List of the Top 3 On-Prem RFP Software in 2025

Penny is an innovative Procure-To-Pay solution that operates in the cloud, offering a beautifully crafted and user-friendly interface that simplifies and digitizes your entire procurement process from the initial request all the way through to payment. With penny, you can effortlessly issue RFQs, RFPs, and RFIs to various suppliers, compare their quotes, generate purchase orders, and handle payments, all while streamlining what is often a complex and cumbersome procedure into a cohesive, intelligent system tailored to your organization’s needs. So, how does penny contribute to your organization’s efficiency and cost-effectiveness? ● It allows for precise budget allocation, management, and oversight across various dimensions such as expense accounts, projects, departments, locations, and teams. ● By streamlining procurement, penny ensures that requests, approvals, and purchase orders are not lost in a sea of emails or handled offline. ● The platform simplifies the process of retrieving and monitoring the history of requests and purchases, enhancing transparency. ● Product requests become more accurate through the use of catalogs, effectively reducing the likelihood of purchasing mistakes. ● You can generate comprehensive reports and analyses directly from the platform, providing a centralized source of data for all procurement activities. ● Designed with user experience as a priority, penny is cloud-based, ensuring accessibility and ease of use for your team. Additionally, our Action Board fosters collaboration and provides a straightforward interface, ensuring that every team member can navigate the procurement process with confidence and efficiency.

Team Procure is an innovative cloud procurement platform designed to streamline the management of your entire purchasing workflow, encompassing e-sourcing and inventory management within a single, cohesive application. This solution allows you to efficiently handle purchase requests, orders, suppliers, and inventory across various warehouses from one centralized system. We specifically target small to medium-sized businesses across diverse sectors, including manufacturing, construction, healthcare, and beyond. Our range of services includes: • Facilitating Purchase Request Creation • Supplier Onboarding Processes • Tailored Approval Workflows • Requests for Quotations (RFQs) and E-Auctions • Comprehensive Warehouse and Inventory Oversight • In-depth Reporting Capabilities In addition, Team Procure provides an enterprise-level solution tailored for extensive procurement needs, featuring dedicated servers, enhanced sourcing tools, seamless ERP integrations, and top-tier customer support to ensure optimal operational efficiency. With our platform, businesses can enhance their procurement strategies and drive better decision-making through data-driven insights.

The hybrid workplace has become a lasting aspect of the modern business landscape, and organizations that harness its advantages will find themselves in an excellent position to reap significant rewards. The Solution Engineering Tool, or "SET," serves as a powerful software solution aimed at empowering teams involved in business pursuits during crucial phases of the acquisition process. It acts as a driving force to enhance your organization's growth potential. By adopting SET, professionals engaged in business development, capture management, and proposal writing can participate in essential strategic planning that is vital for securing contracts at federal, state, local, and commercial levels, including recompete opportunities. Set to cater to the evolving demands of the workplace, SET is accessible in both cloud-based (on-demand) and on-premises versions. With the functionalities that SET offers, users can effectively answer the critical questions that emerge when crafting a competitive bid. In addition, companies involved in government contracting typically allocate substantial resources to develop strategies and plans tailored to their targeted pursuits. Incorporating SET into these practices can simplify and enhance these efforts, ultimately resulting in improved success rates during the bidding process. As organizations continue to adapt to the changing work environment, embracing innovative tools like SET will be essential for staying competitive.