Verenia vs Oracle CPQ

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Our analysts compared Verenia 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

Verenia is a cloud-based module native to NetSuite that helps businesses increase sales by creating quick and accurate quotes. Designed to cater to manufacturing's specific needs, it enables users to configure complex products by providing a well-rounded, 3D view. It offers real-time updates on industry trends with the latest information to ensure guided selling and ordering.

Users can opt for built-in or external CRM and ecommerce integrations, tweak the customizable interface to fit organization requirements and leverage the built-in forecasting and follow-up inclusions to drive sales.
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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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    $89/User, Monthly
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    $240 Monthly
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    Tailored to your specific needs
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    Product Insights

    • Increased Sales Efficiency: Verenia streamlines the quoting process, reducing the time sales teams spend on administrative tasks and allowing them to focus on closing deals.
    • Improved Accuracy: By automating complex pricing and configuration rules, Verenia minimizes errors in quotes and orders, ensuring customers receive accurate information every time.
    • Enhanced Customer Experience: With faster response times and precise quotes, customers enjoy a smoother and more reliable purchasing process, leading to higher satisfaction and loyalty.
    • Scalability: Verenia supports businesses as they grow, handling increased volumes of quotes and orders without compromising performance or accuracy.
    • Customization: The software allows for tailored configurations to meet specific business needs, ensuring that unique product offerings and pricing models are accurately represented.
    • Integration Capabilities: Verenia seamlessly integrates with existing CRM and ERP systems, providing a unified platform that enhances data consistency and operational efficiency.
    • Data-Driven Insights: The platform offers robust analytics and reporting tools, enabling businesses to make informed decisions based on real-time data and trends.
    • Reduced Training Time: With an intuitive user interface, Verenia reduces the learning curve for new users, allowing sales teams to become productive more quickly.
    • Cost Savings: By automating manual processes and reducing errors, Verenia helps businesses save on operational costs and avoid costly mistakes.
    • Enhanced Collaboration: The software facilitates better communication and collaboration between sales, engineering, and production teams, ensuring everyone is aligned and informed.
    • Faster Time to Market: Verenia accelerates the introduction of new products and services by simplifying the configuration and pricing processes, helping businesses stay competitive.
    • Regulatory Compliance: The platform ensures that all quotes and orders comply with industry regulations and standards, reducing the risk of non-compliance penalties.
    • Increased Revenue: By optimizing the sales process and improving quote accuracy, Verenia helps businesses capture more opportunities and increase their overall revenue.
    • Customer Self-Service: Verenia offers self-service capabilities, allowing customers to configure products and generate quotes on their own, enhancing convenience and satisfaction.
    • Real-Time Updates: The software provides real-time updates on product availability and pricing, ensuring that sales teams always have the most current information at their fingertips.
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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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    • Quotes: Streamline sales processes with error-free live quotes. Convert quotes to orders through interactive emails. 
    • E-Commerce: Sell complex, customizable and configurable products in online stores. Integrate with shopping cart solutions like NetSuiteCommerce, Shopify, Magento and more. 
    • 3D Visualizations: Auto-generate comprehensive, configuration-specific 3D files, drawings, manufacturing data and models. 
      • Visual Planning: Display 3D depictions of customizable items within a virtual space. Embeddable into websites; send shareable links for collaboration. Provides an immersive experience by showcasing up-to-date, customer-specific product configurations. 
      • AR/VR: Configure products through tailor-made AR/VR environments. Provides cloud storage, dynamic updates, in-browser capabilities and scaled measurements based on product catalogs. 
      • Product Configurator: Configure customizable products in an easy-to-use interface. Collect and update product details to generate real-time 3D models and files. 
      • CAD Automation: Generate accurate, detailed and customer-specific product drawings and models. Supports multiple CAD formats such as Autodesk, Solidworks, Blender, SketchUp, Wavefront and more. 
    • Integrations: Connect existing tech infrastructures to a host of solutions like Microsoft Dynamics 365, Salesforce, NetSuite, Zoho CRM, Sage, Infor and more. 
    • Bill of Materials and Routing: Deliver auto-generated and comprehensive BOMs and routings based on its built-in logic and rules engine. 
    • CRM: Create instant quotes and orders by connecting sales reps with customers. Provides a centralized database for communications, omnichannel sales solutions, email integrations and materials forecasting. 
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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

    #24

    among all
    CPQ Software

    #29

    among all
    CPQ Software

    Find out who the leaders are

    Analyst Rating Summary

    59
    83
    33
    67
    45
    95
    80
    100
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    Analyst Ratings for Functional Requirements Customize This Data Customize This Data

    Verenia
    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 33 45 80 19 67 73 64 73 67 95 100 38 100 100 76 84 0 25 50 75 100
    33%
    0%
    67%
    67%
    0%
    33%
    45%
    0%
    55%
    91%
    0%
    9%
    80%
    0%
    20%
    100%
    0%
    0%
    17%
    0%
    83%
    33%
    0%
    67%
    67%
    0%
    33%
    100%
    0%
    0%
    69%
    0%
    31%
    100%
    0%
    0%
    59%
    0%
    41%
    71%
    0%
    29%
    74%
    0%
    26%
    84%
    0%
    16%

    Analyst Ratings for Technical Requirements Customize This Data Customize This Data

    36%
    0%
    64%
    64%
    0%
    36%

    User Sentiment Summary

    Excellent User Sentiment 116 reviews
    Great User Sentiment 327 reviews
    91%
    of users recommend this product

    Verenia has a 'excellent' User Satisfaction Rating of 91% when considering 116 user reviews from 3 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.

    4.4 (46)
    3.9 (223)
    4.7 (66)
    4.3 (7)
    4.0 (4)
    4.3 (97)

    Awards

    Verenia stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

    User Favorite 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

    Ease of Use: Users praise Verenia for its intuitive interface, making it easy to navigate and use for both technical and non-technical personnel.
    Streamlined Quoting: Verenia simplifies the quoting process, allowing sales teams to generate accurate quotes quickly and efficiently, reducing time spent on manual tasks.
    Improved Accuracy: By automating calculations and ensuring consistent pricing, Verenia minimizes errors and ensures quotes are accurate and reliable.
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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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    Complex Configuration: Users have reported difficulties navigating and setting up the software, finding it overly complicated for their quoting needs.
    Limited Customization: Some users have expressed frustration with the platform's limited ability to tailor the software to their specific workflows and branding requirements.
    Occasional Performance Issues: A subset of users have mentioned experiencing occasional slowdowns and glitches, impacting their productivity and ability to generate quotes efficiently.
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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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    Is Verenia the veritable solution for your CPQ needs? Over the past year, user reviews for Verenia have painted a mixed picture. On the positive side, many users appreciate its robust customization options and seamless integration capabilities. Compared to competitors like Salesforce CPQ and Oracle CPQ, Verenia stands out for its user-friendly interface and relatively lower cost. One user noted that Verenia's intuitive design significantly reduced the learning curve for their team, allowing them to become productive quickly. However, the software is not without its drawbacks. Several users have reported occasional glitches and slow customer support response times. One review mentioned that while the software's features are comprehensive, the occasional bugs can be frustrating, especially during peak business hours. Another user pointed out that the reporting tools could be more advanced, suggesting that Verenia lags behind competitors like SAP CPQ in this area. A key differentiating factor for Verenia is its flexibility in customization, which is crucial for businesses with unique product configurations. This flexibility allows companies to tailor the software to their specific needs, a feature that many users find invaluable. For instance, one user highlighted how Verenia's customization options enabled them to streamline their sales process, resulting in a 20% increase in efficiency. Verenia is most suited for small to mid-sized businesses that require a cost-effective, customizable CPQ solution. Its ease of use and integration capabilities make it an excellent choice for companies looking to implement a CPQ system without extensive training or a steep learning curve. However, larger enterprises or those needing advanced reporting features might find more value in alternatives like Salesforce CPQ or Oracle CPQ. Overall, Verenia offers a solid, if not perfect, solution for businesses seeking a balance between functionality and affordability.

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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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