
Where do you see the response management industry heading in the next five years, and how is Responsive positioned to lead in this space?
In the next five years, I see the response management industry being transformed by AI agents, with a focus on keeping humans in the loop. While we anticipate around 80 million jobs being replaced, we’ll simultaneously see 180 million new jobs created—a net positive for our industry.
Responsive is uniquely positioned to lead this transformation. We’ve processed over $600 billion in proposals and built a database of almost 4 million Q&A pairs. Our massive dataset allows us to understand complex patterns and develop AI solutions that go beyond simple automation.
Our approach is to embrace AI’s potential, finding opportunities for positive outcomes rather than fearing disruption. Companies with robust market intelligence, comprehensive data, and proven usage will emerge as leaders, and Responsive is at the forefront of that wave. The key is not just implementing AI, but doing so strategically with rich, contextual data that enables meaningful insights and efficiency.
Thank you for the great interview, readers who wish to learn more should visit Responsive,
#000#adoption#agents#ai#AI AGENTS#ai assistant#AI-powered#amp#Analysis#approach#apps#automation#background#billion#CEO#Cloud#cloud computing#cloud storage#collaborate#Collaboration#Community#Companies#comprehensive#computing#content#content management#content moderation#courses#crm#customer relationships
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Get comprehensive reviews, robust insights, and expert guidance from software coverage who will help you choose the right software solutions and SaaS products for your business. Our unbiased platform compares vendors, creates detailed RFPs/RFIs, shortlists options based on your criteria, and provides transparent recommendations from experienced advisors. Trust us to simplify your search and make well-informed software decisions.
#it solutions consulting#it solutions provider#it solutions business#software solutions company#software solutions architect#what is software solutions#software solutions provider#software solutions services
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QUINN CLOTHING BRANDS
ALLENTOWN, PENNSYLVANIA
FOUNDED: 1981
AVAILABLE POSITION: CHIEF COUNSEL
Quinn Clothing Brands distributes Quinns products in the U.S. Founded in 1981, Quinn Clothing Brands is a leading global online retailer with operations in Bangladesh and Allentown, Pennsylvania, along with other key markets. Quinn Clothing Brands reaches consumers across more than 150 countries and regions around the world. We place a premium on choice, delivering more than 6,000 new fashion, beauty, and lifestyle products daily with more than 600,000 items available. Our mission is to help people express their individuality through the latest trends that are accessible and affordable.
This Counsel position directly reports to the US General Counsel. We are seeking a corporate generalist to handle a variety of commercial and employment matters.
RESPONSIBILITIES
Review, structure, draft and negotiate commercial agreements in a broad range of transactional disciplines, including marketing and service agreements, publishing agreements, production agreements, co founding agreements, NDAs, and license agreements.
[…] legal reports and […], and effectively present information to senior management.
[…] internal and external […], and perform legal research and […], to determine whether company […] comply with company policies, […] including with […]
[…] Department and outside counsel on a variety of labor and employment issues.
Manage and collaborate with top tier outside law firms.
service contracts, concession agreements, leases
group sales and catering agreements
master procurement agreements
data privacy and security, including data breach management
IT and software agreements
administrative licensing
development of standard forms, policies, and procedures
employee relations matters, including EEOC matters and union negotiations
employee benefits matters
guest issues
premises liability
crisis management
trademarks and service marks
tax advice and representation
REQUIREMENTS
Minimum of 6-8 years of corporate transactional law experience. In-house experience preferred.
Self-starter, entrepreneurial, “roll up your sleeves” attitude.
Exceptional legal drafting, research and analytical skills.
Pennsylvania bar admission and good standing with the state bar.
Experience with labor and employment counseling a major plus.
Experience with marketing and sweepstakes laws.
[GRAY DUCK] CHOCOLATE COMPANY
[ROCHESTER], MINNESOTA
[FOUNDED: ?]
AVAILABLE POSITION: DIRECTOR OF OPERATIONS
Rochester, Minnesota on the Zumbro River’s south fork
Gray Duck Chocolate Company [Headquarters in] Rochester, Minnesota
[…]
[GRAY DUCK] CHOCOLATE COMPANY
[ROCHESTER], MINNESOTA
[FOUNDED: ?]
AVAILABLE POSITION: DIRECTOR OF OPERATIONS
[…] company is trusted by […] customers, Gray Duck […] of more than […] revenues over $220 […] this trajectory […] momentum and is […] growth in […] acquisition. […] leadership […] before, having […] of over $3 […] vision, strong […] Gray […] assembled a […] culture with […].
[…] Chief Legal […] the Director of […]
[RESPONSIBILITIES]
[…]
[…]
Technology Strategy: Have end-to-end responsibility for the legal team’s technology strategy, from the RFP stage through implementation and maintenance, with the legal and compliance, finance and accounting, and IT teams as your key internal clients and partners. Identify and implement legal department tools to streamline new or existing practices, manage design, rollout, and training for new systems, and generally oversee the legal department’s technology strategy (including the selection, implementation, administration, and support of all technology resources related to matter and document management, content and knowledge management, e-billing management, contract management and related legal operations systems).
Outside Counsel Management: Develop and lead a process for positive and efficient outside counsel relationships. Identify and select firms (in partnership with attorneys) pricing negotiations, ongoing fee management, Diversity, Equity & Inclusion assessments, and […].
Communication & Professional Development: Coordinate the communication and professional development program for the legal department […]
Professional Management: […]
[…]
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[ad_1] Ganesh Shankar, CEO and Co-Founder of Responsive, is an experienced product manager with a background in leading product development and software implementations for Fortune 500 enterprises. During his time in product management, he observed inefficiencies in the Request for Proposal (RFP) process—formal documents organizations use to solicit bids from vendors, often requiring extensive, detailed responses. Managing RFPs traditionally involves multiple stakeholders and repetitive tasks, making the process time-consuming and complex.Founded in 2015 as RFPIO, Responsive was created to streamline RFP management through more efficient software solutions. The company introduced an automated approach to enhance collaboration, reduce manual effort, and improve efficiency. Over time, its technology expanded to support other complex information requests, including Requests for Information (RFIs), Due Diligence Questionnaires (DDQs), and security questionnaires.Today, as Responsive, the company provides solutions for strategic response management, helping organizations accelerate growth, mitigate risk, and optimize their proposal and information request processes.What inspired you to start Responsive, and how did you identify the gap in the market for response management software? My co-founders and I founded Responsive in 2015 after facing our own struggles with the RFP response process at the software company we were working for at the time. Although not central to our job functions, we dedicated considerable time assisting the sales team with requests for proposals (RFPs), often feeling underappreciated despite our vital role in securing deals. Frustrated with the lack of technology to make the RFP process more efficient, we decided to build a better solution. Fast forward nine years, and we've grown to nearly 500 employees, serve over 2,000 customers—including 25 Fortune 100 companies—and support nearly 400,000 users worldwide.How did your background in product management and your previous roles influence the creation of Responsive?As a product manager, I was constantly pulled by the Sales team into the RFP response process, spending almost a third of my time supporting sales instead of focusing on my core product management responsibilities. My two co-founders experienced a similar issue in their technology and implementation roles. We recognized this was a widespread problem with no existing technology solution, so we leveraged our almost 50 years of combined experience to create Responsive. We saw an opportunity to fundamentally transform how organizations share information, starting with managing and responding to complex proposal requests.Responsive has evolved significantly since its founding in 2015. How do you maintain the balance between staying true to your original vision and adapting to market changes?First, we're meticulous about finding and nurturing talent that embodies our passion – essentially cloning our founding spirit across the organization. As we've scaled, it's become critical to hire managers and team members who can authentically represent our core cultural values and commitment.At the same time, we remain laser-focused on customer feedback. We document every piece of input, regardless of its size, recognizing that these insights create patterns that help us navigate product development, market positioning, and any uncertainty in the industry. Our approach isn't about acting on every suggestion, but creating a comprehensive understanding of emerging trends across a variety of sources.We also push ourselves to think beyond our immediate industry and to stay curious about adjacent spaces. Whether in healthcare, technology, or other sectors, we continually find inspiration for innovation. This outside-in perspective allows us to continually raise the bar, inspiring ideas from unexpected places and keeping our product dynamic and forward-thinking.What metrics or success indicators are most important to you when evaluating the platform's impact on customers? When evaluating Responsive's impact, our primary metric is how we drive customer revenue. We focus on two key success indicators: top-line revenue generation and operational efficiency. On the efficiency front, we aim to significantly reduce RFP response time – for many, we reduce it by 40%. This efficiency enables our customers to pursue more opportunities, ultimately accelerating their revenue generation potential.How does Responsive leverage AI and machine learning to provide a competitive edge in the response management software market?We leverage AI and machine learning to streamline response management in three key ways. First, our generative AI creates comprehensive proposal drafts in minutes, saving time and effort. Second, our Ask solution provides instant access to vetted organizational knowledge, enabling faster, more accurate responses. Third, our Profile Center helps InfoSec teams quickly find and manage security content.With over $600 billion in proposals managed through the Responsive platform and four million Q&A pairs processed, our AI delivers intelligent recommendations and deep insights into response patterns. By automating complex tasks while keeping humans in control, we help organizations grow revenue, reduce risk, and respond more efficiently.What differentiates Responsive’s platform from other solutions in the industry, particularly in terms of AI capabilities and integrations?Since 2015, AI has been at the core of Responsive, powering a platform trusted by over 2,000 global customers. Our solution supports a wide range of RFx use cases, enabling seamless collaboration, workflow automation, content management, and project management across teams and stakeholders.With key AI capabilities—like smart recommendations, an AI assistant, grammar checks, language translation, and built-in prompts—teams can deliver high-quality RFPs quickly and accurately.Responsive also offers unmatched native integrations with leading apps, including CRM, cloud storage, productivity tools, and sales enablement. Our customer value programs include APMP-certified consultants, Responsive Academy courses, and a vibrant community of 1,500+ customers sharing insights and best practices.Can you share insights into the development process behind Responsive’s core features, such as the AI recommendation engine and automated RFP responses?Responsive AI is built on the foundation of accurate, up-to-date content, which is critical to the effectiveness of our AI recommendation engine and automated RFP responses. AI alone cannot resolve conflicting or incomplete data, so we’ve prioritized tools like hierarchical tags and robust content management to help users organize and maintain their information. By combining generative AI with this reliable data, our platform empowers teams to generate fast, high-quality responses while preserving credibility. AI serves as an assistive tool, with human oversight ensuring accuracy and authenticity, while features like the Ask product enable seamless access to trusted knowledge for tackling complex projects.How have advancements in cloud computing and digitization influenced the way organizations approach RFPs and strategic response management?Advancements in cloud computing have enabled greater efficiency, collaboration, and scalability. Cloud-based platforms allow teams to centralize content, streamline workflows, and collaborate in real time, regardless of location. This ensures faster turnaround times and more accurate, consistent responses.Digitization has also enhanced how organizations manage and access their data, making it easier to leverage AI-powered tools like recommendation engines and automated responses. With these advancements, companies can focus more on strategy and personalization, responding to RFPs with greater speed and precision while driving better outcomes.Responsive has been instrumental in helping companies like Microsoft and GEODIS streamline their RFP processes. Can you share a specific success story that highlights the impact of your platform?Responsive has played a key role in supporting Microsoft’s sales staff by managing and curating 20,000 pieces of proposal content through its Proposal Resource Library, powered by Responsive AI. This technology enabled Microsoft’s proposal team to contribute $10.4 billion in revenue last fiscal year. Additionally, by implementing Responsive, Microsoft saved its sellers 93,000 hours—equivalent to over $17 million—that could be redirected toward fostering stronger customer relationships.As another example of Responsive providing measurable impact, our customer Netsmart significantly improved their response time and efficiency by implementing Responsive's AI capabilities. They achieved a 10X faster response time, increased proposal submissions by 67%, and saw a 540% growth in user adoption. Key features such as AI Assistant, Requirements Analysis, and Auto Respond played crucial roles in these improvements. The integration with Salesforce and the establishment of a centralized Content Library further streamlined their processes, resulting in a 93% go-forward rate for RFPs and a 43% reduction in outdated content. Overall, Netsmart's use of Responsive's AI-driven platform led to substantial time savings, enhanced content accuracy, and increased productivity across their proposal management operations.JAGGAER, another Responsive customer, achieved a double-digit win-rate increase and 15X ROI by using Responsive's AI for content moderation, response creation, and Requirements Analysis, which improved decision-making and efficiency. User adoption tripled, and the platform streamlined collaboration and content management across multiple teams.Where do you see the response management industry heading in the next five years, and how is Responsive positioned to lead in this space?In the next five years, I see the response management industry being transformed by AI agents, with a focus on keeping humans in the loop. While we anticipate around 80 million jobs being replaced, we'll simultaneously see 180 million new jobs created—a net positive for our industry.Responsive is uniquely positioned to lead this transformation. We've processed over $600 billion in proposals and built a database of almost 4 million Q&A pairs. Our massive dataset allows us to understand complex patterns and develop AI solutions that go beyond simple automation.Our approach is to embrace AI's potential, finding opportunities for positive outcomes rather than fearing disruption. Companies with robust market intelligence, comprehensive data, and proven usage will emerge as leaders, and Responsive is at the forefront of that wave. The key is not just implementing AI, but doing so strategically with rich, contextual data that enables meaningful insights and efficiency.Thank you for the great interview, readers who wish to learn more should visit Responsive, [ad_2] Source link
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Tired of consolidating to many suppliers proposal manually, Then check out this RFP Software.
#RFP software#Bidding software#Automate your rfp process#rfq software#rfp/rfq comparison software#contisoft technologies tendering Software online software for RFP/RFQ
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RFP Software
Any individual searching for RFP software can visit the Effigo platform. Here we provide RFP software for customers, a computer program that manages the proposals. The vendor can use this Software to respond to the track proposals. Even our company offers benefits such as automated evaluations, results, and reports. It can even broaden the supplier network and many more. For more information about Effigo, visit https://effigo.in/
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Ganesh Shankar, CEO & Co-Founder of Responsive - Interview Series
Ganesh Shankar, CEO and Co-Founder of Responsive, is an experienced product manager with a background in leading product development and software implementations for Fortune 500 enterprises. During his time in product management, he observed inefficiencies in the Request for Proposal (RFP) process—formal documents organizations use to solicit bids from vendors, often requiring extensive, detailed…
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How Technology Is Transforming the Modern Procurement Process
In today’s fast-paced business world, procurement plays a pivotal role in the success of any organization. As companies strive for efficiency, cost savings, and smarter decision-making, the procurement process has undergone a major transformation. At the heart of this change is technology, revolutionizing the way businesses approach sourcing, supplier management, and procurement workflows. In this blog, we’ll explore how technology is reshaping the modern procurement process and the key benefits it brings.
The Shift to Digital Procurement
Gone are the days of manual procurement processes, where paperwork, phone calls, and spreadsheets dominated. Digital procurement systems are now the backbone of modern procurement strategies. These platforms automate tasks such as order creation, invoicing, and purchase approvals, allowing organizations to eliminate human error and save time.
Cloud-based procurement software solutions have enabled businesses to access data in real time from anywhere in the world. This ensures transparency, reduces delays, and enhances collaboration across departments. Cloud technology has also made it easier to scale procurement operations as businesses grow, without the need for significant infrastructure investments.
Artificial Intelligence and Machine Learning
Artificial Intelligence (AI) and Machine Learning (ML) are game-changers in the procurement process. By analyzing vast amounts of data, AI-powered tools can provide valuable insights, predict supplier performance, and optimize purchasing decisions. Machine learning algorithms can learn from past transactions and supplier behaviors, improving procurement strategies over time.
One of the most impactful applications of AI in procurement is in demand forecasting. With AI, businesses can predict the quantities of goods they’ll need based on historical data and market trends. This minimizes the risk of overstocking or stockouts, leading to cost savings and improved supply chain management.
Blockchain for Transparency and Security
Blockchain technology is making waves in procurement, particularly in ensuring the security and transparency of transactions. By recording all procurement activities in a decentralized, immutable ledger, blockchain provides a high level of traceability and accountability. This is especially important when working with global suppliers and managing complex supply chains.
Blockchain can verify the authenticity of goods, track the journey of products from source to destination, and reduce the risk of fraud. For industries such as pharmaceuticals, food, and luxury goods, where product provenance is crucial, blockchain technology offers an added layer of trust and reliability.
E-Sourcing and E-Procurement Tools
E-sourcing and e-procurement tools have simplified and accelerated supplier selection, negotiation, and contract management. These platforms allow businesses to automate their sourcing processes, from issuing Requests for Proposals (RFPs) to managing supplier bids and contracts. By utilizing these tools, procurement teams can streamline their workflows, cut down on manual tasks, and make more informed decisions.
E-sourcing tools also enable businesses to tap into a wider pool of suppliers globally, increasing competition and driving down costs. Moreover, the ability to analyze supplier performance data helps organizations choose the best partners, ensuring long-term business success.
Robotics Process Automation (RPA) in Procurement
Robotic Process Automation (RPA) is another technology revolutionizing procurement operations. By automating repetitive and time-consuming tasks such as invoice processing, data entry, and purchase order management, RPA allows procurement teams to focus on strategic activities.
With RPA, procurement processes become faster and more accurate. Automated workflows also improve compliance by reducing the risk of human error, ensuring that all procurement activities adhere to company policies and regulatory standards.
Benefits of Technology in Procurement
The integration of technology into procurement processes brings a multitude of benefits, including:
Cost Savings: Automation reduces administrative overhead and operational costs by eliminating manual processes.
Efficiency: Procurement tasks that once took days can now be completed in minutes, resulting in faster decision-making.
Improved Supplier Relationships: With advanced data analytics, businesses can develop stronger, data-driven partnerships with their suppliers.
Better Decision-Making: Technology empowers procurement teams with the insights needed to make informed, strategic purchasing decisions.
Scalability: Technology enables businesses to scale their procurement operations without significant investments in additional resources.
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Conclusion
Technology has undeniably transformed the modern procurement process, offering significant advantages in efficiency, cost savings, and strategic decision-making. As businesses continue to embrace digital tools like AI, blockchain, and RPA, the procurement function will only become more advanced, agile, and effective in meeting the demands of the digital age. By leveraging these innovations, companies can stay ahead of the competition and streamline their supply chain management for a more successful future.
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Proposal Management Software Market Landscape: Mapping the Competitive Terrain and Market Share
The recently released Fortune Business Insights research on the Global Proposal Management Software Market survey report provides facts and statistics regarding market structure and size. Global Proposal Management Software Market Size 2025 Research report presents an in-depth analysis of the Global Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. The research’s goal is to provide market data and strategic insights to help decision-makers make educated investment decisions while also identifying potential gaps and development possibilities.
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Companies Profiled in the Global Proposal Management Software Market:
QorusDocs Ltd. (U.S.)
Xait (Norway)
Conga Inc. (U.S.)
Icertis Solutions Pvt. Ltd. (U.S.)
Deltek Inc. (U.S.)
GetAccept Inc. (U.S.)
Sofon B.V. (Netherlands)
Nusii Proposal S.L. (Spain)
PandaDoc Inc. (Poland)
Salesforce, Inc. (U.S.)
Surging Investments in Tech and Automation to Improve Proposal Quality to Drive Market Growth
An increase in Request for Proposals (RFP) competition is expected to boost the demand for personalized content proposals in the coming years. Surging investments in tech and automation to improve activities and proposal quality are propelling the proposal management software market growth. The increasing need for proposal management software among businesses to customize proposals is driving market expansion. Companies are concentrating on automation and increasing their workforce to pave the way for success.
However, market growth is restrained by difficulties in integrating AI for users of proposal management software.
What exactly is included in the Report?
– Industry Trends and Developments: In this section, the authors of the research discuss the significant trends and developments that are occurring in the Proposal Management Software Market place, as well as their expected impact on the overall growth.
– Analysis of the industry’s size and forecast: The industry analysts have provided information on the size of the industry from both a value and volume standpoint, including historical, present and projected figures.
– Future Prospects: In this portion of the study market participants are presented with information about the prospects that the Proposal Management Software Market is likely to supply them with.
– The Competitive Landscape: This section of the study sheds light on the competitive landscape of the Proposal Management Software Market by examining the important strategies implemented by vendors to strengthen their position in the global market.
– Study on Industry Segmentation: This section of the study contains a detailed overview of the important Proposal Management Software Market segments, which include product type, application, and vertical, among others.
– In-Depth Regional Analysis: Vendors are provided with in-depth information about high-growth regions and their particular countries, allowing them to place their money in more profitable areas.
This Report Answers the Following Questions:
What are the Proposal Management Software Market growth drivers, hindrances, and dynamics?
Which companies would lead the market by generating the largest revenue?
How will the companies surge the processes adoption amid the COVID-19 pandemic?
Which region and segment would dominate the Proposal Management Software Market in the coming years?
Proposal Management Software Market Segments:
By Deployment
Cloud
On-premises
By Enterprise Type
Small and Mid-sized Enterprises (SMEs)
Large Enterprises
By Industry
BFSI
IT & Telecom
Retail and E-commerce
Healthcare
Education
Government
Manufacturing
Others (Media and Entertainment)
Table Of Content:
1. Introduction 1.1. Research Scope 1.2. Market Segmentation 1.3. Research Methodology 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities
4. Key Insights 4.1 Global Statistics — Key Countries 4.2 New Product Launches 4.3 Pipeline Analysis 4.4 Regulatory Scenario — Key Countries 4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
5. Global Proposal Management Software Market Analysis, Insights and Forecast 5.1. Key Findings/ Summary 5.2. Market Analysis — By Product Type 5.3. Market Analysis — By Distribution Channel 5.4. Market Analysis — By Countries/Sub-regions
……………
11. Competitive Analysis 11.1. Key Industry Developments 11.2. Global Market Share Analysis 11.3. Competition Dashboard 11.4. Comparative Analysis — Major Players
12. Company Profiles
12.1 Overview 12.2 Products & Services 12.3 SWOT Analysis 12.4 Recent developments 12.5 Major Investments 12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….
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The Role of Technology in Proposal Bidding
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As industries move towards digitization, proposal bidding is also experiencing a technological transformation. Digital tools and platforms have streamlined the process, making it more efficient, data-driven, and accessible to a wider range of participants.
One of the most significant benefits of technology in proposal bidding is the automation of repetitive tasks. Proposal management software can assist in creating templates, tracking progress, and ensuring compliance with RFP requirements. These tools enable teams to focus on strategic aspects, such as proposal crafting and client relationship-building, rather than administrative paperwork.
Data analytics enhance the bidding process by providing vital insights into pricing trends, competitor strategies, and market dynamics. By leveraging intelligence gathered from past bids, companies can fine-tune their proposals to align with client expectations and set competitive offers 東京都 プロポーザル.
Moreover, cloud-based platforms promote collaboration across distributed teams. With stakeholders often spread across different locations, these tools enable real-time communication and shared access to documents, fostering an environment that encourages innovation and cohesive team output.
Security is another critical consideration in digital bidding. Technologies such as encrypted communications and secure document storage ensure that sensitive information remains confidential. As data breaches become more sophisticated, bidders must invest in robust security measures to protect their interests and maintain client trust.
Finally, e-bidding platforms now facilitate online submission, evaluation, and award processes, reducing time delays and minimizing the environmental impact of paper-based submissions. This evolution encourages a greener, more sustainable approach to bidding.
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Streamlining Success with Comprehensive RFP Support Services
In today’s competitive financial landscape, responding to Request for Proposals (RFPs) is a critical part of securing new business and maintaining client trust. However, the RFP process can be time-consuming, complex, and resource-intensive. This is where expert RFP support services come into play, providing financial institutions with the tools and expertise they need to craft compelling responses efficiently and effectively.
Why RFP Support Matters
For asset managers and financial institutions, RFPs represent an opportunity to showcase their expertise, capabilities, and value propositions. A well-executed RFP response can make the difference between winning and losing a client. However, the process involves numerous challenges:
Managing tight deadlines and large volumes of information
Customizing responses to meet specific client requirements
Ensuring compliance with regulatory and organizational standards
By leveraging specialized RFP support, firms can overcome these challenges while saving time and focusing on their core activities.
The Benefits of Professional RFP Support Services
End-to-End Solutions: Comprehensive RFP support services cover every aspect of the process, from drafting and editing to final submission. This ensures consistency and professionalism throughout the response.
Automation and Efficiency: Tools like DDQ (Due Diligence Questionnaire) automation and Qvidian RFP alternatives streamline repetitive tasks, enabling teams to focus on strategic elements.
Customized Responses: Professional support ensures that each RFP is tailored to the client’s unique needs, increasing the chances of success.
Expertise on Demand: Outsourcing RFP support gives firms access to seasoned professionals with deep knowledge of asset management and financial services, ensuring high-quality responses.
How Acuity Knowledge Partners Enhances RFP Processes
Acuity Knowledge Partners offers industry-leading RFP support services designed specifically for financial institutions. Their team of experts provides end-to-end assistance, ensuring that every RFP is accurate, persuasive, and aligned with client expectations.
Key features of their services include:
Asset Management RFPs: Customized support for asset managers, addressing sector-specific challenges and requirements.
DDQ Automation: Simplifying the completion of Due Diligence Questionnaires, saving time and reducing errors.
Qvidian Alternatives: Providing cutting-edge tools that go beyond traditional RFP software to deliver superior efficiency and results.
With these services, Acuity helps firms stay ahead in an increasingly competitive marketplace, turning RFP responses into strategic advantages.
Conclusion
For financial institutions aiming to improve their success rates in securing new business, investing in expert RFP support services is a smart decision. With end-to-end assistance, advanced automation tools, and deep industry expertise, firms can streamline their RFP processes and focus on delivering value to their clients.
In the high-stakes world of asset management, standing out in an RFP response is crucial. By partnering with Acuity Knowledge Partners, firms can enhance their efficiency, improve their response quality, and achieve greater success.
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