HOUSTON--(BUSINESS WIRE)--PROS® (NYSE: PRO), a cloud software company powering the shift to modern commerce, today announced it has again been named to the prestigious Constellation ShortList™ for Configure Price Quote (CPQ). PROS Smart CPQ is among five solutions selected by Constellation Research that meet CPQ category criteria and companies should consider in their evaluations.
CPQ software automates the sales-to-close process to ensure quote accuracy, increase delivery speed and enhance deal margin/profitability. Guided selling capabilities were given additional importance during Constellation’s vendor evaluations, based on its clients who have expressed how these attributes help decrease quote mistakes and increase revenue by adding often-forgotten solutions to the quote.
“We see firsthand from our research that CPQ solutions enable companies to achieve an average time savings of 300% compared with manual quoting processes,” said Cindy Zhou, Constellation Vice President and Principal Analyst. “We evaluate more than 20 solutions categorized in this market and select the top five based on client inquiries, partner conversations, customer references, vendor selection projects, marketing share and our own internal research to select the best-of-breed vendors.”
“PROS Smart CPQ automates and simplifies even the most complex configuration, pricing and quoting processes for sales teams with guided selling that enables them to deliver seamless, consistent quotes with far greater channel fluidity,” said PROS Chief Marketing Officer Celia Fleischaker. “We are honored to again receive this recognition by Constellation Research, a further validation of our goal to support the success of sales teams with real-time, actionable insights that help to enhance quote accuracy, delivery speed and profitability.”
Constellation lists the following as threshold criteria for CPQ solutions:
- Ease of use, user interface
- Deal optimization/profitability modeling capabilities
- Integration into CRM systems
- Broad geographical reach for multi-language/currency support
- Workflow management
- Guided selling
- Sales accessibility
- Analytics and role-based reporting
- Post-sales support and community
PROS Holdings, Inc. (NYSE: PRO) is a cloud software company powering the shift to modern commerce by helping companies create personalized and frictionless buying experiences for their customers. Fueled by dynamic pricing science and machine learning, PROS solutions make it possible for companies to price, configure and sell their products and services in an omnichannel environment with speed, precision and consistency. Our customers, who are leaders in their markets, benefit from decades of data science expertise infused into our industry solutions. To learn more, visit pros.com.
This press release contains forward-looking statements, including statements about the functionality and benefits of revenue, profit realization and modern commerce software to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with revenue, profit realization and modern commerce software and its current expectations of the benefits of revenue, profit realization and modern commerce software for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s revenue, profit realization and modern commerce software needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of revenue, profit realization and modern commerce software such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.