PROS Named Only Challenger in the 2020 Gartner Magic Quadrant for Configure, Price and Quote Application Suites
PROS Recognized for Completeness of Vision and Ability to Execute
PROS, a provider of AI-powered solutions that optimize selling in the digital economy, announced that it has been recognized as a Challenger by Gartner, Inc. in its 2020 Magic Quadrant for Configure, Price and Quote (CPQ) Application Suites. PROS is the only vendor positioned within the Challengers quadrant based on completeness of vision and ability to execute.
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“PROS delivers intelligent quote-to-cash capabilities that support fast and personalized selling experiences through direct or indirect sales teams and through eCommerce, helping drive increased revenue and improved business outcomes.”
“To us, being positioned as a Challenger in this year’s Magic Quadrant is a great honor,” said PROS President and Chief Executive Officer Andres Reiner. “We believe this positioning is clear evidence of our ability to execute and align with the needs of today’s B2B organizations, embracing digital selling solutions that accelerate sales cycles and deepen customer relationships in order to remain competitive in the market.”
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Configure, price and quote (CPQ) applications enable sales organizations to automate and optimize the creation of quotes and the capture of orders1 and are part of an overall technology ecosystem enabling the quote-to-cash business process. They ensure sales organizations can sell complex products or services more quickly in highly personalized ways to meet customer expectations.
PROS Smart CPQ is part of the PROS Platform, a SaaS solution set that enables businesses to embrace the power of digital selling, to maximize revenue, capture maximum customer wallet-share and offer a better customer buying experience across all go-to-market channels.
“In this post-COVID era, digital selling capabilities are now essential to meet the needs of today’s buyer,” said Loretta Faluade, PROS Solution Strategy Director. “PROS delivers intelligent quote-to-cash capabilities that support fast and personalized selling experiences through direct or indirect sales teams and through eCommerce, helping drive increased revenue and improved business outcomes.”
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