PROS Named to Constellation ShortList™ for Configure, Price Quote for Fifth Consecutive Year

Rhea-AI Summary

PROS (NYSE: PRO) has been recognized on the Constellation ShortList™ for Configure, Price, Quote (CPQ) for Q1 2022, marking its fifth consecutive year of validation. This recognition underscores PROS' ability to enhance digital selling transformation for organizations. The PROS Smart Configure Price Quote solution leverages advanced AI to empower sales reps, facilitate faster customer quote responses, and optimize pricing strategies. By aligning with the needs of B2B buyers, PROS aims to provide seamless, personalized experiences essential for competitive advantage in digital sales.

Positive

• Named to Constellation ShortList™ for CPQ for 5 consecutive years.
• PROS Smart Configure Price Quote enhances the sales process, enabling quick quote responses.
• Leverages AI to personalize product recommendations and optimize pricing.
• Supports various selling models, improving deal closure rates and profitability.

Negative

• None.

PROS Smart Configure Price Quote is an ideal fit for organizations pursuing digital selling transformation

HOUSTON--(BUSINESS WIRE)-- PROS® (NYSE: PRO), a market-leading provider of SaaS solutions optimizing shopping and selling experiences, today announced it was named to the Constellation ShortList™ for Configure, Price, Quote (CPQ) in Q1 2022, marking the fifth year of consecutive ShortList validation for PROS and its ability to deliver on critical digital selling transformation requirements for early adopter and fast follower organizations.

PROS Smart Configure Price Quote accelerates the sales process and provides a powerful, intuitive tool for sales reps enabling them to respond to customer quotes with professional, personalized proposals within minutes. With PROS Smart Configure Price Quote, sales reps are empowered with state-of-the-art AI capabilities to easily find and tailor product recommendations, identify cross-sell and upsell opportunities and proactively mitigate churn risk.

“Today’s B2B buyers demand seamless, personalized, omnichannel experiences and organizations are competing on customer experience to win and retain customers,” said PROS Vice President of Product and Solution Marketing Nadine Pyter. “PROS Smart Configure Price Quote powers all types of selling models and buying motions—from spot sales to subscriptions and from crafting sales agreements to enabling self-service product configuration—using AI-powered quoting capabilities that personalize product recommendations, customer-specific configurations and optimize pricing so that reps win more deals faster and more profitably. We are honored to be recognized by Constellation Research for our superior ability to meet these market requirements.”

“The business model shift to digital channels requires enterprise class CPQ solutions,” said R “Ray” Wang, chairman and founder at Constellation Research. “The PROS Smart Configure Price Quote solution is often chosen by prospects and clients due to its performance and scalability across the PROS Platform, proven artificial intelligence capabilities and ability to support an omnichannel digital strategy.”

PROS Smart Configure Price Quote is part of the PROS Platform, a unified SaaS Platform that enables business leaders to implement a harmonized omnichannel selling experience that sits at the center of every customer offer—the intersection of product, price, and place—providing buyers with fast, personalized offers that make every transaction more profitable.

Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation and streamline business processes.

For more information, visit pros.com.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a market-leading provider of SaaS solutions that optimize shopping and selling experiences. Built on the PROS Platform, these intelligent solutions leverage business AI, intuitive user experiences and process automation to deliver frictionless, personalized purchasing experiences designed to meet the real-time demands of today’s B2B and B2C omnichannel shoppers, regardless of industry. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of SaaS shopping and selling optimization solutions to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with AI-powered solutions and its current expectations of the benefits of SaaS shopping and selling optimization solutions for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s SaaS shopping and selling optimization solution needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of SaaS shopping and selling optimization solutions such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.

Disclaimer

Constellation Research does not endorse any solution or service named in its research.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220210005300/en/

Amy Williams

awilliams@pros.com

713.335.5978

Source: PROS Holdings, Inc.

FAQ

What is the significance of PROS being on the Constellation ShortList for CPQ?

Being on the Constellation ShortList indicates PROS' strong capability in facilitating digital selling transformations, enhancing its market position.

How does PROS Smart Configure Price Quote benefit sales teams?

It enables sales representatives to respond faster to customer quotes and optimize pricing using AI-driven recommendations.

What year did PROS receive recognition for the Constellation ShortList for CPQ?

PROS was recognized in Q1 2022, marking its fifth consecutive year on the list.

What are the key features of PROS Smart Configure Price Quote?

Key features include personalized product recommendations, fast response times for quotes, and scalability for various selling models.

What does the recognition by Constellation Research mean for PROS' stock (NYSE: PRO)?

This recognition may bolster investor confidence and indicate PROS' strong standing in a competitive market, potentially impacting its stock positively.