What is "Smart RFP" in Cvent Sourcing?

"Smart RFP" in Cvent Sourcing is a feature that utilizes historical data to optimize requests for proposals (RFPs) automatically. This functionality enhances the proposal process by analyzing past RFP responses and results, which allows users to tailor their requests based on previous successes and patterns. By leveraging this data, it helps streamline the RFP process, ensuring that proposals are more relevant and effective, ultimately improving response rates and the quality of submissions received.

This automation saves time and effort for users, as they do not have to manually adjust every detail of the RFP. Instead, they benefit from data-driven insights that can help make more informed decisions on how to structure their requests for the best outcomes. This innovation exemplifies how technology can enhance sourcing practices by promoting efficiency and precision in the proposal process.