Why Most Trading Companies Struggle with Manual RFQs (And How to Fix It)

Q: Why do trading companies struggle with manual RFQs? A: Manual RFQs are time-consuming, error-prone, and difficult to track or compare. This leads to delays, missed deals and inefficiencies in procurement. RFQ automation software solves these issues with real-time tracking, quote comparison and streamlined workflows. In the world of trading, speed and accuracy are everything. But for many trading companies, one outdated process is silently killing efficiency and costing deals — manual RFQs. If your business still sends Request for Quotations (RFQs) through emails, spreadsheets or PDFs, you’re not alone — and you’re also not scaling. Let’s dive into why manual RFQs are holding trading businesses back, and how automation can help you win more deals, faster. The Hidden Cost of Manual RFQs Manual RFQs may seem manageable when you're handling a few inquiries a week. But as your business grows, this outdated method becomes a bottleneck. Here’s how: 1. Slow Turnaround Time Every ex...