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Saturday, 26 July 2014 12:25
Published in Press releases

Sofon receives 'Promising' rating in Gartner's "Marketscope for Configure, Price, and Quote Application Suites"

Sofon recently received a “Promising” rating from Gartner (www.gartner.com) in Gartner’s “MarketScope for Configure, Price, and Quote Application Suites” published May 2, 2013. Sofon was rated Promising based on the following evaluation criteria for the Configure, Price, and Quote report: company's overall viability, customer experience, current products/services, and respective product roadmap and global strategy.
Promising rating
Sofon is delighted about having received the Promising rating from Gartner. Paul Kimmel, CEO of Sofon: “We believe it confirms our continuously improving position in the global CPQ market space. The fact that our customers show high overall satisfaction scores proves that our solutions significantly contribute to accelerating, improving and simplifying the complex solution sales process of our customers.”

CPQ according to Gartner
Configure, price, and quote (CPQ) application suites provide an integrated set of software applications supporting the configuration, pricing, and quote generation activities that go along with solutions and negotiated selling. CPQ application suites are also deployed to support self-service sales environments, including business-to-consumer (B2C) and business-to-business (B2B) sales environments. CPQ systems typically include pricing engines, proposal generators, quoting systems, and rules or constraint engines, and are complemented by approval and authorization workflows (see "Configure, Price, and Quote Tools Help Redefine the Sales Experience"). Configuration tools help salespeople assemble the appropriate product variations and combinations for qualifying opportunities and conducting needs assessment exercises, enabling salespeople to substantially reduce cycle times in responding to prospects' requests. These tools provide help to reduce quote errors, reduce rework and identify the appropriate product combination. Pricing engines and quoting systems aid salespeople by ensuring that they arrive at suitable pricing for specific product mixes or bundles, and that the details concerning initial estimates, confidence quotes and final quotes are represented accurately. 

About the Marketscope
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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