We Secured $10M to Meet Growing Demand for Our Proposal Management Software

QorusDocs secure funding
Jennifer Tomlinson
Written by Jennifer Tomlinson / Oct 20, 2022

As Executive VP of Marketing, I work to identify business needs and help QorusDocs’ clients generate revenue more effectively and efficiently. I spearhead efforts to increase brand awareness through digital marketing and client engagement.

Demand for proposal management software is accelerating at a rapid pace—and for good reason. With the global workforce operating remotely and the unpredictability of the economy over recent years, more organizations are relying on automated tools that enable them to collaborate and develop winning proposals. Now more than ever, proposal, RFP, and sales teams are eager for solutions that streamline the response development process and help them secure more wins. 

To keep pace with the rising B2B demand for proposal automation software, we’re pleased to announce that we recently secured $10M in funding from WestRiver Group. This investment will help us support the increasing customer demand for our AI-driven, cloud-based proposal management solution, especially in fast-growing verticals, such as legal, management consulting, staffing, and recruitment. 
 

Professional services reaping the QorusDocs rewards 

 
Demand for proposal automation software from professional services organizations is on the rise. Law firms, management consultants, staffing and recruitment firms, among others, are recognizing the value of automating the creation of proposals, pitches, and RFP responses and leveraging the power of AI to craft higher-performing responses that boost the bottom line.  

At QorusDocs, we’ve grown our user base by 255% year-over-year, supported the execution of proposals that totaled $1.3 billion in 2021, and added new professional services customers, including legal and consultancy firm MinterEllison, global consultancy and construction company Mace, engineering consultants WSP, and leading law firms. Did you know that four of the top 20 global law firms and 23 of the global 200 use QorusDocs' solutions? 

“We have calculated that we spend almost 30% less time creating and managing content. It also helped us increase pitch output by about 25%.”
 

-- Jennifer Manton, Managing Director, Chief Marketing/Business Development Officer, Kramer Levin  

With our partnerships with Highspot and Intapp and Salesforce and Microsoft integrations, QorusDocs is the smart choice for legal, accounting, management consulting, and IT services organizations that want to create pitches and proposals that stand out and secure new clients. In fact, according to our 2021 benchmark research study, 60% of companies using proposal management software experienced higher business win rates, with a median improvement of 59%. 

“QorusDocs is cleverly built around Microsoft Office and permitted us to design a process and structure that worked for our business, without forcing our practitioners or business development staff into a locked or prescriptive process. The system is extremely simple and easy to teach users, onboard onto, and use. The basic insight—of creating and storing canonical content to be leveraged over time—works very well.” 

 

-- Joshua F, Head of Pursuits, Consulting, Mid-Market 

Looking to the bright future 

 
We’re excited to be able to use this new $10M funding to optimize the QorusDocs proposal management solution for new and existing customers around the globe, helping streamline operations, mitigate costs, and add true value to the work they execute. Our customers can count on us to deliver state-of-the-art, sophisticated proposal management tools that improve the quality of their proposals, lighten the challenging workloads of sales and proposal teams, and enable them to secure critical new business deals. 

Read the GeekWire article or check out the press release to learn more about QorusDocs’ $10M funding. And if you’re wondering how QorusDocs can help your organization create fast, automated, AI-driven responses that win, request a demo today.