Conga recognized for broad product functionality, strong management team, and overall business growth and profitability
BROOMFIELD, Colo., Jan. 28, 2025 /PRNewswire-PRWeb/ -- Conga, the pioneer and market leader in Revenue Lifecycle Management, today announced MGI Research has recognized Conga as Top Three supplier of CPQ software in MGI's Configure, Price, Quote (CPQ) Market Ratings Report. Conga's MGI 360 Rating was three points higher than the peer average and surpassed the ratings of all but three competitors individually evaluated. Conga was also ranked as one of the highest-rated HyperScale suppliers, meaning the company builds over one million quote or quote line items each month – MGI's highest category of quote and transaction volume.
MGI Research's 360 Ratings are known as the most in-depth assessment of software products and suppliers and help sales, legal, IT, procurement, and finance executives identify the most appropriate business applications for their use cases and distinguish leading suppliers from the laggards. Twenty-five CPQ vendors were evaluated against criteria such as market visibility and growth, innovation, potential to disrupt the market, solution strength and the ability to deliver value, and demonstrated success via customer and partner references.
This recognition serves as a testament to Conga's recently launched AI-powered Conga Advantage Platform, the first fully open and integrated Revenue Lifecycle Management platform, that is already helping users accelerate positive business results worldwide with plans to expand access to additional platforms.
According to the report, "In the past 36 months, Conga has developed a completely new platform, transformed company culture, and is one of the few CPQ vendors capable of delivering large-scale, complex implementations…After an intense period of platform investment, R&D emphasis is now on functionality and infusing AI into the product."
"The MGI Ratings report compared Conga against a very competitive peer group of CPQ suppliers, and Conga CPQ received the highest letter grade possible for rated suppliers;" said Andrew Dailey, Managing Director at MGI Research. "This stamp of approval attests to Conga's commitment to customers, and the growing market need for top-performing revenue management solutions for businesses of all sizes."
Conga's CPQ solution helps businesses streamline the sales process by enabling them to configure complex product offerings, set accurate pricing, and generate precise quotes swiftly. By automating these critical functions, Conga CPQ empowers businesses to reduce mistakes in the sales process and therefore prevent lost deals, accelerate the overall sales cycle, and enhance customer satisfaction. By leveraging Conga's analytics and reporting tools that track real-time performance for better data-driven decisions, sales teams are able to close deals and drive profitable sales quickly, efficiently, and with more accuracy than ever before.
"We are honored to receive this recognition in MGI Research's report," said Noel Goggin, CEO and Culture Leader at Conga. "This underscores our commitment to delivering innovative revenue management solutions for our customers, in a world where businesses are constantly seeking ways to stay competitive. We value our position as a trusted partner to our customers and remain steadfast in providing businesses with the innovative tools they need, like Conga CPQ, to simplify and streamline complex sales processes and drive accelerated revenue certainty."
This news closely follows Conga's recent recognition as a Top Three supplier of CLM software by MGI's Contract Lifecycle Management (CLM) Market Ratings Report for Conga Contract Lifecycle Management (CLM).
To learn more about Conga CPQ, visit: https://conga.com/products/conga-cpq.
About Conga
Conga, the Revenue Company, is the pioneer and market leader in Revenue Lifecycle Management. Its platform is chosen by the world's growth champions to accelerate the end-to-end revenue lifecycle and achieve a Revenue Advantage. Conga brings Configure, Price, Quote, Contract Lifecycle Management, and Document Automation capabilities together on a single open platform that works with any ERP, any CRM, and any Cloud. Conga is born for the top line—powered by a unified revenue data model, complete revenue intelligence, and purpose-built AI—to help companies grow, protect, and expand their revenue.
Conga delivers a Revenue Advantage to over 10,000 customers and 6.4 million users around the world. More than 7 million contracts and 46 million quotes are generated annually with Conga. Founded in 2006, the company is headquartered in Broomfield, Colorado and has global operations in North America, Europe, Asia and Australia. Visit conga.com for more information.
Media Contact
Kelly Shrosbree, Conga, 1 248.962.5457, [email protected], www.conga.com
SOURCE Conga
Share this article