We’re thrilled to announce that the PROS Spring 2023 Platform Release is here. As every CFO’s best-kept secret for profitable growth, PROS is committed to constant innovation. Our Spring Platform Release is buzzing with new capabilities designed to help you dynamically price and personalize all your offers while ensuring the most profit. Our science and engineering teams have worked hard to make this our most innovative and powerful release to date which includes Microsoft Power Apps Integration, Rebates Management in PROS Smart CPQ, and many more capabilities.
Our AI-powered platform has helped businesses across multiple industries optimize their pricing strategies, reduce time-to-quote, and increase profitability. And with our latest platform release, we’re taking things to the next level. Here’s what you can expect:
Deeper Rebate Capabilities for Customer Loyalty
Extended Integration with Enable
As more and more companies are beginning to utilize rebates as a tool to increase customer loyalty, we’re excited to introduce our newest capabilities within PROS Smart CPQ in collaboration with Enable - Rebates Management.
Last quarter, PROS and Enable delivered an integrated solution that displays a full view of past transactions with a price breakdown in the PROS Smart Price Optimization platform. Businesses get a full-360-view of the entire negotiation process by making available Actual, Accrued, and Forecasted Rebate amounts on top of already existing data.
Now, PROS and Enable continue work on delivering more integrated capabilities to handle Rebate management from the beginning to the end of the selling process.
Today we are bringing the power of Enable Trading Programs inside PROS Smart CPQ with the Spring 2023 Platform Release. Sales organizations have access to accurate and up-to-date pricing information for eligible programs defined in Enable by providing an estimation of the final rebate value for each line item.
Better Price Transparency
One of the primary benefits of having information about rebates in PROS Smart CPQ is that the CPQ system can calculate the final price a customer will pay considering any applicable discounts or incentives. This can help sales representatives provide customers with a clear and transparent pricing structure, increasing customer trust and confidence in the sales process.
Additionally, including rebate information in PROS Smart CPQ can help sales representatives identify potential upsell and cross-sell opportunities. For example, if a customer is eligible for a rebate on a particular product, the sales representative may be able to recommend complementary products or services that also offer rebates. This can help increase the customer's overall purchase value and satisfaction.
Support Sales Promotions
Finally, having information about rebates in PROS Smart CPQ can help businesses track the effectiveness of sales promotions. You can identify which promotions are most effective and adjust sales and marketing strategies by analyzing rebate usage data. This can help optimize promotional efforts and maximize return on investment.
PROS Quoting & Agreements Power Within a Single Microsoft Power App
PROS strategic partnership with Microsoft has resulted in a new out-of-the-box integration for PROS Smart CPQ with Microsoft Power Platform. Starting with the PROS Spring 2023 Platform release, businesses that want an enterprise-grade quoting solution can easily encapsulate Smart CPQ and Sales Agreements in a single Microsoft Power App. This enables automated quoting workflows, along with customer-specific price agreements, all delivered via Microsoft’s low-code platform - delivering quick time to value along with the added flexibility to integrate with other Power Platform applications. The net result, businesses that want a robust CPQ solution without a CRM, can now access the power of the PROS Platform to gain personalized insights for profitable growth.
PROS thrives on driving continuous innovations that help you outperform and achieve profitable growth. We’ll have more exciting new features and capabilities in our Summer 2023 Platform release, so be sure to check back then.
For further details on the latest PROS Platform release, view the specific product highlights and release notes here.
For further training and release information, Customers and Partners can access PROS University here.