Vendavo vs SAP CPQ

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Our analysts compared Vendavo vs SAP 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.

Vendavo Software Tool

Product Basics

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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SAP CPQ is a cloud-based solution designed to streamline quote fulfillment and eliminate pricing errors. Users can configure products by using step-by-step selection and defining product rules. It enables customers to view product modifications and place orders.

Sales representatives can generate and update quotes using any internet-accessible device. Ideal for omnichannel selling, the AI-powered tech automates and generates upsell and cross-sell options. It integrates with various CRM and ERP systems and is available in multiple languages and currencies.
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Product Assistance

Documentation
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Videos
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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

  • 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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  • Increase Efficiency: Minimize time spent generating quotes with logic-based sales processes. Generate proposals utilizing templates and get quotes signed with e-signature integration. 
  • Boost Sales: Add upselling and cross-selling options to quotes using AI and customer information. Integrate with CRM and ERP systems to turn opportunities into quotes. 
  • Streamline Processes: Establish automated approval and exception workflows. Access additional connectivity to sell through multiple channels and platforms. 
  • Minimize Errors: Eliminate order errors caused by manual order processing. View relevant discounts and margins to ensure accurate quotes are submitted. 
  • Improve Customer Engagement: Enable customers to create inquiries and place orders. Send personalized, content-rich proposals to enhance the customer experience. 
  • Protect Profit Margins: Define eligibility rules and manage guardrails to protect profit margins and speed up the approval process. 
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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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  • Proposal Generation: Create customized quotes and proposals with built-in templates and pricing rules. Include relevant content files to add value to proposals. Send proposals digitally and get verification using e-signature collection. 
  • Quote Management: Search and configure products before adding to quotes. Edit and copy quotes and change workflow status. 
  • Online Catalog: Divide products into categories and subcategories. Navigate to view available products and subcategories. Select and view product comparisons within the catalog. 
  • Real-Time Visualizations: Configure complex products using step-by-step selection and product rules. Visualize modifications and workflows in real time. 
  • AI Selling: Add cross-selling and upselling options to quotes based on customer information. Use AI-powered predictive analysis and guided selling. 
  • CRM and ERP Integration: Generate and modify opportunities, accounts and contacts. Search for contacts or accounts to use in-quotes, or create quotes from opportunities in either system. 
  • Automated Workflows: Set up approval and exception workflows to speed up the sales cycle and skip complex validation checks. 
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Product Ranking

#14

among all
CPQ Software

#21

among all
CPQ Software

Find out who the leaders are

Analyst Rating Summary

77
80
50
50
77
82
80
60
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Price Management
Platform Capabilities and Security
Quote Management
Product Configurator and Catalog Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Vendavo
SAP 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 50 77 80 19 75 93 82 84 50 82 60 35 100 81 96 97 0 25 50 75 100
50%
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50%
0%
83%
17%
73%
0%
27%
82%
0%
18%
80%
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20%
60%
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40%
17%
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83%
33%
0%
67%
75%
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25%
100%
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85%
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15%
77%
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23%
82%
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18%
94%
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6%
84%
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16%
95%
0%
5%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

73%
0%
27%
45%
0%
55%

User Sentiment Summary

Great User Sentiment 102 reviews
Great User Sentiment 13 reviews
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.

87%
of users recommend this product

SAP CPQ has a 'great' User Satisfaction Rating of 87% when considering 13 user reviews from 1 recognized software review sites.

4.4 (65)
n/a
5.0 (2)
n/a
4.5 (30)
n/a
3.3 (5)
4.35 (13)

Awards

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SelectHub research analysts have evaluated SAP CPQ and concluded it earns best-in-class honors for Platform Capabilities and Security, Product Configurator and Catalog Management and Quote Management.

Platform Capabilities and Security Award
Product Configurator and Catalog Management Award
Quote Management Award

Synopsis of User Ratings and Reviews

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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Guided Selling: Users appreciate the guided selling functionality, which simplifies product configuration and ensures accurate quotes by dynamically adjusting options based on customer responses.
Streamlined Quote-to-Cash: The platform accelerates the quote-to-cash process, reducing errors and delays by automating tasks such as quote generation, approvals, and order processing.
Integration with SAP Ecosystem: Seamless integration with other SAP solutions, such as ERP and CRM systems, provides a unified view of customer data and streamlines business processes.
Customization and Scalability: SAP CPQ offers extensive customization options to tailor the platform to specific business needs and can scale to accommodate growth.
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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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Usability Challenges: Users with limited technical expertise may find the interface and configuration process complex and time-consuming, requiring significant training and support.
Customization Limitations: Adapting the solution to specific business requirements can be challenging due to limited flexibility in certain areas, potentially requiring workarounds or compromises.
Integration Complexities: Integrating SAP CPQ with existing IT infrastructure and other enterprise systems can be a complex undertaking, demanding careful planning and execution to ensure seamless data flow and process alignment.
Cost Considerations: The licensing and implementation costs associated with SAP CPQ can be substantial, particularly for larger organizations or those with complex quoting requirements, making it crucial to carefully evaluate the return on investment.
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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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SAP CPQ has garnered positive feedback for its ability to streamline the sales process, particularly for businesses with complex product configurations and pricing structures. Users appreciate the software's intuitive interface and robust features, which allow for efficient quote generation and order management. The ability to create and manage product variants, options, and pricing rules is a significant advantage, ensuring accuracy and consistency in quotes. Additionally, SAP CPQ's integration capabilities with other SAP and third-party solutions, such as CRM and ERP systems, further enhance its value by providing a seamless flow of data across different platforms. While SAP CPQ offers numerous benefits, some users have noted that the initial setup and configuration can be complex, requiring careful planning and potentially involving additional costs for implementation and training. Additionally, while the software provides a comprehensive set of features, its flexibility may come at the expense of ease of use for simpler sales processes. Compared to competitors like Salesforce CPQ and PandaDoc CPQ, SAP CPQ stands out with its deep integration with other SAP solutions, making it a preferred choice for businesses already invested in the SAP ecosystem. However, for organizations seeking a more standalone CPQ solution with a focus on ease of use and affordability, alternatives like PandaDoc CPQ might be more suitable. In conclusion, SAP CPQ is best suited for medium to large enterprises with complex product offerings and a need for seamless integration with existing SAP systems. Its ability to handle intricate configurations, pricing rules, and approvals makes it a valuable tool for streamlining sales processes and improving efficiency. However, businesses with simpler sales requirements or those not already using SAP solutions may find other CPQ options more cost-effective and user-friendly.

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