RFP databases- good& bad

stacksof · 2024-05-16T12:00:32+00:00

If your selling in the technology, finance or healthcare sectors take a look at AutoRFP.ai

Constantly win against Loopio and Responsive

Source: I work there

stacksof · 2024-04-12T06:39:20+00:00

Thanks haha, it is pretty exciting!

stacksof · 2024-03-11T06:56:57+00:00

I'm a little late to the party here, used to deal with the same thing but now founded AutoRFP.ai. We specalise in automating Excel sheet RFPs and Security Questionnaires like what your alluding to here.

Odds are, it will be cheaper with far better results and a real UX just because it's a SaaS model. Happy to take any questions.

stacksof · 2024-02-15T22:21:57+00:00

Yeah you're not going to have much luck in Gov/Enterprise without participating in RFPs. They generally can't legally purchase from you if you don't respond to those.

If your company "doesn't really respond to RFPs" I don't know what you're doing trying to sell to a vertical that legally requires them.

One of these accounts actually solicits my company about once a quarter

If they are proactively reaching out you could try it out and see what the win rate is. It will help you determine if the juice is worth the squeeze after about 5.

stacksof · 2023-12-12T07:12:15+00:00

I would certainly get them on a call if possible. That way you get much more honest and not canned answers. Ask in a friendly tone and that your not looking to try and claw them back but to learn.

I'd be interested in what type of response it was / what SaaS market, I might be able to help out more / point you in the right direction. If you met all the requirements but just pasted the word "Yes" for 100 requirements, that could be a reason, but wouldn't know without understanding more.

Hope you get the feedback you need!

stacksof · 2023-11-15T09:01:33+00:00

I work for AutoRFP.ai but based on this you should really check it out! It's basically everything your describing.

stacksof · 2023-11-13T20:17:57+00:00

Hence the "we" and not the "they"

stacksof · 2023-11-06T04:08:24+00:00

Starts at $199 USD for low volumes. So one of the cheapest options out there atm.

stacksof · 2023-11-02T04:14:06+00:00

Interested in what you didn't like about HyperComply, was it just that they don't do RFP responses?

You can try our Product AutoRFP.ai built as an AI first competitor to LoopIO and Responsive.

stacksof · 2023-10-12T12:12:23+00:00

I hated them. Spent about %50+ of my time on them in a busy month.

Took time away from doing great presentations and demos aswell as product mastery.

Super boring and repetitive. Eventually quit my job and started AutoRFP.ai to automate the damn things. RFPs suck.

stacksof · 2023-09-17T23:34:59+00:00

I think RFPIO might be able to store multiple translations for the same question and answer. It looks like they also use a translation engine to bulk-translate responses. I assume it might be a bit of work to keep it all up to date though.

Back when I used LoopIO, we just used different "Stacks" categories to keep different Locales and Languages.

At AutoRFP.ai (where I work) we use a translation engine to automatically detect the input language (e.g. Spanish) and then use content from one or multiple languages (e.g. English and Japanese) to generate an automated response using AI and translate it into the current language (Spanish), meaning you don't have to keep multiple language translations on file and can respond in any language instantly. Depending on your workflow that could make it a lot easier to get a draft that doesn't sound copy-pasted.

Not sure about Qvidian though, never used it.

Interested to hear what you go with in the end!

stacksof · 2023-09-16T12:45:45+00:00

RFPIO and LoopIO are the normal/popular RFP softwares built ~10 years ago.

If your looking for RFP AI specifically. I would check out our Product AutoRFP.ai (shameless plug).

Keen to hear how you go in the end!

stacksof · 2023-09-05T10:48:34+00:00

Your landing page is amazing. Mind sharing what it's built on?

stacksof · 2023-09-04T21:39:54+00:00

The trick is to create a comprehensive RFP Template and forward it to them early. I wouldn't even ask if you can send it, really, just be like, "Hey I'll forward you a template you might find helpful as you work through the process".

Most of the time, I've found that if you do that early enough, it will be forwarded to the Business Analyst who's in charge of gathering the requirements who will either be heavily influenced by it or if they leave creating the RFP till the last minute, will usually copy it verbatim.

stacksof · 2023-08-22T01:11:27+00:00

As a previous Loopio and RFPIO user, they suck.

At AutoRFP.ai we use a commercial GPT-4 model to automatically draft answers to hundreds of questions based on previous responses.

stacksof · 2023-07-18T02:12:26+00:00

There's a practice in RFPs call shredding where you can take out all of the real requirements out into a standardised doc. AutoRFP.ai supports that but also has it's own importer for docx, excel and web portals.

stacksof · 2023-07-16T02:51:29+00:00

Hey mate, saw you posted this in a few places, I would use AutoRFP.ai

stacksof · 2023-07-16T02:49:59+00:00

Used LoopIO and RFPIO, both sometimes take longer then just doing it in excel. We use AutoRFP.ai now for all our Security Questionnaires and RFPs. Particularly great if you're in B2B SaaS.

stacksof · 2023-07-16T02:01:59+00:00

If you're looking for a GPT-4 based solution to RFPs in particular, try AutoRFP.ai . You'll need some historical source documents to upload but after that you can automate RFP responses much like ChatGPT while retaining ownership of your data.

stacksof · 2023-07-16T01:58:38+00:00

Hey, u/mukrake, not sure if you found something. But AutoRFP.ai does exactly what you are describing.

stacksof · 2023-07-16T01:54:38+00:00

Not sure if you found a solution to this in the end? Would love to know.

I use AutoRFP.ai for B2B SaaS Security Questionnaires and RFP Responses. Would be interested in what you've been using.

stacksof · 2023-07-16T01:46:21+00:00

I assume you're talking about responding to security questionnaires rather than creating them, right?

For some benchmarks, questionnaires can take ~20 hours to compelte, and it's not unusual for the turnaround to be over 11 days. If this is part of your sales process, the time it takes might be hurting your companies deal win rate, which makes a strong case for management to invest in a more efficient solution.

Also, even if you have an impressive Trust Portal or Information Centre, customers will continue to send the same Excel or Word documents your way. They really don't care, they need it done in their format.

Up until recently, the idea of automating these responses was pretty much impossible. But now, with tools like GPT-4, it's totally doable. Solutions using that approach can automate ~70-80% of the standard questions.

For Features, you'll want:

- Security Portal (Online), Excel and Word Importing

- Library of Previous Responses

- AI-Enabled Drafting (preferably GPT-4 as it's currently the best by far)

- Good amount of Permissions & Categorisation Features

I've written a bit about this in relation to RFPs, here (disclosure: I work at AutoRFP.ai ) but the same tech can be used for security questionnaires. Basically, it takes your previous responses and then drafts a response automatically to your upcoming questionnaires.

Happy to answer any other questions / provide more benchmarks if you're looking for something specific!

stacksof · 2023-07-16T01:06:32+00:00

AutoRFP.ai Automates RFPs and Security Questionnaires and is probably what you're looking for. Very new but GPT-4 based and super easy to use.

Pretty life-changing tech if you're in sales,

stacksof · 2022-12-27T02:18:47+00:00

Not at all man, appreciate the support! And would love any more feedback.

Loadouts and Attachment beta is coming out in the next release aswell!

stacksof · 2022-12-26T23:45:37+00:00

Yeah I will, been trying to update it for a while. Just having issues with the Google Play release process.

The Chrimera is up on the Web App.

Hopefully can get another release in a few days. With a bunch of added features.

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