November 7, 2018 by Alex Cohen
SAN MATEO, CA – November 7, 2018 – Apttus, the global Middle Office leader, today announced that independent research and advisory firm Gartner, has named the company a Leader once again in the November 2018 Magic Quadrant for Configure, Price and Quote Application Suites. Apttus is positioned highest for ability to execute in the Leaders’ quadrant. Gartner evaluated 16 CPQ vendors based on their ability to execute and completeness of vision. The report states, “Gartner clients are almost uniformly seeking to procure cloud/SaaS CPQ software solutions.”
For more than a decade, Apttus’ CPQ solution has helped enterprises improve generation of new leads, identify cross-sell/up-sell opportunities and accelerate sales cycle times by a factor of five or more. As a result, Apttus customers streamline global revenue generation processes, increase sales effectiveness, optimize margins and ultimately spur greater growth across the entire Quote-to-Cash operation.
“After we implemented Apttus CPQ, the functionality of our quotes for our sales reps was dramatically improved,” said Jack Borland, sales operations manager at Wolters Kluwer, a global company that provides information, software, and services. “The ability to take a quote and present it with the appropriate legal terms and conditions relevant to a customer buying in, in a specific fashion, is a tremendous benefit.”
“The space between CRM and ERP is the heart of every enterprise business, where revenue is determined and realized,” said Apttus’ Executive Chairman David Murphy. “Apttus CPQ is a core building block for customers in the Middle Office space, and it is the most advanced solution in our industry. We believe that Gartner’s Magic Quadrant recognition of Apttus as a Leader for the second consecutive time validates our effort to provide a world-class solution and experience for our customers.”
- For an analysis of the CPQ market and to view Apttus’ placement as a Leader, get your complimentary copy of the 2018 “Magic Quadrant for Configure, Price and Quote Application Suites”
- Learn more about Apttus’ vision for CPQ in The Ultimate Guide to Configure Price Quote
- Additional Analyst Reports featuring Apttus are also available here
Gartner, Magic Quadrant for Configure, Price and Quote Application Suites, Christina Klock, Mark Lewis, Melissa Hilbert, 5 November 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Apttus is a Silicon Valley-based global provider of The Intelligent Middle Office, a platform that allows enterprises to automate and optimize their most critical revenue and commercial relationship management processes. Apttus is powered by the most advanced technologies from Salesforce, Microsoft and IBM. Analysts rank Apttus as the global gold standard for Quote-to-Cash (QTC) and Contract Lifecycle Management (CLM) solutions. Apttus’ innovations include Max, the company’s Applied Artificial Intelligence that enables enterprises to achieve superior business outcomes. Apttus partners with a world-class ecosystem. Apttus customers include hundreds of the world’s mid-sized organizations and the who’s who of the Global 1000.