Overview
What is Loopio?
Loopio is a Toronto-based RFP response software provider that helps companies streamline their process for RFPs, DDQs, and Security Questionnaires. Loopio’s RFP response software is for RFIs, Security Questionnaires, DDQs, and sales proposals.
Loopio is always evolving and innovation is a prime functionality
- Loopio is being used especially as a knowledgebase for the RFP team.
- We also have stacks for SaaS teams, order services, and other.
- The …
Great tool that will save you time and help you win more bids!
Loopio is a near perfect product, and worth every penny!
More Efficient and Accurate RFP submissions
Price is worth the value
Loopio is a user-friendly sales tool
Good features and value. Helps reduce customer due diligence response time.
Popular Features
- Searchable proposal database (6)9.494%
- Proposal content library updates (6)9.292%
- Proposal branding (6)8.484%
- Proposal templates (6)7.979%
Pricing
What is Loopio?
Loopio is a Toronto-based RFP response software provider that helps companies streamline their process for RFPs, DDQs, and Security Questionnaires. Loopio’s RFP response software is for RFIs, Security Questionnaires, DDQs, and sales proposals.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
Proposal Creation & Organization
Features related to creating new proposals and saving proposals, including re-using portions of prior proposals.
- 8.4Proposal branding(6) Ratings
Allows users to create branding rules and/or scan proposals for brand compliance.
- 7.9Proposal templates(6) Ratings
Allows users to utilize proposal templates for standard proposal layouts, with variable fields.
- 9.2Proposal content library updates(6) Ratings
Users can update saved proposal language and standard proposal content.
- 8.2Guided proposal creation(5) Ratings
A proposal authoring wizard, question flow, recommendations, or other elements guide salespeople in authoring proposals based on the particulars of the deal.
- 9.4Searchable proposal database(6) Ratings
Proposals are organized in a central repository; users can easily locate proposals within the database.
Proposal Collaboration & Workflow
Features related to collaborating on proposals and automating proposal workflows, from creation to editing and approval.
- 9.2RFP management & response(6) Ratings
Proposals can be created based on RFPs received.
- 8.2Proposal collaboration & approval(6) Ratings
Users can review and revise proposals in a collaborative fashion; may include versioning and/or automated approval workflows.
- 8.8User permissions/proposal editing controls(6) Ratings
Users can set appropriate, granular controls over who can view vs. edit elements of proposals.
- 6.7Sales proposal workflow(5) Ratings
Proposals fit conveniently into the sales workflow on both ends (coordinating content to create proposals, and moving from proposals to contracts/revenue); proposal automation improves sales efficiency.
- 8.4Proposal automation user interface(5) Ratings
User interface for setting up proposal automation is user friendly and easy to navigate.
Proposal Delivery
Features related to the distribution of proposals to clients and client interactions with proposals.
- 7.9Proposal distribution(4) Ratings
Options for providing proposals to clients are robust and convenient. May include hard copies, electronic files (PDF, Word, RTF, HTML), or online proposals via links to custom URLs.
- 7.2Interactive proposals(4) Ratings
Proposals are actionable; clients can select between options, choose from multiple agreements, upsell themselves by selecting add-ons, and/or sign agreements electronically.
- 6.9Proposal content tracking(4) Ratings
Reporting & analytics around proposal content engagement and performance, e.g. what content clients spend time reading, and what content makes for a successful deal
Product Details
- About
- Integrations
- Tech Details
- FAQs
What is Loopio?
Loopio Integrations
Loopio Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(14)Community Insights
- Business Problems Solved
- Pros
- Cons
- Recommendations
Loopio has proven to be a versatile and valuable tool for various teams and departments. It is commonly used as a knowledge base by RFP teams to efficiently answer repetitive customer questions and export them in an official template. Customers have found Loopio particularly helpful in completing due diligence and RFP responses, with the software managed by the Projects team and contributors coming from across the organization.
In addition to RFP teams, Loopio is also widely utilized by SaaS teams, order services, and other departments. Sales teams have greatly benefited from Loopio's ability to streamline the RFP process, making it easy to fill out RFPs, store data and answers, grade responses, and improve their chances of winning deals. The presence of a response database allows sales teams to quickly and accurately respond to clients' inquiries, making it especially beneficial for newcomers.
Furthermore, Loopio has been embraced by professional services teams, who use it to review sales proposals and prepare project plans. By using Loopio, these teams have been able to streamline their due diligence processes related to information security questionnaires. This reduces the time spent on answering questions and maintaining an up-to-date library of information.
Overall, Loopio's diverse set of use cases makes it an essential tool for organizations handling RFPs, RFIs, security assessments, and other inquiry-based processes. Its efficiency in centralizing knowledge, saving time, and maintaining consistency has made it a valuable asset across various teams.
Intuitive and easy-to-use platform: Many users have praised the platform for its intuitive and easy-to-use nature, making it effortless to find answers and information. They appreciated the organization of the platform, finding it effective in presenting responses in a clear and understandable manner. Some reviewers mentioned that they only needed a short tutorial to get started, highlighting its user-friendly design. Efficient search functionality: The ability to search for specific words or questions and quickly access relevant information has been well-received by users. They found this feature helpful in easily finding answers about features or products. Additionally, some reviewers liked how the platform had a high match rate for similar questions with slightly different phrasing, ensuring accurate and comprehensive search results. Regular updates and improvements: Users appreciate that releases are often meaningful and useful, indicating that updates and improvements are regularly made to the platform. They value the continuous enhancement of the platform's accuracy and relevance through machine learning from previous answers. Furthermore, reviewers liked how various fields were automatically prepopulated, saving them time and effort when entering information.
Difficult User Interface: Some users have mentioned that the user interface of the software is not easy to navigate and it is difficult to understand the features and find actual RFP responses. Reviewers have also expressed confusion when using the reviews tab.
Challenging Search Functionality: The search functionality for multiple words or phrases can sometimes be difficult, as filler words are often pulled up frequently instead of the root words of the phrase. Users have reported frustration with the search option showing irrelevant answers, making searching time-consuming.
Limited Suitability for Small Companies: According to some users, the software may not be suitable for small companies. This limitation could potentially hinder smaller businesses from fully utilizing its features and benefits.
Based on user reviews, Loopio users commonly recommend the following:
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Utilize integrations and schedule training with a Customer Success Manager. This helps improve response efficiency and enhance the tool's functionality. It is advised to take advantage of integrations and schedule training sessions to fully understand Loopio.
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Run reports from administrators and import libraries via CSV. Running reports provides insights and helps track performance, while importing libraries via CSV simplifies the organization and updating of information in Loopio.
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Engage with the Loopio team for support and advice. Users highly recommend reaching out to the account manager or customer support team for any questions or support needs. It is also suggested to attend webinars, request demos, and engage directly with the Loopio team to fully utilize the features.
Overall, users recommend Loopio as a time-saving tool that improves response efficiency and productivity for companies dealing with a high volume of RFP requests. Emphasis is placed on organization, involving upper management, leveraging the user community for feedback, and taking advantage of Loopio's ease of use, accuracy, scalability, and centralization of company information.
Attribute Ratings
Reviews
(1-5 of 5)- Loopio is being used especially as a knowledgebase for the RFP team.
- We also have stacks for SaaS teams, order services, and other.
- The departments that use Loopio for are growing year by year.
- It is especially used for repetitive questions that customers are asking the company and exporting in an official template.
- Innovation
- Searchability
- Ease of use
- Customization of exporting templates--you need to engage with the Loopio team to make changes
- AI of Magic Tool
- Reviews searchability
- Proposal branding
- 80%8.0
- Proposal templates
- 60%6.0
- Proposal content library updates
- 100%10.0
- Guided proposal creation
- 80%8.0
- Searchable proposal database
- 100%10.0
- RFP management & response
- 90%9.0
- Proposal collaboration & approval
- 70%7.0
- User permissions/proposal editing controls
- 90%9.0
- Sales proposal workflow
- 70%7.0
- Proposal automation user interface
- 90%9.0
- Proposal distribution
- 70%7.0
- Interactive proposals
- 50%5.0
- Proposal content tracking
- 50%5.0
- No more wasting time searching for the content to a question
- Quick and rapid updates of the content
- ROI not yet calculated due to growth in company
- User friendly--very simple
- Reviews of libraries can be assigned
- Non-named user licenses can be used by various people
- Close Loop--changes can be added to library with just a few clicks
- View text in library and can copy content
- Reporting on reviews and usage and projects
- Help center and assigned representative
- Library duplicates functionality
- Ability to track and followup status of questions.
- Library of answers.
- User experience is superb.
- Having the ability to directly connect responses in multiple languages.
- Ability to set up more people in the review cycle (we typically have a responder, and at least 2 reviewers).
- Proposal branding
- 80%8.0
- Proposal templates
- 80%8.0
- Proposal content library updates
- 80%8.0
- Guided proposal creation
- 80%8.0
- Searchable proposal database
- 90%9.0
- RFP management & response
- 100%10.0
- Proposal collaboration & approval
- 90%9.0
- User permissions/proposal editing controls
- 100%10.0
- Sales proposal workflow
- 60%6.0
- Proposal automation user interface
- 80%8.0
- Proposal distribution
- 80%8.0
- Interactive proposals
- 90%9.0
- Proposal content tracking
- 80%8.0
- It has reduced the expenses related to responding to due diligence packges
More Efficient and Accurate RFP submissions
- Create a database of best answers.
- Sort through similar questions and answers.
- Automate new answers.
- Smarter auto-fill.
- Add a robust Salesforce integration.
- Enhanced reporting capabilities.
- Proposal branding
- 90%9.0
- Proposal templates
- 100%10.0
- Proposal content library updates
- 100%10.0
- Guided proposal creation
- N/AN/A
- Searchable proposal database
- 100%10.0
- RFP management & response
- N/AN/A
- Proposal collaboration & approval
- N/AN/A
- User permissions/proposal editing controls
- N/AN/A
- Sales proposal workflow
- N/AN/A
- Proposal automation user interface
- N/AN/A
- Proposal distribution
- 90%9.0
- Interactive proposals
- 80%8.0
- Proposal content tracking
- 80%8.0
- Efficiency in submitting RFP.
- Accuracy in information that is shared.
Price is worth the value
- the platform is intuitive and very easy to use and find answers to. I love being able to google specific words or questions and find info on that feature or product.
- The platform is organized in a way that it makes reading the responses very easy. Its not hard to organize sections and see how those responses have done based on other RFP's that have been done.
- I love being able to see how these responses have done based on other RFP's. Its also nice to see that if questions have been reviewed as well or if they are currently being reviewed so that I can make sure I distribute the right information when doing an RFP.
- The user interface isnt super easy to navigate. It's difficult to understand what some of the features are within the user interface and where to find actual RFP responses. The "reviews" tab in particular presents some confusion every time I seem to use it.
- Not easy to distinguish between UK and US based responses for global companies. It would be nice to be able to distinguish responses based on country as well as language. Or have an English based version for US and UK since there are different nuances of spelling between the two.
- Search functionality for multiple words or phrases can sometimes be difficult. Filler words are often pulled up to frequently and not necessarily the root words of the phrase that I'm trying to search. Having a phrase based search function would be super helpful instead of pulling up each individual words within the phrase.
- Proposal branding
- 90%9.0
- Proposal templates
- 90%9.0
- Proposal content library updates
- 90%9.0
- Guided proposal creation
- 90%9.0
- Searchable proposal database
- 80%8.0
- RFP management & response
- 90%9.0
- Proposal collaboration & approval
- 90%9.0
- User permissions/proposal editing controls
- 100%10.0
- Sales proposal workflow
- 70%7.0
- Proposal automation user interface
- 80%8.0
- I have saved hundreds of hours working in Loopio instead of answering RFP's on my own. This has allowed me to spend other hours elsewhere. Having an RFP management tool has been an incredible timesaver
- The creation and management of questions has also saved me hours of time in searching out tough questions to answer and has also saved my colleagues time as well since we don't need to collaborate to find answers.
- Have had some issues with downloading the proposal in a readable format for clients to view. I've sometimes had to go back and figure out what went wrong when exporting which can be frustrating- especially when dealing with very tight deadlines.
Loopio is a user-friendly sales tool
- Ease of use - a few minutes' tutorial is enough for a newcomer to start using the tool.
- Handy options - i.e. support in searching for the right answer
- Often meaningful & useful releases
- May not be suitable for small companies
- There is no option to search by using the keyboard enter button, you need to click on the filter button.
- The search option isn't working the best - quite often it shows irrelevant answers so searching takes some time.
- Proposal branding
- 90%9.0
- Proposal templates
- 80%8.0
- Proposal content library updates
- 80%8.0
- Guided proposal creation
- 90%9.0
- Searchable proposal database
- 90%9.0
- RFP management & response
- 80%8.0
- Proposal collaboration & approval
- 100%10.0
- User permissions/proposal editing controls
- 90%9.0
- Sales proposal workflow
- 90%9.0
- Proposal automation user interface
- 100%10.0
- Proposal distribution
- N/AN/A
- Interactive proposals
- N/AN/A
- Proposal content tracking
- N/AN/A
- Decrease in the waiting time between request and providing a response to the customer
- Simpler communication between teams