Pros vs Oracle CPQ

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Our analysts compared Pros vs Oracle CPQ based on data from our 400+ point analysis of CPQ Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

PROS is an integrated solution that offers intelligence for commerce. It provides robust product catalogs, performance quote management, sales insights, market segmentation and customer-specific price optimization. Product and service configurations, streamlined agreements, omnichannel price management and real-time price delivery are some of its notable offerings. Users can engage with customers and sell personalized offerings using AI-powered technology. It provides a dedicated mix of CRM, eCommerce and an API for operational improvement.

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Oracle CPQ is a cloud-based software solution aimed at streamlining the quote-to-cash process for businesses selling complex products or services with various configurations and pricing options. It assists salespeople in quickly and accurately generating professional quotes by guiding them through product selection, configuration, pricing, and approval workflows. This can lead to faster sales cycles, reduced errors, and improved customer satisfaction. Oracle CPQ is most suitable for companies with complex sales processes, intricate product offerings, and a need for accurate and consistent pricing. Key benefits include increased efficiency, improved accuracy, enhanced customer experience, and better sales performance. Popular features include guided selling, product configuration rules, dynamic pricing, and integration with leading CRM and ERP systems. User reviews highlight the ease of use, intuitive interface, and robust functionality. However, some users report occasional performance issues and limited customization options compared to competitors. Pricing varies depending on the specific configuration and number of users. It typically follows a subscription model with annual or monthly fees based on the chosen plan.

Pros
  • Fast and responsive UI
  • Easy to learn and use
  • Handles complex products
  • Streamlines sales process
  • Improves accuracy and efficiency
Cons
  • Limited customization options
  • Can be expensive
  • Occasional performance issues
  • Steep learning curve for complex configurations
  • Limited analytics capabilities
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    $60/User, Monthly
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    $240 Monthly
    Free Trial is unavailable →
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    Tailored to your specific needs
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    Cloud
    On-Premise
    Mobile
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    Product Assistance

    Documentation
    In Person
    Live Online
    Videos
    Webinars
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    Videos
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    Email
    Phone
    Chat
    FAQ
    Forum
    Knowledge Base
    24/7 Live Support
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    24/7 Live Support

    Product Insights

    • Accelerate Quoting Processes: Quickly deliver personalized quotes to buyers. Increase deal sizes using AI-based cross-sell recommendations and guided selling. Tailor the offer according to each buyer with price recommendations. 
    • Optimize Contract Management: Streamline the agreement process throughout its lifecycle. Ensure accurate cost data based on fluctuating commodity prices and automatically recalculate prices at the time of renewal. View real-time changes in contracts during amendments. Store all agreements along with terms and conditions in a centralized repository.  
    • Error-free Configurations: Eliminate common errors and accurately configure complex products with visualization tools like 2D, 3D, AR and VR.  
    • Personalized Recommendations: Analyze buying patterns and deliver tailored product recommendations by leveraging AI. 
    • Flexible Catalog: Create a responsive, searchable digital product catalog equipped with cross-selling and upselling recommendations. Incorporate rich media content and region-specific currency. 
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    • Increased efficiency and productivity: Streamline the quote-to-cash process, reduce manual errors, and close deals faster with automated workflows and guided selling.
    • Improved accuracy and consistency: Generate error-free quotes with dynamic pricing, product configuration rules, and real-time data validation.
    • Enhanced customer experience: Provide a faster and more personalized sales experience with interactive proposals, guided product selection, and real-time pricing.
    • Better sales performance: Increase win rates, average deal size, and revenue with improved sales tools, guided selling, and real-time insights.
    • Reduced costs: Save time and money by automating manual tasks, reducing errors, and eliminating the need for manual pricing calculations.
    • Improved data and insights: Gain valuable insights into your sales performance with comprehensive reporting and analytics dashboards.
    • Scalability and flexibility: Adapt to changing business needs with a scalable solution that can grow with your business.
    • Integration with leading CRM and ERP systems: Seamlessly integrate with your existing systems for a unified sales experience and improved data visibility.
    • Global reach and support: Sell across international markets with multi-language support, global pricing capabilities, and international tax rules.
    • Improved collaboration: Foster better communication and collaboration between sales, product, and finance teams with a single platform for managing the entire quote-to-cash process.
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    • Price Optimization: Increase revenue and margin growth through AI-based pricing and segmentation strategies. 
      •  Maintain strategies by building and modifying guided formulas. 
      •  Deliver optimized and personalized pricing based on dynamic demands and market segments. 
      •  Coordinate prices across contracts and clients with a master price list. 
      •  Receive alerts for extreme pricing changes. 
      •  Gain a comprehensive view of pricing data to identify revenue and margin leakages. 
      •  Create, analyze and modify multiple rebate variations and add accrual rules. 
      •  Equip sales reps with customized negotiation price guidance. 
      •  Maintain competitive pricing based on industry standards with real-time data inputs. 
      •  Include dynamic variables in pricing strategies. 
      •  Create scalable and updated pricing lists with a real-time pricing engine add-on. 
      •  Receive price recommendations according to price-volume relationships. 
      •  Expand to e-commerce platforms and incorporate cross-sell recommendations. 
    • Guided Selling: Streamline quote-to-cash processes with sales acceleration modules. Shorten sales cycles and reduce dependency on manual labor through automated sales tasks like lead generation and quoting. 
    • Opportunity Detection: Identify new opportunities, uncover behavior patterns and analyze transactions. Automatically add opportunities to existing CRM systems with supportive insights for every suggestion. Use the forecasting algorithm to detect diminishing buying patterns, taking into account seasonal dips. 
    • Integrations: Connect existing tech infrastructures to CRMs, ERPs, PLMs and ecommerce platforms. Integrates with Salesforce, Adobe, Magento and more. 
    • CPQ: Create accurate, customized and feature-based product configurations. Sales teams can find the right product, manage approvals, calculate prices and generate proposals within the organization’s CRM. 
      • Real-Time Collaboration: Coordinate simultaneously with sales reps and internal pricing crew members. 
      • Self-Service: Clients can configure products on ecommerce platforms based on their requirements. 
      • Performance Analysis: Gain insights into deals and profits with integrated performance tools and waterfall charts. 
      • Visualizations: Incorporate 2D and 3D drawings and augmented reality technologies into quotes. 
      • Documentations: Create tailored sales agreements, proposals, bids, RFPs and terms and conditions. 
    • Security: Ensure data protection with GPR, SOC 2 Type 2, ISO 27001 and Cloud Security Alliance’s Cloud Control Matrix compliance. Provides product, platform and physical security through Final Security Review, stack monitoring, threat protection programs and disaster recovery. 
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    • Guided Selling: Aid sales reps by recommending relevant items and identifying client requirements. Provide customers with self-service functionalities for configurations and purchases. 
    • Configurations: Accurately configure dynamic products and receive the optimal mix through built-in intelligence modules. Use a standard model and reusable rules for customizations. Work with clients to configure products in real time from any device. 
    • Subscription Management: Deliver subscription-specific quotes and configure annuities, license contracts, renewals and support agreements. 
    • Pricing Support: Receive pricing and rebate data according to promotions and regulations in real time. Provides optional discounting, localizations, channel pricing and more. 
    • Analytics: Ensure sales processes are in tandem with company goals through in-depth analytics. Gain an overview of price scoring, KPI comparisons, past trends and predictive win optimization data. 
    • Workflows Management: Automate approval and authorization processes with restrained access at every level. Speed up the process by notifying relevant decision-makers via mobile devices. 
    • Quotes: Build brand-specific quotes and proposals by collating relevant and current data. 
    • Document Designer: Generate elaborate, customized documents including proposals, quotes, datasheets, contracts, engineering documents and work statements. 
    • Contract Management: Create and store detailed, multi-faceted contracts with signatures and approvals routing. Compare and combine deals, highlight specific portions and accept or reject changes. Identify recurring trends through analytical modules 
    • Digital Signatures: Collect legally binding e-signatures through integrations. 
    • Multi-lingual Support: Customize documents by using the built-in multi-language module. 
    • Integrations: Streamline sales-to-order processes and centralize crucial data through connections with CRMs, ERPs, web applications and e-commerce platforms. 
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    Product Ranking

    #3

    among all
    CPQ Software

    #29

    among all
    CPQ Software

    Find out who the leaders are

    Analyst Rating Summary

    77
    83
    67
    67
    95
    95
    60
    100
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    Contract Management
    Price Management
    Product Configurator and Catalog Management
    Dashboard and Reporting
    Platform Capabilities and Security
    Price Management
    Contract Management

    Analyst Ratings for Functional Requirements Customize This Data Customize This Data

    Pros
    Oracle CPQ
    + Add Product + Add Product
    AI-Based Capabilities Contract Management Dashboard And Reporting Mobile Capabilities Platform Capabilities And Security Price Management Product Configurator And Catalog Management Quote Management 67 95 60 19 67 93 85 73 67 95 100 38 100 100 76 84 0 25 50 75 100
    67%
    0%
    33%
    67%
    0%
    33%
    91%
    0%
    9%
    91%
    0%
    9%
    60%
    0%
    40%
    100%
    0%
    0%
    17%
    0%
    83%
    33%
    0%
    67%
    67%
    0%
    33%
    100%
    0%
    0%
    85%
    0%
    15%
    100%
    0%
    0%
    82%
    0%
    18%
    71%
    0%
    29%
    74%
    0%
    26%
    84%
    0%
    16%

    Analyst Ratings for Technical Requirements Customize This Data Customize This Data

    82%
    0%
    18%
    64%
    0%
    36%

    User Sentiment Summary

    Great User Sentiment 128 reviews
    Great User Sentiment 327 reviews
    82%
    of users recommend this product

    Pros has a 'great' User Satisfaction Rating of 82% when considering 128 user reviews from 4 recognized software review sites.

    81%
    of users recommend this product

    Oracle CPQ has a 'great' User Satisfaction Rating of 81% when considering 327 user reviews from 3 recognized software review sites.

    4.1 (84)
    3.9 (223)
    4.5 (2)
    n/a
    4.5 (2)
    4.3 (7)
    4.0 (40)
    4.3 (97)

    Awards

    SelectHub research analysts have evaluated Pros and concluded it earns best-in-class honors for Contract Management.

    Contract Management Award

    SelectHub research analysts have evaluated Oracle CPQ and concluded it earns best-in-class honors for Contract Management, Dashboard and Reporting, Platform Capabilities and Security and Price Management.

    Contract Management Award
    Dashboard and Reporting Award
    Platform Capabilities and Security Award
    Price Management Award

    Synopsis of User Ratings and Reviews

    Integration: 72% of reviewers who mentioned this feature said that the platform easily integrates with CRMs, ERPs and other PROS modules.
    Support: The vendor provides speedy and accurate tech support, as stated by 60% of users mentioning this element.
    Ease of Use: Over 80% of the users who mentioned this aspect appreciated the ease of setting up user administration and managing pricing components.
    Functionality: According to 69% of users who reviewed this feature, the solution offers robust CPQ modules like price guidance, complex configurations and workflow approvals.
    User Interface: 70% of users who reviewed this element mentioned that the UI is user-friendly and loads quickly.
    Configuration: The tool is highly flexible and configurable, according to 83% of reviewers talking about this aspect.
    Automation: All the users who referenced this element said that the platform’s automation capabilities are a standout feature.
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    Streamlined Sales Process: Oracle CPQ automates many manual tasks, such as product configuration and quote generation, leading to faster sales cycles and improved efficiency. This allows sales teams to focus on building relationships and closing deals.
    Increased Accuracy: The platform's guided selling tools and built-in intelligence help prevent errors in product configuration, ensuring accurate quotes and orders. This eliminates the risk of costly errors and improves customer satisfaction.
    Improved Customer Experience: Customers can access product information, configure quotes, and place orders independently through self-service portals. This provides a more convenient and satisfying experience, leading to increased customer loyalty.
    Enhanced Revenue Management: Oracle CPQ provides tools for managing subscription lifecycles, recurring billing, and pricing strategies. This helps businesses optimize revenue generation and maximize profitability.
    Scalability and Flexibility: The platform can be easily scaled to accommodate business growth and adapted to meet specific needs through customization and integrations. This ensures that Oracle CPQ can grow with your business and meet your evolving needs.
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    Implementation: The implementation process can be challenging and requires training for admins, as mentioned by 75% of users reviewing this element.
    Speed and Performance: All the users who reviewed this feature mentioned that the platform has stability issues and could improve its performance.
    Cost: 86% of reviews speaking of cost reported that software maintenance and subscriptions are expensive.
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    Steep Learning Curve: New users may find the interface and configuration process complex, requiring significant training and adoption efforts.
    Limited Customization Options: While configurable, the platform may not offer the level of customization desired by some businesses, potentially hindering workflow integration.
    Limited Reporting Capabilities: Pre-built reports may not meet specific needs, requiring custom development or third-party solutions, increasing costs and complexity.
    Integration Challenges: Seamless integration with existing systems can be complex, requiring additional development work and potentially delaying deployment.
    Costly Implementation: Initial setup and ongoing subscription fees can be significant, especially for larger organizations, making it less accessible for smaller businesses.
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    PROS is an AI-powered solution that assists businesses with quote management, price optimization and complex product configurations. Reviewers have praised its price guidance and application versioning modules. They also liked the flexibility of the click-and-configure feature. Its analytical tool gives a detailed overview of business and price performance. Other well-liked capabilities include third-party integrations, prompt support and process automation. On the other hand, reviewers felt the platform’s speed is quite slow, particularly for workers accessing it off-premises. Some users also noted that the onboarding process is complex and requires a dedicated support team. Overall, PROS is a strong CPQ solution, with automation and analytical capabilities further adding to its functionality. It’s well-suited for SMBs looking to automate their CPQ processes.

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    Reviews of Oracle CPQ offer a mixed perspective, highlighting both its strengths and weaknesses. Many users praise its ability to streamline the sales process and automate tasks, particularly compared to manual methods or simpler CPQ tools. One user noted, "Oracle CPQ saved us an immense amount of time on product configuration and quoting, allowing us to close deals faster." Others commended its accuracy and reduced error rates, citing the platform's guided selling tools and built-in intelligence. A reviewer stated, "With Oracle CPQ, we can be confident that our quotes and orders are accurate, eliminating costly mistakes." However, some users expressed concerns about the platform's complexity and steep learning curve, especially for less tech-savvy teams. One user commented, "The interface can be daunting for new users, and the initial training process is quite intensive." Additionally, some reviewers felt that the customization options were limited compared to competitors like Salesforce CPQ, potentially hindering integration with existing workflows. A reviewer noted, "While Oracle CPQ offers some customization, it's not as flexible as some other solutions, which can make it difficult to adapt to specific business needs." Despite these drawbacks, users ultimately seem to appreciate the value that Oracle CPQ brings to their businesses. Many acknowledge that its strengths, such as automation, accuracy, and scalability, outweigh the weaknesses, especially for large organizations with complex product configurations and high sales volume. One user summarized their experience by saying, "Oracle CPQ is a powerful tool that can help businesses streamline their sales operations and improve efficiency. While it has its learning curve and limitations, the benefits far outweigh the drawbacks, especially for larger companies." Overall, user reviews suggest that Oracle CPQ is a strong CPQ solution with significant potential, but its suitability depends on individual business needs and resources.

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    Screenshots

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