Calculate the ROI of RFP/RFI automation using RFPMonkey.com to store, catezorize, and retrieve RFP-style Q&A

1. RFPMonkey.com LLC
Makes responding to RFPs so easy… well you get the idea.
To use this spreadsheet, just plug appropriate values into the gray cells
Costs of responding to RFPs
50
RFPs per yr (all responders) How many RFPs does your company respond t
Hours to complete avg RFP 40 How long does it take to complete a single RFP
Annual salary of typical employee who respond
Base pay of responder $65,000.00
Number of RFP responders 15 How many employees would be users of an au
Hourly rate of responder $31.25 Base pay / 2080.
Cost of response time / rfp $1,250.00 Hourly rate * Hours to complete avg RFP.
Yearly cost of RFP response time $62,500.00 RFPs per yr * Cost of response time per RFP.
Savings from RFP tool How much time/effort do you anticipate to be sa
Time savings rate 15% of RFPMonkey.com's centralization, categoriza
and searching features? Try values as low as 1
Time savings hrs / rfp 6
Dollar savings / rfp $187.50 Potential savings per RFP
Dollar savings / year $9,375.00 Annual savings from using an RFP tool such as
Yearly subscription for RFPMonkey.com $2,791.80 $30,000.00
Savings from RFP tool $9,375.00 = $9,375.00
$6,583.20 -$20,625.00
Net RFPMonkey.com ROI ======>
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2. oes your company respond to yearly?
ake to complete a single RFP?
pical employee who responds to RFPs?
ees would be users of an automated tool?
s to complete avg RFP.
t of response time per RFP.
fort do you anticipate to be saved by takinig advantage
m's centralization, categorization, collaboration,
tures? Try values as low as 1% or as high as 50%.
m using an RFP tool such as RFPMonkey.com.
Enter first year costs of other RFP tools here?
<====== Net ROI with other RFP tool