We are thrilled that for the second year in a row, KBMax has landed on the Gartner Magic Quadrant for Configure, Price, and Quote (CPQ) Application Suites!
A Gartner Magic Quadrant is research in a specific market, giving a wide-angle view of the relative positions of the market’s competitors. Vendors are positioned in the Gartner Magic Quadrant based on completeness of vision and ability to execute. We believe that this achievement is due to the success of our customers and our ongoing commitment to their digital transformation.
Last year, the CPQ application market grew by 15.5%, to an estimated $1.42 billion. Evidence that B2B companies are in fact digitally transforming to meet their customers’ needs by simplifying and streamlining the sales and manufacturing process. Unfortunately, many businesses are still facing challenges in delivering on these needs due to legacy systems, manual processes, and data silos.
According to Gartner, KBMax can help with this digital transformation because of these strengths:
- Visual configuration: KBMax offers excellent native support for 2D and 3D visual configuration, as well as productized integration with CAD generation systems.
- Rule engine: Most logic, rules and customization features use the KBMax Snap rule engine, which has an innovative drag-and-drop UI that supports logical conditions, state workflow and visual programming. This makes KBMax’s product relatively easy for administrators to learn.
- Omnichannel: KBMax CPQ’s support for the direct sales channel, reseller channel and self-service channel is among the best evaluated for this Magic Quadrant. The visual configurator can be embedded in a third-party self-service digital commerce platform, and all functionality is accessible through REST APIs.
Thank you to our customers and partners for helping us be placed for the second year on the Gartner Magic Quadrant for Configure, Price, and Quote Application Suites, September 2020.
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What is CPQ? Here’s Everything You Need to Know.