There is a lot more to the process of price quotation as businesses need to figure out how to convert these price quotations into actual revenue. Thankfully, with quote-to-cash software, companies may be able to turn curious buyers into frequent customers. Here are some of the best Q2C software available right now.
14+ Quote-to-Cash (Q2C) Software
1. Salesforce CPQ
2. HubSpot Sales Hub
3. Apttus CPQ Quote-to-Cash
4. Experlogix CPQ
5. CloudSense
6. IBM Sterling CPQ
7. Armatic
8. BlueprintCPQ
9. Pricefx
10. Vendavo
11. QuoteWerks
12. LogiSense
13. ServicePath CPQ
14. Apttus CPQ
15. Pramata
What Is Quote-to-Cash (Q2C) Software?
Quote-to-cash (Q2C) software is a price quotation software where companies manage their revenue sale process system such as quoting prices for sale orders. Quote-to-cash software is used by companies to streamline their sale process in one centralized software.
Benefits
Quote-to-cash software helps companies streamline their sale operations as the centralized nature of the software allows businesses to effectively manage their sales. The software also helps improve the productivity of their sales teams as the software provides solutions that help them create guided decisions to improve their sales revenues. The software also helps sales teams provide a better customer experience as the software also offers solutions to optimize their customer relationship management. The software also helps companies to convert price quotations into real cash that helps them increase their revenue and possibility the profitability of their company.
Features
Quote-to-cash software should provide teams with price quotation software tools that help businesses establish price quotations. The software should also provide order management software tools that help companies manage their sale orders effectively. The software should also provide customer monitoring tools that allow companies to analyze how they interact with their customers which is helpful to improve their relationship with businesses.
The software should also provide compliance management software tools that help businesses manage their legal obligations with sales. The software also provides product configuration tools that help companies establish prices of their software based on the quality of their product. The software should also provide revenue management software tools that help them track their revenues and potential profit. The software should also be able to integrate with CRM software to allow them to execute data exchange.
- Price quotation tools
- Order management tools
- Customer monitoring tools
- Compliance management tools
- Revenue management tools
- Integration with CRM software
Top 10 Quote-to-Cash (Q2C) Software
1. Pramata
Pramata has 265 employees and earns annual revenue of $38.4 million.
2. IBM Sterling CPQ
IBM has 345,900 employees and earned a revenue of $73.62 billion in 2020.
3. CloudSense
CloudSense has 349 employees and earns annual revenue of $50.6 million.
4. Pricefx
Pricefx has 322 employees and earns annual revenue of $46.7 million.
5. Experlogix CPQ
Experlogix has 56 employees and earns annual revenue of $8.1 million.
6. QuoteWerks
QuoteWerks has 53 employees and earns annual revenue of $7.7 million.
7. ServicePath CPQ
ServicePath has around 25 employees and earns annual revenue of $5 million.
8. BlueprintCPQ
BlueprintCPQ has around 25 employees and earns a revenue of around $5 million.
9. Armatic
Armatic has 12 employees and earns annual revenue of $1.6 million.
10. Apttus CPQ Quote-to-Cash
Apttus CPQ Quote-to-Cash is owned and developed by SoftwareConnect, which the parent company has 11 employees and earns annual revenue of $1.6 million.
FAQs
Who would use quote-to-cash software?
Quote-to-cash software is used by sales departments within the company. However, the software isn’t solely used by the sales department as other parts of the company such as customer service and engineering teams can use the software to determine the price of the products they are selling. The software is also used by accountants as the software allows them to track revenue and possible profit of the company.
Is quote-to-cash software a standalone product or a feature of another software?
Quote-to-cash software is offered as a standalone product, although it’s also a feature of other software such as revenue management software and sales software. Some companies prefer to use quote-to-cash software as a standalone product due to its direct quote pricing tools, although some other companies prefer to use the software as a feature of other software for effectiveness and cost-effective reasons.
How much does quote-to-cash (Q2C) software cost?
Pricing for quote-to-cash (Q2C) software can range from $15 per month to $2,499 per month, with some software offering custom pricing. Pricing for quote-to-cash (Q2C) software varies depending on the features available and the intended target users. Small companies may benefit from low-cost quote-to-cash (Q2C) software while large airline companies may benefit from high-cost software.
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