You can create a template from an RFP in a state that's past the Approval stage.
Navigate to the RFP/RFI list on your home page where it shows the number of open RFPs.
Click on Details. You will see two options in the Action Panel on the right hand side. Select Library, verify the information contained in the Description area and then click "Create RFP Template" at the bottom of the panel.
To verify that your template was saved appropriately, click on the Library icon on the left-hand side of your page and Templates. Your newly created template will appear in the alphabetized list.
You can also create a net new template directly from the Library. To learn more click here.