Software-as-a-ServiceConfigure-Price-Quote Application Accelerates Sales, Increases Order Entry Accuracy and Improves Customer Satisfaction
Wellesley, Mass. - June 7, 2010 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that FPX, LLChas been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards is an ongoing program which recognizes SaaS companies that are producing tangible business benefits for specific user organizations. These benefits can include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
FPX provides a Configure-Price-Quote application that guides salespeople through the product configuration process. FPX's configuration engine handles complex pricing issues to enable sales people to quickly produce professional, branded proposals that present the configured product in an understandable format. By eliminating configuration and pricing errors, FPX clients experience lower costs, faster sales cycles and happier customers.
An example of the business benefits of FPX's solution is Risk Management Solutions (RMS), a leading provider of products, services, and expertise for the quantification and management of catastrophe risk, such as earthquakes and hurricanes, as well as man-made disasters and infectious diseases. RMS leads the market in risk modeling for the property & casualty insurance industry, but was using Excel spreadsheets as its official product and services price book. As a result of adopting FPX's Configure-Price-Quote SaaS solution, RMS reduce its time to close and time to complete quarterly forecasting by 25%. It was also able to eliminate redundant points of data entry and capture information in a single integrated platform which improved management visibility into product positioning and pricing. As a result of the ease of use of FPX's solution, RMS has reached 96% adoption.
"We are pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our multi-tenant Configure-Price-Quote solution," said Audrey Spangenberg, CEO of FPX. "FPX continually strives to provide our customers the best solutions to accelerate their sales from inquiry to order."
"It is essential to increase the accuracy and visibility of service pricing in today's increasingly competitive environment," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."FPX's Configure-Price-Quote SaaS solution enables organizations to significantly improve these essential business processes."
Based on the success of the BoSS Awards program which focuses on SaaS solutions, THINKstrategies has launched the Cloud Computing Business Value (CCBV) Awards program to recognize companies which are delivering Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions producing measurable business benefits for their customers. For more information regarding the CCBV Awards, go to http://www.thinkstrategies.com/cloudcomputingawards.html.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
Give enterprise decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
Give SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Give enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com.
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About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.