Loopio

Loopio

RFP Response Software & Proposal Software for the Enterprise

4.6/5 (69 reviews)

Loopio Overview

With Loopio’s RFP Response Software, enterprises can respond to RFPs, RFIs, and Security Questionnaires more efficiently. Intelligent and automated workflows enable companies to save time and collaborate seamlessly with their team and Subject Matter Experts (SMEs) to produce compelling and accurate responses.

Loopio is loved by Sales, Proposal, and Security Teams globally and is trusted by leading organizations including IBM, Thomson Reuters, Citrix, and New Relic.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Canada, United States

Supported Languages

English

Loopio Reviews

Overall rating
4.6/5
99% positive reviews
45
Excellent
23
Very good
0
Average
0
Poor
1
Terrible
Erica Y.

I never want to be without Loopio again!

Used Daily for 2+ years
Reviewed on 2017/11/21
Review Source: Capterra

Pros

As a previous user of a different leading RFP software, I can say Loopio is night and day different - in the best way possible. Loopio is feature-heavy but still super simple and intuitive. Loopio makes it extremely easy for our team to keep content up-to-date, share information across teams, and respond accurately to a high volume of RFPs. Our team responds to 200+ complex RFPs each year, all done by a team of 4 full-time writers. Loopio helps us keep up with the increasing demand on our team year-over-year by increasing the speed to answer (thank you, Magic feature!) and decreasing the time it takes us to find the exact information we need. Our Information Security team also uses Loopio to respond to security questionnaires, and our Marketing team uses Loopio as a "source of truth" for up-to-date content for marketing materials and documentation. Loopio has truly become a tool we couldn't work without!

Cons

Export formatting is our biggest pain point; however, this has a lot to do with preferences. I'm assuming the export formatting works just fine for most organizations that use the software, but we end up spending a lot of time making exports look better after exporting from Loopio. Still 110% worth it for the other value Loopio brings us.

Response from Loopio

Hi Erica!

Thank you very much for your kind words, and your feedback regarding our current export functionality. It's great to hear that Loopio is helping you keep your content fresh and reduce your time spent answering questions with our Magic tool. That your Marketing and Information Security teams have added Loopio into their workflow really validates for us that we are adding value to your organization!

We are constantly updating our features in direct response to feedback we receive from customers, and we appreciate you bringing up the difficulties you face post export. We will take this back for internal review, and discuss what can be done to help solve this problem!

Regards,
-The Loopio Team

Rating breakdown

Value for Money
Ease of Use
Customer Support

Dalton T.

Loopio RFP software Review

Used Weekly for 6-12 months
Reviewed on 2016/06/14
Review Source: Capterra

My experience with Loopio thus far has been exceptional. The solution acts as both a RFP Management tool for real-time RFP responses as well as a repository for past RFP answers. The GUI is very clean, seamless and easy to use. The most impressive thing about Loopio thus far isn't even software, it's their customer support. They are responsive and proactive regarding any questions or issues one might have. Being the Admin of the solution, the features for enabling users or assigning users to specific tasks is effortless. Moreover Loopio provides a rich set of tools to customize individual responses or specific sections. So far we are quite pleased with the solution.

Pros

Pros for the Loopio Software are:
-Magic: it is a feature used to auto answer an RFP based on past responses. For example we recently completed an RFP with 150 questions we were able to answer 60 questions based on Magic alone.
-Assignment features: being the admin having the seamless ability to assign specific questions/sections to users is powerful but also the ability to collaborate with your user base is important especially for those last minute responses.
-Response Editing tools: these features make it very easy for anyone who is completing the review of the RFP responses to have as much functionality as one would have reviewing in MS Word.

Cons

Cons for the Loopio Software are:
-RFP ingestion, this is not necessarily a Loopio issue, most RFP's come in various formats thus it's very important that the member of your team ingesting the RFP does it properly as it is truly the major lift in the process.
-Small improvements on Screen Shot drag/drop functionality (they have said this will be in a future release which will make responses with pictures even easier to respond.) Again it's not that the current functionality is poor, it's far from that, this is just one space in which they could improve.

Response from Loopio

Thank you for the review, Dalton! It's great to see the value you're seeing in our automation and collaboration features. We also really appreciate the feedback about how we can improve specific workflows. These details have been shared with our Product team and we will continue working at making the Platform the best that it can be. Cheers!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Mario P.

Immensely Valuable!

Used Daily for 1+ year
Reviewed on 2016/12/14
Review Source: Capterra

We evaluated several RFP tools on the market and chose Loopio for its clean and easy to use interface, ability to collaborate on projects with other members, project tracking of questions, its close loop process, how it handles similar questions/answers and the easy end-to-end workflow that it offers.

Being a young startup we don't have an "RFP helpdesk", the tool needed to be easy to use by anyone, intuitive and deliver a professional looking response that represents us, the product and our brand. Loopio delivers in all these areas.

As you are getting started you need to do some upfront planning to organize your library and figure out the category hierarchy and how you are going to use tags which help when searching. Loopio provides some videos to help on this and is always willing to help if you reach out to them. This is the very important step and while a little time consuming it will pay off in the long run.

This process took us a few weeks to finish but anytime we had questions the team at Loopio was quick to respond. Since we started using Loopio what took us 5-6 days if not weeks to complete we can now complete in 2-3 days. It has saved us so much time and resources to focus on other areas of the business.

Like any new tool you showing the value of the investment is crucial and while we certainly made mentioned of all the quick and easy work the tool provided the real value came about when those that are using it will speak on its behalf. It sells itself within the organization.

Areas that need to improve:
- Search, need to be able to tune common words to exclude, stemming support
- Magic, great potential, not very helpful
- Support for importing of original RFPs into Loopio
- Review cycle - don't make library categories ineligible during review cycles

Loopio has proven to be such an invaluable tool to our business that we are planning to expand the use of the tool to beyond RFPs and make use of stacks (virtual libraries) for other business use cases.

Finally, get to know the team, they are awesome, timely and they care. We work closely with our customer success manager who keeps us informed of upcoming releases and how to use them and provides ongoing feedback on our features requests and potential target timelines.

Recommendations:
This tool will become a key differentiator to your organization. Buy it, you won't regret it. They won't let you down.

Response from Loopio

Hi Mario,
Thank you for taking the time to provide such a thorough review of your experience with Loopio! It's amazing to hear about the many efficiencies your team has gained, and your great experiences working with the Loopio team!
For the areas for improvement, many of these improvements, such as search enhancements, Magic effectiveness, and more import options, are currently being worked on. We hope you'll see even more success in the very near future once these improvements have been released!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Cheryl P.

What would I do without Loopio?

Used Daily for 6-12 months
Reviewed on 2016/10/05
Review Source: Capterra

Loopio has been a great tool for me. In the past, my company had several different departments responding to RFP's. The quality and consistency of our responses was difficult to measure, and answers were sometimes lacking because we had to search the company for answers every time we responded to an RFP.

One of the best and most obvious benefits of Loopio is having everything in one place. Answers can be used repeatedly and can be adjusted if needed. It's easy to search for what we need by narrowing or expanding the search by Categories. The many hours spent responding to each request is not a waste, but contributes to future projects through the ever expanding depth of our library.

I appreciate that Loopio is very easy to use. Salespeople often contribute to answering questions. If Loopio was difficult, sales wouldn't take the time to learn it. When I give them access to a project, I give them a 5 minute tutorial and that's usually all they need to get the job done.

The customer service at Loopio is definitely 5 star! They respond quickly and thoroughly. They always check to make sure they understand my question and then provide thorough instructions in their answer. They ask for feedback on how things could improve and track feedback so they know what's important to work on next. Alyssa is awesome!

I am the RFP manager at my company and I am a team of one. I support all of North American and APAC sales. I couldn't do it without Loopio. I believe Loopio improves my productivity by approximately 30% vs. using a spreadsheet or other manual library system. If I get completely overwhelmed with the number of projects coming in I can always give Loopio access to sales and let them work on the document themselves. Answers remain consistent across the globe. Answers to unique, rare questions can be found in a minute rather than in days. I use the status bar constantly to see how close the project is to completion. It's simple to export a completed project into Word or Excel. Best of all, there is no problem with version control!

I'm pleased with how often Loopio has meaningful releases. Several times I have made suggestions for improvement and several of those suggestions have already been implemented and released.

Loopio listens. Loopio is responsive. Loopio cares about my business. I'm very thankful I don't have to do my job without it.

Pros

ease of use, real-time status, categorized answers, no issue with version control, great customer service

Cons

Attachments don't stay with a new answer when it comes through the Close Loop process.
Magic doesn't work well. The answers are usually wrong.
It has some quirks, such as when I've only been logged on a short time and I've been actively using it and the login box pops up and requires me to login again.
When I'm inside of a project, I always want to be able to see 1. the prospect name 2. the products we're proposing 3. the due date. I know I can go to project details for this, but I would like these details always visible. Other people who help answer questions don't look at project details. I want them to be able to see these 3 things all of the time.

Response from Loopio

Hi Cheryl, thank you so much for taking the time to write this heartwarming review. It means a lot to all of us! We take pride in the usability of our Platform, so it's great to hear about the adoption by the Sales team at PGi. Thank you for taking the time to provide us with such detailed feedback on a regular basis. All of the updates we release are heavily driven by feedback from customers like you!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Jolene B.

Exciting Solution to our Proposal Process

Used Daily for 1+ year
Reviewed on 2016/07/18
Review Source: Capterra

Loopio's customer care has been most impressive. We were guided through a simple on-boarding process, including training tools, to assist our internal teams. Because the features are so user-friendly, the training requirement on our end has been very minimal. Two components have really contributed to adoption of this platform among our teams: ease of use and library search functionality.

The team we've worked with at Loopio is engaged and has an interest in how we're using the software and learning about the enhancements that would be most beneficial to us. Their customer care is accessible and reliable. They are helping us enhance a large portion of what we do every day and providing the vehicle to make that an effective and efficient process.

Pros

The library search functionality allows us to easily retain and search for responses to complex, detailed proposals. This has saved hours of searching through prior proposals, folders, etc. and allows our technical editors, marketing and proposal teams easy access to current company information and up-to-date responses.

Cons

Not every facet of the software that we would need has been developed; however, we have seen regular new releases with enhanced features, all of which have been significant in terms of their value for our particular uses.

Response from Loopio

Jolene, thank you very much for your thorough and positive review! We are constantly trying to provide the greatest customer support possible, so we're delighted to hear your comments about our "customer care". With the help of your feedback, we will continue to enhance the Loopio Platform, and drive more positive change at Barnard Construction Company.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Loopio Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Request demo and further information to receive full pricing details.

Loopio Features

  • Activity Dashboard
  • Automatic Notifications
  • Data Import/Export
  • Search Functionality

  • API
  • Activity Tracking
  • CRM Integration
  • Collaboration Tools
  • Contact Database
  • Customizable Templates
  • Email Integration
  • Lead Capture
  • Lead Management
  • Monitoring
  • Real Time Data
  • Reporting & Statistics
  • Sales Analytics
  • Sales Reporting
  • Sales Tracking
  • Third Party Integration

Additional information for Loopio

Key features of Loopio

  • Build proposals from Library content
  • Document Management
  • Export proposals to Excel, Word and HTML formats
  • Format proposal content on a client-by-client basis
  • Intelligent Knowledge Library for archiving proposal content
  • Loopio’s intelligent search engine finds the best answers
  • Magic automation engine for populating the best answers
  • Manage proposal content with the Global Style Editor
  • Notify team members on proposal progress and new tasks
  • Nudge team members to complete late tasks
  • Organize approved responses with tags, categories etc
  • RFP Management
  • Task Management
  • Track RFP response using status bars and dashboards
  • Track changes to locate the required content for proposals

Benefits

■ Reduce response times by 35%
■ Respond to 37% more sales requests
■ Shorten sales cycles by 10%
■ Significantly increase automation of your response processes and collaboration across team members
■ Craft higher quality responses and have more time to focus on high‐value activities

Loopio FAQs

Below are some frequently asked questions for Loopio.

Q. What type of pricing plans does Loopio offer?

Loopio offers the following pricing plans:

Pricing model: Subscription

Free Trial: Not Available

Request demo and further information to receive full pricing details.

Q. What are the main features of Loopio?

Loopio offers the following features:

  • Build proposals from Library content
  • Document Management
  • Export proposals to Excel, Word and HTML formats
  • Format proposal content on a client-by-client basis
  • Intelligent Knowledge Library for archiving proposal content
  • Loopio’s intelligent search engine finds the best answers
  • Magic automation engine for populating the best answers
  • Manage proposal content with the Global Style Editor
  • Notify team members on proposal progress and new tasks
  • Nudge team members to complete late tasks
  • Organize approved responses with tags, categories etc
  • RFP Management
  • Task Management
  • Track RFP response using status bars and dashboards
  • Track changes to locate the required content for proposals

Q. Who are the typical users of Loopio?

Loopio has the following typical customers:

Large Enterprises, Mid Size Business

Q. What languages does Loopio support?

Loopio supports the following languages:

English

Q. What type of pricing plans does Loopio offer?

Loopio has the following pricing plans:

Subscription

Q. Does Loopio support mobile devices?

We do not have any information about what devices Loopio supports

Q. What other apps does Loopio integrate with?

Loopio integrates with the following applications:

Salesforce Sales Cloud

Q. What level of support does Loopio offer?

Loopio offers the following support options:

Knowledge Base, Online Support, Phone Support