Axonom’s robust product functionality, multiple deployment options, and flexible pricing model fuels record-setting first quarter sales.
Minneapolis, MN- September 19, 2013 Axonom, a global provider of CPQ software solutions that automate revenue generating business processes for high-tech, manufacturing, and service organizations, today reports record 2013 first quarter sales, driven by strong demand for its cloud-based Powertrak Product Configurator and Partner Portal solutions.
Axonom reports record quarter gains in SaaS revenue under contract, new customer adds, and number of licensed users. Fueling the charge was a 350% surge in Powertrak Product Configurator and Partner Portal sales over the prior year’s quarter. The first quarter numbers reflect the company’s commitment to developing and delivering cost-effective, robust cloud and on-premise products to channel-driven organizations.
"We’ve continued to see strong revenue and customer growth year-over-year," said Mike Belongie, COO at Axonom. "But in our 2014 Q1, Powertrak Product Configurator and Portal sales propelled us to our best financial quarter in company history."
Axonom points to its high tech manufacturing focus, comprehensive line of products, and flexible deployment and payment options for the recent spike in sales.
Mr. Belongie adds, "Global manufacturing organizations in the high tech medical, computer software and hardware, and semiconductor industries leverage Powertrak to improve their partner sales experience and performance. Our cost-effective pricing model enables organizations with a large partner population to configure orders with speed and accuracy at a much lower cost."
Powertrak Product Configurator is an award-winning configure, price, quote software solution that efficiently manages the quote-to-cash cycle via the cloud, on-premise or on mobile devices. Powertrak Configurator guides sales users to build sales quotes, make-to-order product configurations, and generate proposals quickly and accurately.
The Powertrak Partner Portal extends business information and processes to external relationships such as customers, partners, distributors, and resellers. Together, the Powertrak Product Configurator and Partner Portal solutions streamline all partner and customer interactions and transactions, thus enabling channel-driven companies to:
- Enhance the partner sales experience and performance
- Improve channel visibility with multi-channel forecasting and pipeline management
- Simplify partner collaboration with deal registration, lead distribution and one-stop information
- Streamline complex quote-to-order and configuration processes
- Extend self-service capabilities
Axonom is an independent software vendor that develops, designs, and markets Powertrak, the innovative B2B revenue management suite for high-tech and manufacturing industries. Powertrak helps companies successfully sell and service to its customers and partners in an environment that requires multi-level relationship tracking, web self-service, partner/dealer loyalty management tools, streamlined quote-to-order processing, time and billing management, hassle-free payment options, and a worldwide presence.
Enriched with mobile extendibility, the Powertrak High-Tech Industry solution suite includes: Customer and Partner Portals, Product Configurator, Design Win, Forecasting, Time and Billing, and SaaS Revenue Management. By delivering more transactions more efficiently through channels at a lower cost, Powertrak helps customers realize greater profit potential.