QorusDocs secures $10 Million in funding to continue to expand its AI-powered proposal management software
QorusDocs, a provider in the RFP and proposal management software industry, announced is secured $10 million in additional funding, enabling the company to address increasing customer demand for QorusDocs’ proposal management software in growing verticals, such as legal, IT services, and staffing.
The funding round was led by WestRiver Group. The company recently established key partnerships with Highspot and Intapp and integrates with Salesforce and Microsoft, expanding its presence into numerous industries, including law, accounting and management consulting, and IT services.
“With the global workforce operating remotely and the unpredictability of the economy in recent years, we’re seeing more and more organizations rely on automated tools that enable them to collaborate and develop winning proposals,” said Ray Meiring, CEO and co-founder of QorusDocs. “Now more than ever, proposal, RFP, and sales teams are eager for solutions that will streamline the development process and help them secure more wins. This round of financing will enable our teams to meet the growing demands for our software.”
QorusDocs’ AI-powered proposal management software automates the creation of pitches and proposals that stand out and win new business deals, according to the vendor. Customers are experiencing the benefits of QorusDocs. According to a new study from QorusDocs, 60% of companies using proposal management software experienced higher business win rates, with a median improvement of 59%.
Personalized for each customer, proposals developed using QorusDocs are professional, error-free, and include content proven to lead to improved win rates. The software leverages natural language processing to further streamline the RFP response process for organizations by scanning questions and selecting the most important and relevant answers for a specific opportunity.
“Companies are constantly looking for new technologies that streamline operations, optimize costs and add true value to the work they execute,” said Lavinia Calvert, VP and general manager of marketing and business development solutions at Intapp. “Through our partnership with QorusDocs, our customers have access to state-of-the-art, sophisticated proposal management tools that improve the quality of their proposals and allow them to secure critical new business deals. QorusDocs’ reputable capabilities make sales and proposal teams’ challenging workloads lighter, and we look forward to seeing what tools and features QorusDocs make accessible next.”
For more information about this news, visit www.qorusdocs.com.