IBM Sterling Configure, Price, Quote vs. Verenia CPQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IBM Sterling Configure, Price, Quote
Score 7.6 out of 10
N/A
IBM Sterling CPQ transforms and automates configuration, pricing and quoting of complex products and services.N/A
Verenia CPQ
Score 9.1 out of 10
N/A
EosCPQ is a cloud-based configuration, pricing, and quoting software solution offered by Verenia. EosCPQ includes features such as a powerful rules engine, dynamic product visualization options, and web lead generation with product configuration / quote forms.N/A
Pricing
IBM Sterling Configure, Price, QuoteVerenia CPQ
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
IBM Sterling Configure, Price, QuoteVerenia CPQ
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
IBM Sterling Configure, Price, QuoteVerenia CPQ
CPQ
Comparison of CPQ features of Product A and Product B
IBM Sterling Configure, Price, Quote
10.0
9 Ratings
15% above category average
Verenia CPQ
9.7
3 Ratings
12% above category average
Quote sharing/sending10.09 Ratings9.83 Ratings
Product configuration10.09 Ratings9.43 Ratings
Configuration options10.09 Ratings9.83 Ratings
Pricing rules10.09 Ratings10.03 Ratings
Price adjustment10.09 Ratings00 Ratings
Purchase history and open contracts10.09 Ratings00 Ratings
Guided selling/Sales portal10.09 Ratings9.63 Ratings
CPQ reporting & analytics10.09 Ratings00 Ratings
CPQ-CRM integration10.09 Ratings9.43 Ratings
Attachments to quotes10.09 Ratings00 Ratings
Order capturing10.09 Ratings00 Ratings
Best Alternatives
IBM Sterling Configure, Price, QuoteVerenia CPQ
Small Businesses
QuoteWerks
QuoteWerks
Score 9.2 out of 10
QuoteWerks
QuoteWerks
Score 9.2 out of 10
Medium-sized Companies
QuoteWerks
QuoteWerks
Score 9.2 out of 10
QuoteWerks
QuoteWerks
Score 9.2 out of 10
Enterprises
SAP Sales Cloud
SAP Sales Cloud
Score 8.2 out of 10
SAP Sales Cloud
SAP Sales Cloud
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
IBM Sterling Configure, Price, QuoteVerenia CPQ
Likelihood to Recommend
9.5
(9 ratings)
9.0
(3 ratings)
Support Rating
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
IBM Sterling Configure, Price, QuoteVerenia CPQ
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.
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Verenia
I recommend this software to all companies that make their own products, as it helps them with all the sales management, from product creation, details, and features, to sales with customers, invoicing, and budgeting. It has worked very well for us and we have had no major problems.
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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.
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Verenia
  • Verenia CPQ gives us the facility to configure a product at the moment of viewing it in our end user delivery, under the option of being able to build a code of the final product and that this is done step by step.
  • Verenia CPQ has an incredible system which gives to enjoy every moment using the program, being able to automate all the training sessions with a continuous support contributing to the tranquility of each client.
  • Verenia CPQ allows us to go deep through great solutions, based on the creation of hundreds of systems that have been successful over time.
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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.
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Verenia
  • Bringing existing products into the software was a long and tedious process. We had many customers and products at the time we purchased the software, so getting them all into the software took a long time. I wish they could make this process go faster.
  • We wanted to integrate the software with our CRM program to bring everything into the same system and it was impossible until technical support helped us and we were able to solve it.
  • The configuration of the product, although very detailed and very specific, is also long and sometimes even complicated, we would like the process to be more automatic.
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Support Rating
IBM
Timely and courteous response time from IBM Support any time there was a request that needed to be made.
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Verenia
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.
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Verenia
No answers on this topic
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.
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Verenia
  • Verenia CPQ has expanded us in the current business making our profits surpass records from several years ago.
  • All of our employees feel secure and confident because of all the tools that Verenia CPQ has given us over the years.
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ScreenShots