Quick Overview
- 1#1: SAP Ariba - Comprehensive cloud-based sourcing platform that automates RFx processes including RFQs for strategic procurement.
- 2#2: Coupa Sourcing - Integrated eSourcing solution within a full procure-to-pay suite for efficient RFQ creation, bidding, and supplier management.
- 3#3: Jaggaer ONE - Source-to-contract platform with advanced RFQ modules supporting complex negotiations and supplier collaboration.
- 4#4: Ivalua Procurement - Unified source-to-pay suite offering configurable RFQ tools for direct and indirect spend categories.
- 5#5: GEP SMART - AI-driven procurement platform that optimizes RFQ processes with intelligent sourcing and analytics.
- 6#6: Zycus Source-to-Pay - Cognitive procurement software with Merlin AI for automating RFQs, RFPs, and supplier evaluations.
- 7#7: Oracle Procurement Cloud - Cloud-based procurement solution featuring sourcing applications for RFQs and supplier negotiations.
- 8#8: Procore - Construction management platform with built-in RFQ tools for subcontractor bidding and project procurement.
- 9#9: Precoro - User-friendly procurement software that simplifies RFQ workflows, approvals, and vendor selection.
- 10#10: Kissflow Procurement Cloud - Low-code platform for building custom RFQ processes integrated with purchase orders and approvals.
Tools were ranked based on feature robustness, operational excellence, user experience, and value, ensuring they deliver scalable, reliable performance across diverse procurement landscapes.
Comparison Table
Effectively managing requests for quotations (RFQs) is critical for efficient procurement, and our comparison table evaluates leading tools like SAP Ariba, Coupa Sourcing, Jaggaer ONE, Ivalua Procurement, GEP SMART, and more. Readers will discover key features, integration strengths, and operational benefits to identify the right platform for their unique needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | SAP Ariba Comprehensive cloud-based sourcing platform that automates RFx processes including RFQs for strategic procurement. | enterprise | 9.4/10 | 9.8/10 | 7.6/10 | 8.7/10 |
| 2 | Coupa Sourcing Integrated eSourcing solution within a full procure-to-pay suite for efficient RFQ creation, bidding, and supplier management. | enterprise | 9.1/10 | 9.4/10 | 8.7/10 | 8.6/10 |
| 3 | Jaggaer ONE Source-to-contract platform with advanced RFQ modules supporting complex negotiations and supplier collaboration. | enterprise | 8.4/10 | 9.2/10 | 7.6/10 | 8.0/10 |
| 4 | Ivalua Procurement Unified source-to-pay suite offering configurable RFQ tools for direct and indirect spend categories. | enterprise | 8.7/10 | 9.3/10 | 7.8/10 | 8.2/10 |
| 5 | GEP SMART AI-driven procurement platform that optimizes RFQ processes with intelligent sourcing and analytics. | enterprise | 8.5/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 6 | Zycus Source-to-Pay Cognitive procurement software with Merlin AI for automating RFQs, RFPs, and supplier evaluations. | enterprise | 8.3/10 | 9.0/10 | 7.8/10 | 7.9/10 |
| 7 | Oracle Procurement Cloud Cloud-based procurement solution featuring sourcing applications for RFQs and supplier negotiations. | enterprise | 8.2/10 | 9.1/10 | 6.8/10 | 7.5/10 |
| 8 | Procore Construction management platform with built-in RFQ tools for subcontractor bidding and project procurement. | specialized | 8.1/10 | 8.5/10 | 7.4/10 | 7.2/10 |
| 9 | Precoro User-friendly procurement software that simplifies RFQ workflows, approvals, and vendor selection. | specialized | 8.3/10 | 8.6/10 | 9.0/10 | 7.8/10 |
| 10 | Kissflow Procurement Cloud Low-code platform for building custom RFQ processes integrated with purchase orders and approvals. | specialized | 7.8/10 | 8.2/10 | 9.0/10 | 7.4/10 |
Comprehensive cloud-based sourcing platform that automates RFx processes including RFQs for strategic procurement.
Integrated eSourcing solution within a full procure-to-pay suite for efficient RFQ creation, bidding, and supplier management.
Source-to-contract platform with advanced RFQ modules supporting complex negotiations and supplier collaboration.
Unified source-to-pay suite offering configurable RFQ tools for direct and indirect spend categories.
AI-driven procurement platform that optimizes RFQ processes with intelligent sourcing and analytics.
Cognitive procurement software with Merlin AI for automating RFQs, RFPs, and supplier evaluations.
Cloud-based procurement solution featuring sourcing applications for RFQs and supplier negotiations.
Construction management platform with built-in RFQ tools for subcontractor bidding and project procurement.
User-friendly procurement software that simplifies RFQ workflows, approvals, and vendor selection.
Low-code platform for building custom RFQ processes integrated with purchase orders and approvals.
SAP Ariba
enterpriseComprehensive cloud-based sourcing platform that automates RFx processes including RFQs for strategic procurement.
Ariba Network, the largest B2B supplier network enabling real-time RFQ collaboration with millions of suppliers worldwide
SAP Ariba is a leading cloud-based procurement platform specializing in end-to-end sourcing, with robust RFQ (Request for Quotation) capabilities through its Sourcing module. It allows users to create, distribute, and evaluate RFQs via RFx processes, e-auctions, and supplier collaboration tools. The platform connects to the world's largest open supplier network, enabling efficient negotiations and spend optimization for enterprises.
Pros
- Vast global supplier network with over 5 million suppliers for broad RFQ reach
- Advanced RFx tools including e-auctions, scenario analysis, and optimization algorithms
- Deep analytics, AI-driven insights, and seamless integration with ERP systems like SAP S/4HANA
Cons
- Steep learning curve and complex setup for non-expert users
- High implementation costs and long deployment timelines
- Premium pricing may not suit small to mid-sized businesses
Best For
Large enterprises with high-volume, complex procurement needs requiring scalable RFQ management and global supplier collaboration.
Pricing
Custom enterprise pricing, typically starting at $50,000+ annually based on modules, users, and transaction volume; contact sales for quotes.
Coupa Sourcing
enterpriseIntegrated eSourcing solution within a full procure-to-pay suite for efficient RFQ creation, bidding, and supplier management.
AI-powered decision optimization that analyzes bids and recommends optimal awards based on cost, risk, and business rules
Coupa Sourcing is a powerful module within the Coupa Spend Management platform designed for managing RFQs, RFPs, RFIs, and e-auctions to streamline strategic sourcing. It enables collaborative supplier interactions, multi-round negotiations, and real-time analytics for optimal decision-making. Fully integrated with Coupa's procurement ecosystem, it supports end-to-end processes from event creation to contract award and supplier onboarding.
Pros
- Comprehensive RFx tools with support for complex events, e-auctions, and multi-round bidding
- Deep integrations with ERPs, Coupa's full suite, and AI-driven analytics for sourcing optimization
- Scalable supplier collaboration portal enhancing participation and compliance
Cons
- Enterprise-focused pricing can be prohibitive for SMBs
- Initial setup and customization require significant configuration time
- Advanced features may overwhelm users without procurement expertise
Best For
Large enterprises with high-volume, complex sourcing needs seeking an integrated procurement platform.
Pricing
Quote-based enterprise pricing, typically starting at $50,000+ annually depending on users, spend volume, and modules.
Jaggaer ONE
enterpriseSource-to-contract platform with advanced RFQ modules supporting complex negotiations and supplier collaboration.
Unified RFx-to-contract workflow with AI-powered supplier recommendations and real-time collaboration
Jaggaer ONE is a comprehensive cloud-based source-to-pay platform designed to optimize procurement processes, with robust RFQ capabilities through its advanced RFx module for creating, distributing, and evaluating supplier quotations. It supports collaborative sourcing events, supplier portals, and analytics to drive competitive bidding and cost savings. The platform integrates seamlessly with ERP systems and offers AI-driven insights for strategic procurement decisions.
Pros
- Extensive RFx tools including multi-round bidding and e-auctions
- Powerful analytics and spend visibility for informed decisions
- Scalable for global enterprises with strong supplier collaboration
Cons
- Complex interface with a steep learning curve for new users
- High implementation costs and customization requirements
- Less ideal for small businesses due to enterprise focus
Best For
Large enterprises with complex, high-volume procurement needs requiring end-to-end sourcing automation.
Pricing
Custom enterprise pricing via quote; typically starts at $100K+ annually based on modules, users, and spend volume.
Ivalua Procurement
enterpriseUnified source-to-pay suite offering configurable RFQ tools for direct and indirect spend categories.
AppStudio no-code configurator for building tailored RFQ processes and workflows in minutes
Ivalua Procurement is a comprehensive, cloud-based source-to-pay platform that excels in managing RFx processes, including RFQs, for enterprise-level sourcing. It enables users to create detailed RFQs, invite suppliers via a collaborative portal, evaluate bids with advanced scoring, and integrate seamlessly with procurement workflows. The platform's no-code configurability allows for highly customized RFQ templates and automation without developer intervention.
Pros
- Highly configurable RFQ workflows with no-code tools like AppStudio
- Integrated supplier management and analytics for bid evaluation
- Robust scalability for global enterprises with multi-language support
Cons
- Steep learning curve due to extensive customization options
- Lengthy implementation timelines for complex deployments
- Premium pricing may not suit mid-market organizations
Best For
Large enterprises needing a unified platform for complex, high-volume RFQ processes across global supply chains.
Pricing
Quote-based enterprise pricing; typically starts at $100K+ annually depending on modules, users, and deployment scale.
GEP SMART
enterpriseAI-driven procurement platform that optimizes RFQ processes with intelligent sourcing and analytics.
AI-powered NexXE copilot for automated RFQ event creation, optimization, and decision support
GEP SMART is a cloud-based, AI-powered source-to-pay platform from GEP that excels in digital procurement, including robust RFx modules for RFQs, RFPs, RFIs, and e-auctions. It streamlines the entire sourcing process with supplier collaboration tools, analytics, and automation to optimize spend and supplier selection. Designed for enterprises, it integrates seamlessly with ERP systems for end-to-end visibility and efficiency in RFQ management.
Pros
- Comprehensive RFx suite with e-auctions, scenario analysis, and supplier portals
- AI-driven insights and predictive analytics for better RFQ outcomes
- Scalable for global enterprises with strong ERP integrations
Cons
- Steep learning curve and complex setup for non-expert users
- Enterprise-level pricing not suitable for SMBs
- Overkill for organizations needing only basic RFQ functionality
Best For
Large enterprises with complex, high-volume procurement needs seeking a full source-to-pay platform.
Pricing
Custom enterprise pricing via quote; typically starts at $100K+ annually based on users, modules, and deployment scale.
Zycus Source-to-Pay
enterpriseCognitive procurement software with Merlin AI for automating RFQs, RFPs, and supplier evaluations.
Merlin AI-powered cognitive sourcing for automated RFQ evaluation and optimal supplier selection.
Zycus Source-to-Pay is an enterprise-grade procurement platform that encompasses the full source-to-pay lifecycle, with a robust eSourcing module dedicated to RFQ management. It allows users to create, distribute, and evaluate RFQs efficiently, supporting multi-round bidding, supplier collaboration, and advanced analytics for informed decision-making. The platform leverages AI through its Merlin Suite to automate evaluations and provide predictive insights, integrating seamlessly with ERP and spend management systems.
Pros
- AI-driven Merlin Suite for intelligent RFQ analysis and recommendations
- Comprehensive RFx templates and supplier portal for streamlined bidding
- Strong integration capabilities with ERP, P2P, and analytics tools
Cons
- Steep learning curve due to extensive enterprise features
- Custom pricing can be prohibitive for mid-market organizations
- Initial implementation requires significant configuration time
Best For
Large enterprises with complex procurement needs requiring integrated RFQ functionality within a full source-to-pay suite.
Pricing
Custom enterprise subscription pricing, typically starting at $50,000+ annually based on users, modules, and deployment scale.
Oracle Procurement Cloud
enterpriseCloud-based procurement solution featuring sourcing applications for RFQs and supplier negotiations.
AI-powered Sourcing Optimization that provides automated supplier recommendations and negotiation guidance during RFQ processes
Oracle Procurement Cloud is a comprehensive cloud-based procurement platform that enables organizations to manage the entire sourcing lifecycle, including creating, distributing, and evaluating RFQs from suppliers. It offers advanced tools for supplier collaboration, bid analysis, and contract negotiations, integrated seamlessly with Oracle's ERP ecosystem. Designed for enterprise-scale operations, it leverages AI and analytics to optimize procurement decisions and ensure compliance.
Pros
- Robust RFQ management with multi-round negotiations and supplier portals
- Advanced analytics and AI-driven insights for bid evaluation
- Deep integration with Oracle ERP for end-to-end procurement visibility
Cons
- Steep learning curve and complex setup requiring expert implementation
- High cost unsuitable for small to mid-sized businesses
- Customization often needed for non-standard processes
Best For
Large enterprises with complex, high-volume procurement needs and existing Oracle infrastructure.
Pricing
Subscription-based, typically starting at $10,000+ per month depending on users, modules, and deployment scale; custom quotes required.
Procore
specializedConstruction management platform with built-in RFQ tools for subcontractor bidding and project procurement.
Bidding Workspace for streamlined RFQ distribution, automated subcontractor invites, bid leveling, and award decisions all in one integrated dashboard
Procore is a comprehensive cloud-based construction management platform that includes RFQ and bidding tools within its Bidding workspace, enabling users to create bid packages, invite subcontractors via RFQ, and manage responses centrally. It integrates RFQ processes seamlessly with project management, financials, and field operations for end-to-end visibility. While powerful for construction pros, it's part of a broader suite rather than a standalone RFQ solution.
Pros
- Seamless integration of RFQ/bidding with full construction PM tools
- Real-time collaboration, notifications, and mobile access for bid management
- Robust reporting and analytics on subcontractor bids and qualifications
Cons
- Steep learning curve due to extensive feature set
- High cost may not suit small teams or simple RFQ needs
- Less specialized for non-construction RFQ compared to dedicated procurement tools
Best For
Mid-to-large construction firms requiring integrated RFQ management within a comprehensive project platform.
Pricing
Custom quote-based pricing; typically starts at $5,000-$10,000/year for small teams, scaling to enterprise levels with per-user or per-project fees around $400-$600/month.
Precoro
specializedUser-friendly procurement software that simplifies RFQ workflows, approvals, and vendor selection.
Real-time side-by-side bid comparison with automated supplier scoring
Precoro is a cloud-based procurement platform designed to automate and streamline purchasing processes for businesses. It excels in RFQ management by enabling users to create and send RFQs to multiple vendors, compare bids in real-time, and track supplier responses efficiently. The software also integrates approval workflows, purchase orders, and budget controls to ensure compliance and cost savings throughout the procurement cycle.
Pros
- Intuitive RFQ creation and multi-vendor bid comparison
- Strong mobile app for on-the-go approvals
- Seamless integrations with ERP systems like NetSuite and QuickBooks
Cons
- Pricing scales quickly for larger teams
- Limited advanced analytics for RFQ data
- Customization options are somewhat restricted
Best For
Mid-sized businesses needing user-friendly RFQ tools within a full procurement suite.
Pricing
Custom quote-based pricing starting at $499/month for up to 10 users, with per-user scaling and enterprise plans.
Kissflow Procurement Cloud
specializedLow-code platform for building custom RFQ processes integrated with purchase orders and approvals.
No-code workflow builder that allows drag-and-drop customization of RFQ templates, approvals, and supplier interactions without developer involvement
Kissflow Procurement Cloud is a no-code platform designed to automate and streamline procurement processes, including robust RFQ (Request for Quotation) management. It enables users to create customizable RFQs, invite suppliers via a self-service portal, compare bids, and track negotiations in a centralized dashboard. The solution integrates RFQ workflows with purchase orders, contracts, and vendor management for end-to-end procurement visibility.
Pros
- Highly customizable no-code workflows for RFQ processes
- Supplier portal for seamless bid submission and collaboration
- Strong integration with ERP systems and other Kissflow apps
Cons
- Limited advanced analytics and AI-driven bid evaluation compared to specialized RFQ tools
- Pricing can escalate quickly for larger teams or advanced features
- Occasional performance lags with highly complex custom workflows
Best For
Mid-sized businesses seeking a flexible, no-code procurement platform with solid RFQ capabilities that integrates into broader workflows.
Pricing
Subscription-based starting at $10-20 per user per month for basic plans, with custom enterprise pricing for advanced RFQ and procurement features.
Conclusion
The top 10 RFQ software tools offer diverse strengths, with SAP Ariba emerging as the clear leader for its comprehensive cloud-based approach to automating RFx processes. Close behind are Coupa Sourcing, which excels in integrated procure-to-pay workflows, and Jaggaer ONE, renowned for supporting complex negotiations. Together, these tools cater to a range of needs, ensuring there’s a solution for every procurement goal.
Begin streamlining your RFQ workflows with SAP Ariba—the top-ranked tool for strategic and scalable sourcing. Its robust features make it the ideal choice to elevate procurement efficiency, though Coupa Sourcing and Jaggaer ONE remain strong alternatives for specific requirements.
Tools Reviewed
All tools were independently evaluated for this comparison