Gartner Positions KBMax on the Magic Quadrant for Configure, Price and Quote Application Suites
Evaluation Based on Completeness of Vision and Ability to Execute
AUSTIN, Texas, Oct. 30, 2019 /PRNewswire-PRWeb/ -- KBMax, a next-gen CPQ solution with interactive visualization and CAD automation, today announced it has been positioned by Gartner, Inc. on the "Magic Quadrant for Configure, Price and Quote Application Suites."[1] Gartner defines a CPQ application suite as a solution that enables sales organizations to streamline and optimize the creation of orders for complex, configurable products or services. Frontrunners in this category support the selection, configuration, pricing and quoting of products; along with the creation and negotiation of quotes, and the capture of orders across multiple channels of customer interaction.
The report evaluated 16 vendors according to 15 criteria, and placed KBMax in the "Niche Players" quadrant.
"Our positioning on the Magic Quadrant by Gartner validates our place at the forefront of digital transformation," said Kevin Bennett, CTO and Co-founder of KBMax. "Manufacturers have potential to sell more, faster with the right tools. We're proud to say that our solution is helping more companies realize that."
According to Gartner, the report's view of the CPQ market is forward-looking, as it is focused "not on the market as it is today, but on CPQ technology that will contribute to digital business strategies and outcomes." Gartner recognized KBMax's visual configuration technology, B2C business models and visual block programming called Snap as strengths in this regard.
"KBMax excels in helping companies streamline processes across sales, engineering and manufacturing while offering a user-friendly buying experience." said Bennett. "We're honored to be recognized among the industry's best as our solution powers brands that are looking to compete in the age of 4IR."
[1] Gartner "Magic Quadrant for Configure, Price and Quote Application Suites" by Christina Klock, Mark Lewis, 28 October 2019.
About Gartner Magic Quadrant
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.
About KBMax
KBMax is redefining CPQ and ecommerce for manufacturers globally. Their product configurator can handle complex business rules, visualization, real-time pricing, CAD automation and website embedding. This end-to-end solution results in an awesome buying experience, a faster sales cycle and a more efficient manufacturing process. For more information, go to kbmax.com.
SOURCE KBMax
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