Powertrak CPQ enhances sales effectiveness by automating the sales quoting, and product configuration and ordering processes.
Minneapolis, MN- July 10, 2014 Axonom, a global provider of cloud-based product configuration and portal software, today announces its listing in the latest issue of Gartner's CRM Vendor Guide 2014 for Configure-Price-Quote Application Suites.
The Gartner CRM Vendor Guide helps IT leaders and others charged with selecting CRM technology a report that features key findings, analysis, and recommendations. The report also evaluates vendors with technology to support sales, e-commerce, marketing, and customer service.
Axonom delivers a strategic element to CRM systems. Its cloud-based Powertrak software enhances CRM platforms with revenue management solutions such as CPQ and Portal to manage the quote-to-cash cycle, and streamline partner and customer interactions and transactions.
According to Gartner, Inc., (NYSE: IT) the world’s leading information technology research and advisory company, in its March 10, 2014 CRM Vendor Guide for Configure, Price, Quote Application Suites, "Configure, price and quote (CPQ) application suites provide an integrated set of software applications supporting the CPQ-generation activities that accompany a solution and negotiated selling. CPQ application suites are also deployed to support self-service sales environments, including business-to-consumer (B2C) and B2B sales environments. CPQ systems typically include, pricing engines, proposal generators, quoting systems, and rules or constraint engines, and are complemented by approval and authorization workflows."
Powertrak is an advanced, end-to-end, configure-price-quote (CPQ) solution that enriches the buying experience. Compared to the typical ordering and quoting processes, Powertrak adds interaction, personalization, and entertainment to the mix. Its Interactive 2D and 3D Designer for product configurations revolutionizes the way businesses sell make-to-order, assemble-to-order, and configure-to-order products.
Gartner, Inc. adds, "Other value-added capabilities include sales content and collaboration systems (potentially with access to social networks), cost estimation functionality, contract management repositories, advanced pricing analytics, 2D and 3D visualization, order-entry integrations, product and pricing data management and revenue management."
With Powertrak, internal sales professionals, and external partners and buyers have tools to custom-build a product or design a room by interactively adding multiple components (parts) and freely arranging to their satisfaction. The interactive interface enables users to manipulate 3D and 2D product models by dragging-and-dropping parts, repositioning parts, changing colors, and viewing it from multiple angles. The price of items placed in the visual rendering are applied to the quote and/or order.
"We continue to hear from our customers that an interactive, engaging, and educational quoting and ordering experience for distribution partners and end-customers is becoming strategic to their business," said Mike Belongie, COO at Axonom. "When they see how Powertrak delivers that experience in a single, cloud-based platform, at a fraction of the cost of competing solutions, they know they’ve found the right partner."
Wallenius Wilhelmsen Logistics, a provider of innovative and sustainable global shipping and logistics solutions for manufacturers of cars, trucks, heavy equipment and specialized cargo, selected Powertrak CPQ and Portal to run its global quoting and ordering processes. "After careful consideration, we selected Powertrak CPQ and Portal based on the solution strength, team expertise, and project approach and cost," said Michael Palumbo, director sourcing and vendor management, IT global applications support and development at Wallenius Wilhelmsen Logistics.
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 enables companies to 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, service revenue management, hassle-free payment options, and a worldwide presence.
Enriched with mobile extendibility, the Powertrak solution suite includes: Configure-Price-Quote (CPQ), Interactive 2D and 3D Product Configurator, Customer and Partner Portals, Design Win, Forecasting, Service Revenue Management, and SaaS Recurring Revenue Management. By delivering more transactions more efficiently through channels at a lower cost, Powertrak helps customers achieve greater profit potential.