What does 'Proposal Management' mean?

Proposal management is a key component of modern software development processes. It is an organized approach that facilitates the creation, submission, and tracking of proposals for projects, contracts, and agreements. This feature allows software users to effectively collaborate with their teams, stakeholders, and clients in the proposal writing, review, and approval process. The proposal management feature comes with multiple functionalities, all aimed at increasing efficiency and maximizing success in the proposal process. It allows users to create customized templates, set up workflows, and define