HOUSTON--(BUSINESS WIRE)--
PROS® (NYSE: PRO), a cloud software company powering the shift to modern commerce, has been named to the prestigious Constellation ShortList™ for Configure Price Quote (CPQ), as one of five solutions companies that meet the threshold criteria for the category and companies should consider. Through its research, the ShortList revealed that PROS customers cited the company’s robust pricing capabilities as a competitive advantage.
PROS Smart CPQ automates and simplifies configuration, pricing and quoting processes for sales teams, empowering them to instantly create accurate, personalized solutions for each customer to deliver the most profitable and compelling offers. Using artificial intelligence and machine-learning, PROS dynamic pricing science provides prescriptive insights into willingness-to-pay at the individual customer level, giving sales teams the ability to offer the right product at the right price in real-time for every customer.
“In our research, we find organizations experienced an average time savings of 300% by using CPQ solutions compared with manual quoting processes,” said Cindy Zhou, Constellation Vice President and Principal Analyst. “CPQ software automates the sales-to-close process to ensure quote accuracy, delivery speed, and deal margin/profitability. We recommend organizations with global complexity, multiple distribution channels of 25 or more sellers consider investment in a CPQ solution.”
“PROS Smart CPQ delivers real, tangible value for customers by leveraging advanced machine learning and AI technology to create personalized and frictionless buying experiences, which we believe is the new standard for competing and winning in the era of modern commerce,” said Dan Tolan, PROS Vice President, Product Management. “We are honored to be recognized by Constellation Research, and we appreciate the important role they play in helping technology buyers make informed decisions.”
Constellation considers 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
- Sales accessibility
- Analytics and role-based reporting
- Post-sales support and community
To learn more, visit the PROS website or follow PROS on Twitter at @PROS_Inc.
About Constellation Research
Constellation Research is an award-winning, Silicon Valley-based strategic advisory and futurist research firm. Constellation’s analysts serve as innovation advisors for leaders and Global 2000 organizations navigating the challenges of business-model disruption and transformation. Unlike legacy analyst firms, Constellation works closely with solution providers, partners, and its Constellation Executive Network of innovative buy-side leaders, C-suite executives and board of directors to lead the way in disrupting technology and research coverage areas. The goal – deliver to clients what they need to achieve valuable business results.
About PROS
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.
Forward-looking Statements
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.
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