Compare the Top On-Premises RFQ Software as of August 2026

What is On-Premises RFQ Software?

RFQ (Request for Quotation) software streamlines the process of soliciting and managing quotes from vendors or suppliers for products or services. It enables businesses to create, distribute, and track RFQs while consolidating responses for easy comparison. These tools often include features like customizable templates, communication tracking, and analytics to ensure a transparent and efficient procurement process. By automating tasks and providing a centralized platform, RFQ software helps organizations save time, reduce costs, and improve decision-making. It is particularly valuable in industries with complex supply chains or frequent vendor interactions. Compare and read user reviews of the best On-Premises RFQ software currently available using the table below. This list is updated regularly.

  • 1
    AuraVMS

    AuraVMS

    AuraVMS

    As a buyer of commodity materials, you send out countless quotation requests every month. Talking to multiple vendors, giving them requirements, gathering their quotations, compiling all responses, and then negotiating takes a lot valuable time. It costs you money, because it takes extra 2 or 4 or 10 days to close certain requirements. AuraVMS helps you in collecting and comparing quotations. You first onboard your suppliers with very few details (and no intervention needed from them), and that's it! You're all set up to start sending quotation requests from multiple channels like Emails, WhatsApp, and more. Use AuraVMS to collect and compare quotations and you can focus on negotiations!
    Starting Price: $4.99/month
  • 2
    Penny

    Penny

    Penny Software

    Penny is a cloud-based Procure-to-Pay system built to help organizations digitize and manage their full procurement cycle, from the first purchase request all the way through to final payment. Instead of juggling emails, spreadsheets, and disconnected tools, teams can raise purchase requests, route them through configurable approval workflows, and track every request in real time, all from one intelligent system. Designed for organizations that need structure, accountability, and visibility across their spending, Penny brings AI-driven intelligence into every stage of the procurement cycle, requests, quotations, purchase orders, and payments, giving teams the clarity and control they need to manage spend with confidence.
  • 3
    Team Procure

    Team Procure

    Team Procure

    Team Procure is a cloud-based procurement suite that empowers businesses to manage their purchasing approvals, purchase orders, strategic sourcing, suppliers, and inventory. Conduct RFQ and E-Auction negotiations to secure the best deals with your suppliers. Generate custom reports based on department, project, or category and make data-driven decisions for your procurement strategy. Team Procure caters to both SMBs and Enterprise organizations with the ability to customize our system using powerful software modules. We offer solutions for: • Purchase Requisitions • Custom Approval Workflows • Procurement Management • Supplier Onboarding & Management • RFQs and E-Auctions • Warehouse Inventory Management For large procurement operations, we offer an enterprise-grade solution with dedicated servers. It includes advanced sourcing features, a supplier portal, ERP integrations, and premium support.
    Starting Price: $250/month (3 users)
  • 4
    OroCommerce

    OroCommerce

    Oro Inc.

    OroCommerce is a B2B-focused commerce platform that enables complex sales processes for manufacturers, wholesalers, and distributors. OroCommerce is a complete solution that includes CRM and marketplace solutions with online storefronts optimized for the needs of B2B sellers including RFQ (request for quote) and CPQ (configure price quote). OroCommerce has many unique capabilities including a low-code workflow automation tool, and is a market-leading platform recognized by industry analysts and trade associations. OroCommerce's founders are eCommerce industry veterans Yoav Kutner, CEO; Dima Soroka, CTO; and Roy Rubin, Director of Oro's Advisory Board.
    Starting Price: $45000.00/year
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