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IBM Sterling Configure, Price, Quote vs. Smartpricing.cloud

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    IBM Sterling Configure, Price, Quote

    Score8 out of 10
    N/AIBM Sterling CPQ transforms and automates configuration, pricing and quoting of complex products and services.N/A

    Smartpricing.cloud

    Score9.1 out of 10
    Enterprise companies (1,001+ employees)
    Smartpricing is a pricing management solution for dynamic retail pricing using a machine Learning (ML) data-driven approach, helping to increase gross margins by 5-15% depending on a product category, and up to 6% in average for a retail chain. It covers key pricing tasks with an emphasis on competitive pricing with the ability to optimize revenue and income in general and by product category. Pricing based on three strategies which are maximizing revenue, maximizing gross income and a…

    $2,500

    per month per installation

    Pricing
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    Editions & Modules
    No answers on this topic
    Standard
    $2,500
    per month per installation
    Optimal
    $5,500
    per month per installation
    Unlimited
    $9,500
    per month per installation
    Offerings
    Pricing Offerings
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup fee$9,500 one-time fee per installation
    Additional Details—SmartPricing software licenses are provided on a subscription basis for a minimum period of one year. The subscription price consists of fixed and variable parts. The calculation of the price of license fees is dependent on the customer requirements and the size of an assortment range and numbers of stores.
    More Pricing Information
    Community Pulse
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    Considered Both Products
    IBM
    No answer on this topic
    myRetailStrategy
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    9 Answers
    No answers on this topic
    Delivers good value for the price
    100%
    Delivers good value for the price
    9 Answers
    No answers on this topic
    Happy with the feature set
    100%
    Happy with the feature set
    9 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    100%
    Lived up to sales and marketing promises
    8 Answers
    No answers on this topic
    Implementation went as expected
    100%
    Implementation went as expected
    9 Answers
    No answers on this topic
    Features
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    CPQ
    Comparison of CPQ features of IBM Sterling Configure, Price, Quote and Smartpricing.cloud
    Feature
    IBM Sterling Configure, Price, Quote
    10.0
    9 Ratings
    13% above category average
    Smartpricing.cloud
    -
    Ratings
    Quote sharing/sending10.09 Ratings00 Ratings
    Product configuration10.09 Ratings00 Ratings
    Configuration options10.09 Ratings00 Ratings
    Pricing rules10.09 Ratings00 Ratings
    Price adjustment10.09 Ratings00 Ratings
    Purchase history and open contracts10.09 Ratings00 Ratings
    Guided selling/Sales portal10.09 Ratings00 Ratings
    CPQ reporting & analytics10.09 Ratings00 Ratings
    CPQ-CRM integration10.09 Ratings00 Ratings
    Attachments to quotes10.09 Ratings00 Ratings
    Order capturing10.09 Ratings00 Ratings
    Best Alternatives
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    Small Businesses
    QuoteWerks
    Score9.8 out of 10
    No answers on this topic
    Medium-sized Companies
    QuoteWerks
    Score9.8 out of 10
    No answers on this topic
    Enterprises
    Agentforce Revenue Management
    Score8.6 out of 10
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    Likelihood to Recommend
    9.5
    (9 ratings)
    9.1
    (1 ratings)
    Support Rating
    10.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    IBM Sterling Configure, Price, QuoteSmartpricing.cloud
    Likelihood to Recommend
    IBM
    Were it not for the fact that IBM CPQ lacks mobile and tablet applications, I would have recommended it 100%. However, I still have that 99% recommendation rate since this solution has saved us a lot by allowing us to close more sales within a short period by creating a channel where we collaborate with customers by offering coupons, sending price lists and orders.
    Incentivized
    Read full review
    myRetailStrategy
    Smart pricing works very well to improve your overall gross margin. It is a tool for retailers with a large number of skus, where the analysis of skus and categories is complex.Effectiveness could decrease if there are few transactions for analysis.
    Read full review
    Pros
    IBM
    • Firstly, IBM CPQ makes it easy for customers to make rapid products purchases through configuration, pricing and ordering processes.
    • Centralizing selling procedure in one platform by communicating products pricing to clients.
    • Improving ROI by attracting customers when discounts are introduced on products as well as offering coupons.
    Read full review
    myRetailStrategy
    • Define max price
    • Elasticity accuracy
    • Increase margin
    • Promotional pricing manage
    Read full review
    Cons
    IBM
    • Unfortunately, IBM CPQ does not have on-premises applications to use while not connected to the internet. This is no more a challenge since we have a robust WIFI connection in our organization premises.
    Incentivized
    Read full review
    myRetailStrategy
    • Integrantes with ERP to change price automatic
    • Spanish interface
    Read full review
    Support Rating
    IBM
    Timely and courteous response time from IBM Support any time there was a request that needed to be made.
    Incentivized
    Read full review
    myRetailStrategy
    No answers on this topic
    Alternatives Considered
    IBM
    There are tons of Configure, Price and Quote software, but I have not used a lot of them. However, unlike IBM CPQ, HubSpot Sales Hub isn’t operated in compliance with any ISO standards and secured in a data center making it easy to leak customer sensitive data such as payment details.
    Incentivized
    Read full review
    myRetailStrategy
    Best cost benefit ratio LATAM IT support
    Read full review
    Return on Investment
    IBM
    • Reporting analytics help us to transform static data into real-time insights that enable us to determine company financial standing.
    • Data recovery and backup have maintained and governed vital organization data from catastrophes.
    • Pricing, configuration, and quotation procedures enables us to automate selling channel that help customers make rapid informed decisions.
    Incentivized
    Read full review
    myRetailStrategy
    • Increase Gross Margin in 5%
    Read full review
    ScreenShots

    Smartpricing.cloud Screenshots

    Product screenshotProduct screenshotProduct screenshot