News & Media
Ft. Lauderdale, FL – Feb. 5, 2018— Beesion, the pioneer of low-code telecom software, has been cited as an Honorable Mention in Gartner’s January 2018 Magic Quadrant for Configure, Price and Quote Application Suites.
Gartner defines Configure, Price and Quote (CPQ) as a suite of applications that “enable sales organizations to automate and optimize the creation of quotes and capture of orders.”1
Gartner estimates “that market revenue for configure, price and quote software was approximately $878 million in 2016, with growth of 20% per year expected through 2020.”2
“Our CPQ solution empowers telecom companies to successfully fulfill large volumes of telecom orders without fallout,” said Gustavo L. Merchan, Beesion CMO. “It can guide customers to the right offer, deliver accurate quotes, capture orders from any channel, identify available inventory, and process orders in the time period estimated.”
He also noted that Beesion’s CPQ can address the overwhelming number of complexities caused by the influx of new, dynamic digital services. The software suite can efficiently incorporate new lines of business, adopt new products and services, and revamp fulfillment processes. It adjusts easily and expands rapidly, no re-engineering is needed.
The CPQ application suite uses Beesion’s low-code software platform. Unlike traditional software development, low-code technology uses little to no custom code.
Developers use a visual model to configure functionality, using drag-and-drop tools to modify work flows, data models, interfaces, and business rules. Then, these models – supported by Beesion’s underlying low-code platform – generate the code to construct the software stack.
“Our low-code software enables faster time to market and simple expansion”, Merchan said. “It also allows business and IT teams to collaborate effortlessly and make changes to the CPQ, including changing processes, adding new products, supporting new vendors, and much more.”
Beesion’s low-code software is used by Tier 1 telecom companies around the globe. Its CPQ solution can be deployed on premises or in the cloud.
The Gartner January 2018 Magic Quadrant for Configure, Price and Quote Application Suites is available to subscribers at Gartner.com.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Beesion is the pioneer of low-code telecom BSS. The 9-year-old, global company offers more than 30 low-code applications to help telecom companies manage, monetize, and monitor their services. Applications can be deployed on cloud or on-premise with carrier-grade service. The company ranks Number #403 Fastest Growing Company in North America on Deloitte’s 2017 Technology Fast 500™. Learn more about Beesion at www.beesion.com