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November 20, 2019
Gartner Names Oracle a Leader for Third Consecutive Year in the Magic Quadrant for Configure Price and Quote Applications Suites
Gartner has recognized Oracle as a Leader, positioned highest in Execution in the 2019 Magic Quadrant (MQ) for Configure, Price and Quote Application Suites. Analysts Mark Lewis and Christina Klock analyzed sixteen vendors and placed each in one of four categories: Leader, Challenger, Niche Player, or Visionary. This is the third year in a row that Oracle was placed a Leader.
Oracle believes that placement in the leaders’ quadrant in the Gartner Magic Quadrant for Configure, Price and Quote Applications Suites provides confirmation of Oracle’s CPQ market position that is the result of nearly two decades of continuous development investment against a visionary roadmap and the sophistication of a global Solution Implementation partner network. The real story though is underscored in the Gartner report by the premier placement on the ‘execution’ axis, is the value our customers get out of the Oracle CPQ Cloud solution. You can read the 12 ways Configure, Price, and Quote (CPQ) provides value in the recently published Oracle CX Blog post series.
- No. 1: Sell Faster
- No. 2: Five Ways to Control Margins
- No. 3: Better Looking Quotes and Proposals
- No. 4: Error Free Orders
- No. 5: Guided Selling
- No. 6: Improve the Deal Approval Process
- No. 7: Maximize Sales Opportunities
- No. 8: Asset Based Ordering
- No. 9: Five Ways to Reduce Administration
- No. 10: Insights Through Analytics
- No. 11: Auditability
- No. 12: Simplify the Complex
How does Oracle CPQ stack up in the market? According to us, the position as a Leader in the Gartner CPQ MQ is one indication of the many strengths of Oracle CPQ that include;
- Oracle CPQ has proven performance at vast enterprise scale with customers who have complex requirements, lots of users, and high volumes of transactions.
- Oracle offers a Total Commerce suite of CX products that provide the benefit of being architected on a robust platform with capabilities around Adaptive Intelligence, analytics, extensibility, collaboration and seamless integration. CX platform innovations allow CPQ to address challenges faster and more effectively than other vendors.
- CPQ features such as Deal management, Price Optimization, System Configuration, Subscription Ordering and Subscription Management provide elegant solutions to business challenges that customers may not realize they have.
- Oracle's resources and robust software development practices ensure that CPQ Cloud invests more in development of the CPQ product than any other vendor, thus rendering the solution more valuable year after year.
- Oracle CPQ is supported around the world with local presence in almost every continent and country and provides customers with follow-the-sun, product-dedicated support personnel. Oracle's world-wide training and partner network ensure that CPQ Cloud customers have access to skilled, experienced implementation expertise.
Oracle Configure, Price, and Quote - The CPQ Solution to Trust
Interested in digging deeper into the advanced functionalities of Oracle’s CPQ that enable successful sales transformation projects for customers around the globe? Contact us. We’ll be happy to show you how you can leverage Oracle CPQ to improve your bottom line.
Click here to read the 2019 Gartner Magic Quadrant for Configure, Price and Quote Application Suites
Click to read about Oracle Configure Price Quote
Read the Executive Paper The Financial Impact of Selecting the Wrong CPQ Solution
Gartner Magic Quadrant for Configure, Price and Quote Application Suites, Christina Klock, Mark Lewis, 28 October 2019- 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 or other designation. 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.