Yagna iQ Named a Visionary in the Gartner Magic Quadrant 2022 for Configure, Price and Quote Application Suites for 4th Year
Plano, Texas – November 15, 2022
Yagna iQ Inc, a leading Texas-based multinational in CPQ and Installed Base Channel Ecosystem platform, announced that it has been recognized for the 4th straight year in the Gartner Magic Quadrant 2022 for Configure, Price and Quote Application Suites1, published on November 8, 2022. Vendors in the report were evaluated based on the ability to execute and for completeness of vision.
According to the report, “CPQ application suites enable sales organizations to automate and optimize the creation of quotes and capture of orders.”
Yagna iQ’s Configure Price & Quote (CPQ), Renewal Cloud© and Cross-sell / Upsell (XSUS) use cases are part of the Channel Ecosystem Platform. The Channel Ecosystem platform is designed to automate and guide Vendors, Distributors, Resellers and Customers through product configurations, create automated quotes for installed base renewals and provide Upsell / Cross-sell / Renewal recommendations.
“Yagna’s placement in the Visionary quadrant affirms our strategy to create broad use cases for every entity in the Channel Ecosystem, including Vendors, Distributors, Resellers and even End-User customers. Yagna iQ’s Configure Price & Quote (CPQ) engine has the functionality necessary to power the Channel Ecosystem Platform for automation and integration to further reduce complexity in the channel sales cycle”, said Ram Rai, CEO at Yagna iQ.
“Yagna iQ’s Configure Price & Quote (CPQ) is designed as a cloud platform specifically to aid all entities in the channel ecosystem. Our digital ecosystem for vendors, resellers & distributors has helped our customers renovate their traditional sales process and automate recurring revenue through the channel to the end-users. We believe that automation in the channel ecosystem will continue to expand as businesses increasingly focus on automating the installed base opportunities while growing and accelerating their core offerings with additional subscription and recurring revenue.” said Manish Agrawal, CTO at Yagna iQ.
“We are thrilled that Gartner has once again recognized Yagna iQ in the 2022 Magic Quadrant for CPQ. We believe that our focus on the channel, with proven, customizable automation for all entities in the Channel Ecosystem is required to streamline and grow recurring revenue sales motions, especially in the “long tail” where it is critical that resellers and customers can receive and purchase accurate, automated quotes”, said Patrick Johnston, Vice President Worldwide Sales at Yagna iQ.
1 Gartner, Magic Quadrant for Configure, Price and Quote Application Suites, Mark Lewis, Dayna Ford, 11 November 2022 – ID G00764902.
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About Yagna iQ
Yagna iQ is a revenue acceleration/Channel Ecosystem CPQ and installed base monetization platform. Yagna iQ utilizes multi-vendor historical sales transaction data to automate Entitlement and Subscription renewals with Renewal Cloud © through channel sales. Utilizing installed based data, XSUS use case generates new Cross-sell / Upsell / Renewal opportunities with the help of its analytics and machine learning capabilities. Yagna iQ’s world-class CPQ platform further helps to generate faster quotes and professional proposals. Yagna iQ use case solutions are widely deployed and it has 25000+ business users in more than 150 countries. For more information, visit https://www.yagnaiq.com/ and follow on LinkedIn, Facebook, Twitter & YouTube.