Oracle Named A Leader In 2023 Gartner Magic Quadrant For Configure, Price, Quote Applications For Seventh Consecutive Year
Oracle News, Wednesday, January 31st, 2024
Report highly rated Oracle Configure, Price, Quote (CPQ) for 'Completeness of Vision' and 'Ability to Execute'
Oracle has been named a Leader in the 2023 Gartner Magic Quadrant for Configure, Price, and Quote Applications for Oracle Fusion Cloud Configure, Price, Quote (CPQ), part of Oracle Fusion Cloud Customer Experience (CX), for the seventh consecutive year. A copy of the report is available here.
Gartner defines configure, price, and quote (CPQ) applications as software that enables sales organizations to automate and optimize the creation of quotes and capture of orders. Of the 16 companies evaluated, Oracle was recognized as a Leader based on 'Completeness of Vision' and 'Ability to Execute.'
'Many organizations still require their salespeople to navigate complex technical and process challenges to serve their customers. As a result, salespeople spend too much time on making quotes rather than making quota,' said Kartik Raghavan, senior vice president, applications development, Oracle. 'With Oracle CPQ, salespeople can quickly configure and price complex products or services, while avoiding errors and taking advantage of upsell, cross sell, and renewal opportunities. We believe that being named a Leader acknowledges our on-going investment in CPQ and our commitment to helping organizations maximize revenue and improve operational efficiency."