Oracle named a Leader in the 2023 Gartner® Magic Quadrant™ for Configure, Price and Quote Applications

January 2, 2024 | 4 minute read
Carrie West
Senior Product Marketing Manager, Oracle Advertising and CX
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It’s no secret that buyer behavior has undergone a transformation. Buyers have higher expectations and want the freedom to make purchases whenever, wherever, and however they prefer. This seismic shift is pushing B2B businesses to crank up their revenue transformation efforts and deploy innovative business models that promise recurring revenue streams, flexible pricing, and a mix of physical goods and services. 

However, sealing those game-changing deals isn’t easy, especially when it comes to dealing with the tedious, manual aspects of the quoting process. Crafting spot-on quotes can be a real puzzle for sellers, especially when tackling high-value deals with intricate combinations of products and services. It's time to bid adieu to those dusty old quoting platforms and empower your sellers to create quotes with the utmost ease.

See why Oracle was named a Leader in the 2023 Gartner Magic Quadrant report. Download your copy today!

Oracle is a Leader in the 2023 Gartner Magic Quadrant for Configure, Price, Quote (CPQ)

Oracle is proudly a Leader in the Gartner Magic Quadrant report for the seventh consecutive year. Gartner evaluated 16 vendors this year. Oracle, once again, is positioned as a Leader.

With the rapid evolution of customer’s quote to cash ecosystems, we are proud to be a Leader in the 2023 Gartner Magic Quadrant for CPQ for the seventh time.

Oracle continues making significant development investments in CPQ to enable organizations to easily transform from one-time sales of products or services to more profitable recurring revenue models and continually evolve by testing, trialing, and learning from go-to-market efforts exposed across any sales channels. CPQ enables this business transformation with automation, greater guidance, and leveraging data and intelligence from the Oracle ecosystem to make better, more informed deals that are more profitable.
 

Kartik Raghavan, SVP of Sales, CPQ and Subscription Cloud Development

Simplify your sales processes to foster better customer relationships

Oracle Configure, Price, Quote is a flexible, scalable CPQ solution that optimizes the selling process for faster sales cycles, margin expansion, improved control, and better customer experience. Oracle CPQ has more than 20+ years of development investment to create a proven, mature enterprise-grade solution already used by many of the largest companies around the world, including the Oracle Corporation itself.

One of Oracle’s many strengths is our ability to seamlessly integrate with other applications that make your business flourish. Integrating CPQ into your ERP and CRM systems enables automation throughout the sales process, freeing your reps from the shackles of administrative tasks and giving them more time to do what they do best – sell.

But, Oracle CPQ isn't just about sealing the initial deal. It's about nurturing and strengthening customer relationships beyond the first transaction and supporting subscription orders. Our user-friendly applications are a perfect match for the on-the-go lifestyle, whether you're on your computer or using a mobile device.

Turbocharge your revenue and streamline business processes

With Oracle Configure, Price, Quote (CPQ), you can expect to benefit by:

  • Improving seller efficiency with real-time pricing and configuration data, plus customer intelligence.
  • Using artificial intelligence (AI) to recommend products and guide sales reps through up-sell and cross-sell opportunities.
  • Ensuring profitable deals by discounting controls and with strategically defined pricing parameters.
  • Creating 100% accurate quotes so orders flow seamlessly downstream to fulfillment and billing processes.
  • Generating renewals and standardizing contracts to maximize continued engagement and margin.

Learn more about Oracle Configure, Price, Quote (CPQ)

Gartner, Magic Quadrant for Configure, Price and Quote Applications Published 11 December 2023. Analysts: Mark Lewis, Dayna Radbill

GARTNER is a registered trademark and service mark, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Oracle.

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.

Carrie West

Senior Product Marketing Manager, Oracle Advertising and CX

Carrie West is a Senior Product Marketing Manager at Oracle. Focused on go-to-market initiatives for Oracle Sales, Carrie has extensive experience in setting strategy, driving execution, and obtaining measurable ROI for marketing and sales initiatives.


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