|
Company: QorusDocs, Bellevue, WA
Nomination Submitted by: CommuniquePR
Company Description: QorusDocs is an award-winning proposal management and RFP response software company. Their smart solution is intuitive and easy-to-adopt, enabling teams to create personalized, professional-looking documents directly from familiar Microsoft Office apps and CRM systems. With QorusDocs, RFP, RFI, and RFQ responses, pitches, presentations, and SOWs are completed in minutes or hours instead of days.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Content Management Solution
 Nomination Title: QorusDocs’ content management solution
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
In July 2021, QorusDocs continued to advance its automation and user-friendly capabilities with Natural Language Processing. NLP helps streamline the RFP response process for companies by scanning documents and selecting the most important and relevant information for a specific proposal. Then, the most effective answers are automatically written into the proposal within seconds, saving teams valuable time and resources.
When putting together pitches and other important documents, artificial intelligence assesses the business opportunity and proposal context and recommends the best content that has proven to be effective in winning business. As a result, NLP takes care of the mundane tasks involved with RFPs such as searching for content in various existing documents and libraries, manually entering information for proposals, and deciding which content is the more efficient and persuasive to use. NLP’s role in automating the RFP process allows professionals to focus on more high-value activities like personalization and relationship building.
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 343 words used.
QorusDocs is an AI-powered proposal development software that automates the creation of strategic sales responses that stand out and win deals. Personalized for each prospect, proposals are professional, on-brand, error-free, and include content proven to lead to better win rates.
QorusDocs’ cloud-based solution automates the RFP response process, selecting content with the highest engagement rate that can be directly applied to any proposal. As a result, users can produce high-quality, business-winning documents in minutes instead of hours, considerably scaling response delivery and allowing more time to complete additional RFPs. Through this AI-powered automation, teams spend less time on the tedious steps of document creation and more time building relationships, winning business, and increasing revenue.
QorusDocs allows teams to incorporate personalized content based on customers’ needs and provides real-time engagement from prospects with its built-in measurement tool. The tool tracks how long prospects stay on each page of a proposal, what they click on, and what is shared, so companies are no longer left in the dark about proposals. As a result, teams can provide more tailored follow-up communication and adjust proposals based on customer interaction, giving them an edge over the competition and insight into what content secures wins. Additionally, this process streamlines internal communication, allowing teams to easily agree on which content to use and collaborate efficiently on proposal development, all of which reduce stress and friction for team members.
QorusDocs’ intuitive and easy-to-adopt solution enables proposal and sales teams to develop visually compelling documents directly from familiar Microsoft Office apps and popular CRM systems. Additionally, the cloud-based software was purpose-built with geographically dispersed workforces in mind, allowing remote teams to feel confident sharing important documents from anywhere and get instant feedback from experts. QorusDocs also utilizes Microsoft Azure and signNow to ensure the highest level of security and compliance for all of companies’ proposal content.
Above all, QorusDocs’ solutions empower organizations around the world to produce high-quality proposals at lightning speed, helping them put their best foot forward and continue to advance their business and customer base, and secure more wins.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 353 words used. If the word count is more than 25 words over the limit, please deduct one (1) point from your score.
QorusDocs has shown tremendous performance gains and will finish 2021 with a growth of 43%. This year, QorusDocs secured over 30 wins and is ranked among the top RFP, proposal, and sales enablement software.
As QorusDocs’ capabilities expand, customers remain satisfied with its automation tools, content insights, and overall dependability. Kramer Levin Naftalis & Frankel LLP has seen substantial improvement in content management since implementing QorusDocs. “We have calculated that we spend almost 30% less time creating and managing content,” said Jennifer Manton, Managing Director for Kramer Levin. “It also helped us increase pitch output by about 25%.”
Additionally, CDW Corporation adopted QorusDocs as its preferred cloud-based proposal management platform in the U.S. and Canada. It now has over 140 licensed users and can create response templates covering all sales verticals – business, government, education, and healthcare – that its teams support. “QorusDocs has enabled us to leverage automation to be more efficient in how we search for, create, and use content,” said Alexandra M, Senior Administrator & Content Manager for CDW. “Our users save valuable time in the proposal process as they can pull down customizable templates and search for and insert content – all within the same tool.”
For many customers, QorusDocs’ content automation, personalization, and tracking have significantly enhanced their response process. Having the search and insert function available in the Office 365 tools we're already using to create proposals is the biggest advantage. Being able to insert our best content into my document, with QorusDocs automatically completing the ‘smart fields’ from pre-populated data, in just a few clicks and without leaving the application I'm in, has made a big difference to my workflow.”
For others, QorusDocs streamlines collaboration, allowing them to work efficiently on proposals and enhance communication. QorusDocs as a software allows the users to be collaborative. With our firm, we are located in different parts of the world, so this is very useful with building pitches. I like the support we receive from the QorusDocs team especially when we need to work on improving our internal processes using the tool
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 244 words used.
QorusDocs’ software significantly supported companies’ win rates in 2021. In their annual Not Your Average Benchmark study, participants reported that their business win rates increased and their RFP response process was streamlined with proposal management software. Enterprises using proposal management software noted that the time spent building an RFP response decreased by 53% and they were significantly more likely to report an increase in RFP requests compared to companies not using automated software (71% vs. 53%).
QorusDocs’ annual Not Your Average Benchmark study also found that companies significantly increased their collaboration and internal communications with proposal management software, leading to less stress and friction between teams and more time to complete additional RFPs. For enterprises using proposal management software, collaboration on RFPs improved by a staggering 56%. Additionally, 85% of those using proposal management software agreed that it's easier to collaborate when working on requests.
Just like so many of QorusDocs’ clients, CDW Corporate turned to the software for its customization, automation, and streamlined processes. CDW worked with a QorusDocs Customer Success Manager to configure its content into a standardized format prior to its major migration of 1,000+ records and templates, helping them save valuable time and resources.
Kramer Levin has integrated QorusDocs with their CRM systems, allowing them to make updates that are automatically replicated in QorusDocs and made available in proposal-ready formats with the most up-to-date information. As a result, the quality and consistency of Kramer Levin’s documents have significantly improved.
| Attachments/Videos/Links: |
|---|
|
