Salesforce CPQ vs Vendavo

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

Vendavo Software Tool

Product Basics

Salesforce CPQ is a cloud-based software designed to streamline the sales process for businesses, particularly those dealing with complex products or services that require a high degree of customization. By automating tasks such as configuring products, generating quotes, and managing pricing, Salesforce CPQ can significantly improve sales efficiency and customer satisfaction while reducing costs. Key features include product catalog management, quote creation, and pricing automation, all of which contribute to a more efficient sales cycle.

User experiences suggest that Salesforce CPQ excels in its ability to handle intricate product configurations and pricing rules, making it a valuable tool for businesses with complex sales processes. While pricing details may vary based on specific requirements and contract terms, it's important to note that Salesforce CPQ typically involves subscription-based fees. When considering similar products, it's recommended to carefully evaluate features, pricing structures, and user reviews to determine the best fit for your business needs. Keep in mind that pricing and feature information can change over time, so it's always a good idea to check the latest resources for the most current details.

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Vendavo is a cloud-based platform that assists B2B enterprises by steering them towards an ecommerce-driven approach to optimizing prices and profits. AI-enabled processes help deliver product configurations, real-time business insights, increased win rates and more. It ensures an enhanced customer experience by applying intelligent pricing guidance as per global parameters. It offers a profit analyzer, margin bridge analyzer, deal price guidance and business risk alerts.

Users can implement 2D and 3D visualizations to create extensive proposals compatible with business needs. It’s suitable for businesses with complex operations, and multiple offerings and pricing strategies.
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Product Assistance

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Live Online
Videos
Webinars
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Email
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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Diverse Sales Flexibility: Create a customizable pricing system with various sales options and configuring conditions. 
  • Simplify Sales: Use popular third-party integrations and an intuitive interface to easily create configuring systems. 
  • Fast Results: Use complex computing engines and numerous presets to configure quotes quickly. 
  • Versatile Tool: Use AI, integrations and other analytic tools to optimize the program’s efficiency. Optimize the configuring process through analysis of customer purchase data. 
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  • Increased Deal Profitability: Vendavo empowers sales teams to optimize pricing strategies and identify upsell and cross-sell opportunities, leading to improved deal profitability and revenue growth.
  • Enhanced Sales Efficiency: Automating tasks such as quote and proposal generation streamlines the sales process, freeing up valuable time for sales representatives to focus on building customer relationships and closing deals.
  • Improved Quote Accuracy: Vendavo's CPQ capabilities ensure accurate and consistent quotes, minimizing errors and reducing the risk of revenue leakage due to incorrect pricing or product configurations.
  • Data-Driven Insights: Vendavo provides valuable insights into pricing trends, customer behavior, and market dynamics, enabling businesses to make informed decisions and optimize their pricing strategies.
  • Reduced Sales Cycle Time: By automating and streamlining the sales process, Vendavo helps businesses reduce sales cycle times, leading to faster deal closures and improved sales velocity.
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  • Pricing Engine: Use a sophisticated pricing engine to model different types of payments, including one-time payments, recurring payments and payments determined by usage. 
  • Automated Renewal Quotes: Save time by automating renewed quotes and sending summaries to current customers. 
  • Centralized Data: Ensure complete visibility by keeping client data in one place, including purchases, assets and subscriptions. 
  • AI Insights: Manipulate AI data gathering and findings to better understand client data. Increase sales intelligence and create deeper insight reports. 
  • Automated Invoices: Split quotes into multiple orders to simplify and automate configurations. Eliminate pricing discrepancies by using a singular pricing engine. 
  • Price Analytics: Task AI to detect trends among products, sales teams and regions. Mine data from AI analysis to better suit pricing standards. 
  • Accessibility: Access functions from any desktop or mobile device with internet connection. Use cloud-capabilities to track quotes on the go. 
  • Integration: Utilize flexible integration capabilities to bundle with other leading products like Docusign. 
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  • Guided Selling: Streamline the quotation process with query-based guided selling. Receive information in real time to create error-free quotes. 
  • Visualizations: Leverage 2D or 3D and AR configurations to develop proposals and documents. 
  • Proposals: Design detailed, brand-specific proposals, and provide approved language access and timely specs. 
  • Negotiations: Execute time-sensitive negotiations for multiple product and client combinations. Ensure profitable deals through rule-driven approval workflows. 
  • Workflow Management: Optimize quote-to-order processes with intuitive, guided workflows. Facilitate quicker onboarding for new employees. 
  • E-Commerce: Set up digital sales channels by accessing integrations with Salesforce, Microsoft Dynamics, SAP Sales Cloud, Sugar CRM and more. 
  • Artificial Intelligence: Gain actionable insights, optimize operations and uncover potential opportunities. Eliminate manual pricing processes, gauge customer habits, analyze purchase history and measure profit margins with AI-driven price modules. 
  • Guided Pricing: Deliver optimal, deal-centric pricing guidance to client’s CRMs. Calculate prices based on market dynamics like cost escalation and competitive pricing. Provides multi-currency support and win rate optimization. 
  • Price Optimization: Minimize churn and maximize profit by computing optimized pricing guidelines based on previous transactional data. Analyze transactions, data sheets and business dimensions. 
    • Models: Construct unlimited pricing models and scenarios, and analyze the impact on guidance levels. Depict margin distributions and segmented discounts through data visualizations. Provide sales reps with optimized pricing guidance across multiple segments. 
    • Risk and Cost: Probe risk scores and guidance settings to uncover adjustment requirements. Calculate potential cost variables via pricers. Use the power and risk algorithm for intelligent forecasting. 
    • Margin Bridge Analyzer: Measure and track price variances, product mixes, volumes and other business factors. Quantify pricing impact on margins and evaluate pricing effectiveness by filtering data according to location, dates and dimensions. Measure margin change via comparative visuals and performance KPIs. Monitor less effective business strategies and compare dimensions side-by-side through price volume mix analysis. 
  • Price Management: Manage relevant price-based data in a centralized place. 
    • Accuracy: Ensure accurate costs through pricing logic that is scalable across products, countries, channels and clients. Pinpoint accurate pricing across channels and segments. 
    • Pricing Rules: Automate pricing rules based on business strategies and formulas. Account for market and channel fluctuations. Supervise rules and pricing at higher levels and delegate work at local levels. Construct dynamic pricing rules and incorporate market and competitive data into the models. Implement and change rules according to market conditions. Compute component value in two ways and apply localized bills of materials for region-specific pricing rules. 
    • Competitive Pricing: Monitor the competitions’ product costs through web-scraping technology. Use relevant, accurate market data to create localized pricing. 
    • Options: Provides parallel price lists, tiered support and formula-centric pricing. Facilitates multi-tier pricing. 
    • Profit Split: Control profit split by managing internal and external transfer prices. Ensure accounting compliance by applying profit split and transactional net margin methods. 
    • Client Pricing: Record time-sensitive, detailed pricing and discounts for exclusive clientele. Apply agreements during quotes and forward details to ERP and billing modules for correct orders. 
  • Pricing Analytics: Uncover profit trends and identify margin leakages and pricing opportunities: 
    • Workspaces Analysis: Develop, direct and organize target analysis, shareable to relevant decision-makers via dashboards. Collaborate as teams, develop charts and tables, compare data across multiple data sources and leverage customizable filters to dig deeper. 
    • Dashboards: Review opportunities and track price compliance through configurable dashboards. Dynamically update after every input, execute comparative analysis and view groups with highest and lowest margin contributions. 
    • Advanced Visualizations: Run break-even and ABCD analysis of products and customers. Observe the relationship between volume, price and mix across multiple business dimensions. Use analytical charts and reports to visualize opportunities and factors. 
  • Notifications and Alerts: Track business metrics and send customized alerts based on severity levels to decision-makers. Notify relevant team members of potentially unsafe accounts. 
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Product Ranking

#7

among all
CPQ Software

#14

among all
CPQ Software

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Analyst Rating Summary

85
77
37
50
82
77
100
80
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Dashboard and Reporting
Price Management
Platform Capabilities and Security
Quote Management
Price Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Salesforce CPQ
Vendavo
+ 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 37 82 100 63 97 100 81 95 50 77 80 19 75 93 82 84 0 25 50 75 100
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33%
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50%
73%
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27%
73%
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27%
100%
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80%
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20%
67%
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33%
17%
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83%
92%
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85%
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15%
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82%
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16%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

64%
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36%
73%
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27%

User Sentiment Summary

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Great User Sentiment 102 reviews
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88%
of users recommend this product

Vendavo has a 'great' User Satisfaction Rating of 88% when considering 102 user reviews from 4 recognized software review sites.

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4.4 (65)
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5.0 (2)
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4.5 (30)
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3.3 (5)

Awards

SelectHub research analysts have evaluated Salesforce CPQ and concluded it earns best-in-class honors for Dashboard and Reporting and Price Management.

Dashboard and Reporting Award
Price Management Award

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Synopsis of User Ratings and Reviews

Guided Selling: Salesforce CPQ provides a guided selling experience that helps sales reps to configure products and generate quotes quickly and accurately, even for complex products with many options and dependencies. This can help to reduce errors and improve sales efficiency.
Streamlined Quote-to-Cash: Salesforce CPQ helps to streamline the quote-to-cash process by automating many of the manual tasks involved in generating quotes, contracts, and invoices. This can help to reduce cycle times and improve cash flow.
Improved Accuracy: Salesforce CPQ helps to improve the accuracy of quotes by ensuring that all products and services are priced correctly and that all discounts and promotions are applied consistently. This can help to reduce billing errors and improve customer satisfaction.
Increased Sales: Salesforce CPQ can help to increase sales by making it easier for sales reps to sell complex products and services. It can also help to improve customer satisfaction by providing a more streamlined and efficient sales experience.
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Streamlined Quote-to-Cash: Vendavo's ability to integrate with various CRM and ERP systems creates a seamless flow from creating quotes to managing orders and revenue, which can be especially helpful for businesses with complex sales processes.
AI-Powered Insights: The platform's AI capabilities provide valuable insights into pricing strategies and market trends, enabling businesses to make data-driven decisions and optimize their pricing for maximum profitability.
Deal Management: Vendavo offers robust deal management tools that help sales teams collaborate effectively, track progress, and close deals faster. This can be particularly beneficial for businesses with long sales cycles or complex negotiations.
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Steep Learning Curve: Salesforce CPQ has a reputation for being complex and challenging to learn, especially for users without prior experience with Salesforce products or CPQ software. The abundance of features and customization options can be overwhelming for new users, often requiring extensive training and support to get up to speed.
Implementation Challenges: Implementing Salesforce CPQ can be a time-consuming and resource-intensive process, often requiring the involvement of experienced consultants or developers. Integrating CPQ with existing Salesforce instances or other business systems can pose additional challenges, potentially leading to delays and budget overruns.
Cost: Salesforce CPQ is a premium product with a price tag to match. The subscription fees, implementation costs, and ongoing maintenance expenses can be significant, especially for small and medium-sized businesses. The pricing structure can also be complex, with different tiers and add-on features that can quickly increase the overall cost.
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Steep Learning Curve: Vendavo's interface can be overwhelming for new users due to its complexity and extensive features, often requiring significant training and onboarding time.
Customization Challenges: Adapting Vendavo to specific business requirements can be difficult and may necessitate the involvement of technical experts or consultants, potentially leading to increased implementation costs and timelines.
Performance Issues: Some users have reported occasional slowdowns and performance bottlenecks, particularly when dealing with large datasets or complex configurations, which can impact productivity and user experience.
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Salesforce CPQ has garnered significant praise for its user-friendly interface, enabling sales teams to swiftly generate accurate quotes and streamline the sales process. Users highlight the software's intuitive design and guided selling capabilities, which empower representatives to configure products, determine pricing, and create professional quotes with ease. This efficiency translates into faster sales cycles and improved customer satisfaction. Salesforce CPQ's integration with Salesforce CRM further enhances its value proposition by providing a unified platform for managing customer interactions, sales processes, and order fulfillment. However, some users note that Salesforce CPQ's robust features come at a cost, as the software can be relatively expensive compared to some competitors. Additionally, the platform's extensive customization options, while offering flexibility, can also introduce complexity for new users. Despite these drawbacks, many users consider Salesforce CPQ a worthwhile investment due to its ability to drive revenue growth and enhance sales productivity. The software's strengths in automation, accuracy, and integration make it particularly well-suited for businesses with complex sales processes, diverse product offerings, and a need for scalability. Salesforce CPQ empowers these organizations to optimize their sales operations and achieve sustainable growth.

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Vendavo users generally appreciate its ability to handle complex pricing scenarios and its robust analytics capabilities. The software's strength lies in its ability to manage intricate pricing structures, particularly for businesses with a high volume of SKUs or complex pricing rules. Users also value the software's ability to provide insights into pricing performance and identify areas for improvement. However, some users find the software's interface to be less intuitive than some competitors, requiring more training and support to use effectively. Additionally, Vendavo's implementation process can be time-consuming and resource-intensive, particularly for larger organizations with complex pricing needs. Despite these challenges, Vendavo is generally considered a powerful tool for businesses that require sophisticated pricing management capabilities. Its ability to handle complex pricing scenarios and provide valuable insights into pricing performance makes it a valuable asset for businesses looking to optimize their pricing strategies. Vendavo is best suited for large enterprises with complex pricing needs, particularly those in industries such as manufacturing, distribution, and chemicals. The software's ability to handle a high volume of SKUs, complex pricing rules, and multiple currencies makes it well-suited for businesses operating in global markets. Additionally, Vendavo's robust analytics capabilities provide valuable insights for businesses looking to optimize their pricing strategies and improve profitability. While the software's complexity may make it less suitable for smaller businesses with simpler pricing needs, its comprehensive features and powerful analytics make it a valuable tool for large enterprises looking to gain a competitive edge through pricing optimization.

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