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Discover how servicePath™ CPQ+ drives digital commerce success with quote-to-cash innovation, earning Major Player status in the IDC MarketScape.
News Provided By servicePath Inc
servicePath™ is pleased to announce its recognition as a Major Player in the prestigious IDC MarketScape: Worldwide Configure Price Quote (CPQ) Applications for Digital Commerce 2024–2025 Vendor Assessment. This accolade underscores servicePath’s commitment to streamlining complex sales, enabling rapid quote generation, and ensuring precise pricing for enterprise technology providers. The acknowledgment reaffirms the platform’s leadership in simplifying complexity and driving revenue growth across global markets.
“Being named a Major Player by IDC MarketScape underscores our commitment to transformative CPQ. Our platform helps businesses tackle complexity, boosting revenue and operational excellence.”— Daniel Kube, CEO, servicePath™
Why IDC MarketScape Recognition Matters
The IDC MarketScape measures vendors on innovation, strategy, execution, and alignment with evolving digital commerce needs. In today’s fast-paced environment, CPQ solutions must:
Eliminate Complexity: Simplify intricate product and pricing configurations.
Shorten Sales Cycles: Reduce manual processes, speeding quote generation and approvals.
Maximize Revenue: Safeguard margins through precise pricing and strong governance.
Adapt to Change: Provide scalable global solutions that respond to shifting market demands.
By naming servicePath™ a Major Player, IDC validates the platform’s capacity to help organizations reduce complexity, optimize deal outcomes, and accelerate quote-to-cash workflows.
servicePath™ CPQ+ — A Game-Changer for Digital Commerce
servicePath™ CPQ+ is built to meet the stringent requirements of enterprise technology providers. It incorporates no-code/low-code flexibility, advanced analytics, and governance features, enabling sales teams to address intricate deals with confidence.
Key Advantages
Seamless CRM Integration: Connects easily with Salesforce, Microsoft Dynamics, and HubSpot.
Faster Quote Generation: Automates labor-intensive steps, accelerating the sales cycle.
Robust Governance: Maintains risk controls through approvals and audit trails.
Data-Driven Insights: Informs pricing strategy, boosting profitability and compliance.
Leadership Insights
Daniel Kube, CEO of servicePath™, notes:
“Being named a Major Player by IDC MarketScape is an incredible honor that underscores our commitment to delivering transformative CPQ solutions. Our innovative platform helps businesses tackle complexity, driving revenue growth and operational excellence in today’s fast-paced digital commerce environment.”
Ian Cross, CTO & Co-Founder of servicePath™, adds:
“This recognition reaffirms our role as a trusted partner for organizations navigating global sales. As we move into 2025, our priority remains on empowering customers with intelligent tools that accelerate revenue generation and adapt to market shifts.”
What It Means for Your Business
Improved Deal Velocity: Automated workflows reduce friction from quote to contract, speeding closures.
Enhanced Profitability: Eliminating pricing errors and enforcing approval protocols helps preserve margins.
Greater Operational Agility: No-code/low-code design supports quick changes to pricing or product lines without overburdening IT teams.
Streamlined Data Management: Unified data across CRM systems boosts forecasting precision and interdepartmental visibility.
Actionable Takeaways
Assess Your Sales Workflow: Pinpoint repetitive tasks ripe for automation.
Leverage Integration: Unite your CRM and CPQ to cut redundant data entry and align teams.
Embrace No-Code/Low-Code: Launch new product bundles and pricing models swiftly.
Use Analytics: Tap real-time data to refine pricing, forecast demand, and optimize resources.
Five Key Features to Overcome Common CPQ Challenges
When an existing CPQ or quoting system falls short, enterprises often face slow sales cycles, margin erosion, or system misalignment. Below are five re-ordered servicePath™ CPQ+ benefits, each mapped to an inferred challenge and solution:
1. Faster Quote-to-Cash Cycle
Challenge: Prolonged sales processes, missed revenue opportunities, or cash flow delays.
servicePath™ Advantage: Automates approvals and updates pricing in real time, closing deals faster and boosting overall revenue predictability.
2. No-Code/Low-Code Architecture
Challenge: Excessive IT reliance, slow adaptation to market changes, and reduced competitiveness.
servicePath™ Advantage: Allows business teams to introduce product lines or modify workflows swiftly, minimizing IT overhead and accelerating time-to-market.
3. Robust Governance and Compliance
Challenge: Margin erosion, inconsistent discounting, or potential legal/compliance risks.
servicePath™ Advantage: Enforces approvals and compliance controls for each quote, reducing costly errors and strengthening internal oversight.
4. Advanced Analytics and Insights
Challenge: Limited visibility into profitability, sales forecasts, or overall deal health.
servicePath™ Advantage: Delivers data-driven guidance, enabling strategic decisions, improved product roadmaps, and identification of upsell or cross-sell opportunities.
5. Seamless CRM Integration
Challenge: Fragmented customer information, isolated workflows, and poor collaboration.
servicePath™ Advantage: Connects with leading CRMs, consolidating data for a 360-degree view of deals, pricing, and customer relationships.
Get Started with servicePath™
Contact Us – Learn how servicePath™ CPQ+ can solve your quote-to-cash challenges.
Download Our Case Studies – Discover real-world implementations that highlight significant sales efficiencies.
Subscribe to Our Newsletter – Stay updated on best practices, analyst insights, and CPQ developments shaping the digital commerce landscape.
With servicePath™, enterprises address core commerce needs and stay agile.
About servicePath™
servicePath™ CPQ+ is a top Revenue Lifecycle Management platform recognized by MGI, Nucleus Research, and ITRG for its robust quote-to-cash capabilities. Named a Gartner Visionary three times and rated 4.8 on G2, servicePath™ helps global enterprise technology companies simplify complex sales. Through advanced governance, analytics, and seamless integrations, the platform facilitates billions of dollars in annual revenue. Its no-code/low-code architecture accelerates time-to-market, serving notable clients such as ATOS, DELL, DXC Technology, Telent, TierPoint, Ensono, Daisy, and Park Place Technologies, all while maintaining a decisive competitive edge.
About IDC
International Data Corporation (IDC) provides global market intelligence, advisory services, and events for IT, telecommunications, and consumer tech markets. With more than 1,300 analysts in over 110 countries, IDC delivers insights that help IT professionals, business executives, and the investment community make fact-based decisions. The IDC MarketScape is a leading resource that assesses the competitive standing of technology vendors, offering comprehensive evaluations that guide strategic initiatives.
© servicePath™. All Rights Reserved.
Malika Durrani
servicePath
+1 416-887-1631
[email protected]
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