Name: What is Configuration Lifecycle Management (CLM)?
Uploaded: 2019-11-26T08:00:49.000Z
Duration: 52 s
Description: What is Configuration Lifecycle Management (CLM)?

Customer Success

Help Desk

Web and Video Conferencing

Customer Support

Classroom Management

Education

Business Intelligence (BI)

Calendar

Collaboration

Communications Platform as a Service (CPaaS)

Org Chart

Visual Collaboration

Workspace Planning

Enterprise

Accounting

Digital Banking

Financial Planning and Analysis (FP&A)

Loan Origination

Finance and Accounting

Applicant Tracking

Benefits Administration

Corporate Learning Management

HR Management

Leadership Development

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Server

Browser

Bug Bounty

Cloud Storage

Composable Infrastructure

Data Center Infrastructure Management

Deception Technology

Enterprise Architecture Management

Fraud Detection

Industrial IoT

Integration Platform as a Service (iPaaS)

MLOps

Machine Learning

Monolithic Frame-based Disk Arrays

Network Performance Monitoring

SQL Server Performance Monitoring

Security Awareness Training

Service Desk Outsourcing

Smart Contracts

Software Defined Networking (SDN)

VoIP Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Customer Advocacy

Demand-Side

Digital Analytics

Email Marketing

Event Registration

Grant Management Software

Market Research

Marketing Automation

Social Media Management

Social Media Monitoring

Survey & Forms Building

Usability Testing

Video Marketing

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Multichannel Retail

Sales Email Tracking

Sales

Cloud-Native Application Protection Platforms

Security

Dealer Management

Medical Scheduling

Real Estate

Rental Property Management

Utilities

Vertical-Specific

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Efficient CPQ Software: Many users have praised Configit Quote for being a highly efficient and advanced CPQ software that surpasses its competitors. It offers compilation-based configuration technology, which makes it easy to create quotes for goods. The software also provides basic functionality out of the box, allowing for a quick start.

Versatile Configuration Options: Users have found Configit Quote versatile as it allows modification of output according to specific needs and usage requirements. They appreciate offline mode and SAP integration features offered by the software.

Intuitive User Interface: Several users have appreciated the intuitive user interface provided by Configit Quote. They find the color-coded feedback highlighting any conflicts or errors in the configuration process helpful. The software's ability to analyze configuration rules in the debugger to identify conflicts is also well-received by many reviewers.

Complexity: Some users have found Configit Quote to be complex and difficult to use. They have suggested that a Digital Adoption or walk-through help would be highly recommended to navigate the complexity. Some users also found it difficult to learn how to use the software.

Lack of Features: One user mentioned there was not enough copy and paste functionality in the software. The interface between Structural and resource view needs improvement, according to another user. One user suggested that the functionality of custom variable properties needs betterment.

Steep Learning Curve: Some users expressed difficulty learning how to utilize Configit Quote effectively, suggesting that a built-in 1st-time tutorial, similar to those seen in mobile apps, would be helpful. Another user requested more options for deep understanding of the product, such as live tutorials.

Oracle Sales guides sellers with intelligent recommendations to help them focus on the most valuable prospects at the right time. These machine learning-based CRM selling tools center around clean, complete customer data from internal and external sources.

Professional

Standard

Premium

Oracle Sales

Configit Quote

Price Quoting/Configuration software (CPQ) is designed to optimize sales processes such as configuration, opportunity management, bid and quote generation, and order confirmation.

Likelihood to Recommend

Likelihood to Renew

Configit is a Copenhagen-based independent software vendor that offers third generation configuration solutions to companies with product configuration needs. The configurators are used for exploring the variance in product development, for sales configurations, and for maintenance, service and overhaul of complex products.

Configit

What is Configuration Lifecycle Management (CLM)?

Configuration Lifecycle Management (CLM) aligns every business function that touches configured products; from engineering and sales, to manufacturing and service; to one single source of configuration truth.

With Configit’s multi-patented Virtual Tabulation® technology and advanced configuration modeling tools, companies can define a master set of configuration data and rules for use across the enterprise.

Features related to configuring and pricing products and delivering quotes to customers.

Quote sharing/sending

Salespeople can share quotes and quote details with customers, via email, a customer portal, a personalized URL, or some other means.

Credit approvals

Allows customers to input credit information, which can be checked and approved or declined. Credit score may factor into the quote.

E-signature

Includes electronic signature functionality so that proposals can be approved and signed digitally.

Product configuration

Allows users to configure products and services by selecting bundles, constraints, options, preferences, etc.

Configuration options

Supports a robust, comprehensive level of detail around configuration options, including product features, services, quantity, etc. Options take into account availability and compatibility of selections.

Pricing rules

Determines price based on rules and hierarchies. Rules may consider customer demographics, availability, and/or product configuration.

Price adjustment

Sales users can adjust or override prices, based on coupons, discounts, markups, etc.

Purchase history and open contracts

Provides information about a customer’s previous purchases and current purchase/service agreements, which may factor into new sales or need to be modified to account for new sales.

Guided selling/Sales portal

Provides salespeople with tips, recommendations, or question sequences to help with product configuration and quoting, and/or to assist with cross-sell and upsell.

Self-service CPQ

Includes an interface for customers to select product options and generate their own quotes; this is particularly relevant to eCommerce.

CPQ reporting & analytics

Users can report on and analyze CPQ processes. Metrics may include quoting cycle time, proposal acceptance rates, revenue, etc.

Proposals

Allows users to generate/automate sales proposals.

Excel integration

Integrates with Excel so that quotes can be generated on spreadsheets using underlying CPQ rules.

CPQ-CRM integration

Integrates to the company’s CRM to update the customer record.

Attachments to quotes

PDFs, contracts, videos, etc can be attached to quotes and/or proposals.

Renewal management

Includes features for managing renewals and recurring (subscription) payments.

Order capturing

Allows the capture of orders of complex services and across multiple customer interaction channels such as - direct sales, contact center, point-of-sales, resellers, and customer self-service.

Business Process Manager

Configit Quote 2014-02-07 07:08:29

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TrustRadius

Integration with sap

Intuitive interface

Home

CPQ Software

It effectively and efficiently enables the sales management of the company.

Integration with SAP
Intuitive Interface
Focus on Information rather than Transactional Processing

I am not sure since I haven't had a direct involvement with the product for a long time

Reduced Quote to Order Lead Time
Reduction in Production Errors for configurable Products
Increased understanding of Customer Requirements and elimination of re-work throughout the supply chain