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[Music] we know selecting the wrong software solution can cost a great deal in wasted time and money so we would like to provide some tools and insights to help prevent those costly mistakes today we would like to explain how our rfp templates can help in picking the right software we will establish what they are how they can be used and the benefits they offer so lets get started by defining rfp a request for proposal document rfp and its processes are widely used across industries generally speaking an rfp is issued by an organization when they want to assess the offerings of one or more providers for a complex undertaking whether its ongoing legal services a major construction bid or a long-term government contract but here in the business software context an rfp is a document that clearly defines the precise requirements that your company needs in a software solution once finalized an rfp document for business software will include many details such as implementation costs and s