Best Manufacturing Estimating Software

Manufacturing estimating software is a digital tool used in the manufacturing industry to calculate the costs associated with producing a product. It considers factors like materials, labor, overhead, and more to provide accurate cost estimates for production. This software helps manufacturers make informed decisions regarding pricing, production processes, and resource allocation, ultimately supporting cost-effective production and profitability.

Buyer's Guide

Last updated on November 10th, 2023
Manufacturing Estimating Software Is All About Streamlining Cost Estimation To Improve Bid Accuracy

Manufacturing Estimating Software BG Intro

No-bids are a no-no for anyone in the manufacturing industry. It feels like conceding a game because you couldn’t field enough players. Manufacturing estimating software is a part of CPQ software that brings in-depth analysis, cost models and historical data to your own know-how to speed up cost estimation.

Want to modernize the estimating process? In this buyer’s guide, we’ll give you insights on benefits, features, pricing and pointers to pick the perfect manufacturing estimating solution for your company. Let’s get started!

Executive Summary

  • Manufacturing estimating software is used to streamline complex pricing and cost estimation with the help of data analysis, cost models and past production information.
  • Key features include automated BOM conversion, cost tracking, estimate analysis and a centralized database.
  • Ask potential vendors about levels of automation, scalability and deployment models before committing to a purchase.
What This Guide Covers:

What Is Manufacturing Estimating Software?

Manufacturing estimating software is a platform designed to streamline the estimating and RFP process. It uses historical data, cost models, production costs and successful bids to calculate estimates, RFPs and quotes.

Using dodgy estimates to calculate cost-plus pricing is like using a broken clock to tell the time. In-depth analysis using real-time information helps you create accurate quotes more efficiently.

Primary Benefits

Juggling MES, CMMS, supply chain management and ERP systems is no walk in the park. It’s easy to be wary of adding another solution to the mix. However, the benefits of manufacturing estimating software might change your mind.

Manufacturing Estimating Software Benefits

Saved Time

Rummaging through spreadsheets, paper quotes and workstation records to compile quotes eats up valuable time. A centralized database and streamlined processes help you get quotes and estimates to clients faster. Modify and turn past production orders and BOMs into estimates.

Greater Accuracy

Access to historical data, winning bid analysis and real-time information add to more accurate estimates. Instead of relying on guesswork and outdated pricing, you can create estimates for highly customizable, niche products using parts from existing BOMs, pricing structures and multiple revisions.

Increased Automation

Retyping the same information for estimates, RFPs, quotes and (hopefully) invoices can waste time and increase errors. Users can automate conversions to BOMs, quotes, tax markups and pricing updates.

Key Features & Functionality

Inventory Estimation

Pricing out-of-stock items in your estimates can be dicey. Add notes and files to justify revisions and create inventory items and BOMs from estimates.

Estimate Creation

Convenient estimate and quote creation are worth their weight in gold. Move data from product structures and work orders to create estimates. Use templates and “what if” scenarios to generate multiple estimates per bid.

BOM Conversion

Won the bid? Convert your winning estimate into a BOM using automation and plan for production so you can efficiently move on to manufacturing.

Centralized Database

Store past estimates, quotes, contact information and RFPs in one secure location. Autofill client details and export sections to create multiple estimates for one bid.

Cost Tracking

It’s not uncommon for estimates and actual costs to differ. Track actual resource usage for labor, raw materials and machine time from workstations to gauge profitability for future jobs.

Estimate Analysis

What estimates win bids? Which were profitable? Where did you lose money? View estimate insights on conversion rates and profitability via the customizable dashboard.

Integrations

Missing or incomplete data hampers a new system's performance. Accurately estimate with access to ERP, MES, CMMS and shopfloor software information.

Software Comparison Strategy

Using ChatGPT or Google to find the best solution for your manufacturing company can lead to information overload. The following pointers provide a basic blueprint to help you streamline your search.

Automation: Accuracy and speed are essential when converting estimates to BOMs or analyzing profit margins before sending a quote. Ask vendors how much automation is available, as well as how easy it is to customize automation to fit your workflows.

Deployment: Cloud deployment may be cheaper and easier to access. However, checking server compatibility is a wise move if you already have an on-site ERP or workstation management system.

Scalability: Planning to expand your operations to multiple sites or increase your product range? Your solution should scale with your organization. Look for expandable server capacity and user tiers.

Cost & Pricing Considerations

Buying new software sounds like a grand idea, but it will cost you. The price of manufacturing estimating software usually depends on the deployment model, whether you opt for a subscription or license, users and features.

Cloud deployment is often cheaper and easier to maintain as you don’t need additional hardware and tech support, while on-site may be more convenient if your company is larger. In the same vein, a subscription is more cost-efficient, but a license offers additional flexibility and customization.

The Most Popular Manufacturing Estimating Software

Searching for the right software can feel like looking for a nut in a tub of bolts. We’ve compiled a list of the most popular manufacturing estimating solutions to give you a better idea of what to look for.

Note: These are the most popular CPQ solutions for manufacturing with estimating capabilities, not explicitly the most popular manufacturing estimating software.

Vendavo

Vendavo is a cloud-based platform used to optimize sales cycles with AI-based processes. It gives users insights into win rates, intelligent pricing guidance and profit and margin analyzers. Create proposals, quotes and estimates with 2D or 3D configurations and customizable templates.

Vendavo

Vendavo Quoting Capabilities.

Camos

Camos is a customizable solution that streamlines processes with data insights. Users can auto-generate quotes and estimates using specifically configured components, set prices based on individual clients and calculate costs in real-time. It offers integrations with ERP, PLM, CAD and CRM solutions.

Camos

Camos Product Configuration.

Experlogix

Experlogix is an integrated platform designed to optimize the quote-to-order process with workflows, automation and pricing rules. Build quotes and estimates using existing components and work orders. Automate BOMs from other documentation with product customizations.

Experlogix

Experlogix Product Building.

 

 

Questions To Ask

Before you bust open your piggybank to buy new software, you need a clear idea of your needs. Ask yourself the following question to clarify your requirements:

  • What’s our budget?
  • What features are crucial, and which are skippable?
  • How will the software add value to our existing operations?
  • Will this software meet our future manufacturing needs?
  • Does this software integrate with our current ERP, MES and CRM systems?
  • Are companies similar to our size incorporating manufacturing estimating software?
  • Have our competitors implemented any estimating solutions? How has it helped them?

Manufacturing Estimating Software Key Questions

Next, you need to thoroughly question potential vendors on the specifications of what the software offers. Here are a few questions to ask:

  • How many years of expertise do you have in the industry?
  • Is the software customizable to specific manufacturing workflows?
  • What integrations does the software offer?
  • What are the core strengths of the software?
  • Are there industry-specific templates?
  • How advanced is the BOM and cost estimating?
  • To what extent can the software automate repetitive tasks?

Next Steps

Investing in manufacturing estimating software can be a game changer for your bidding process. If you want to take the next step, a comprehensive needs assessment goes a long way toward making your dream software a reality. Use our free requirements template to help you trim your software shortlist. Good luck!

Product Comparisons

Jobber

User Sentiment:
User satisfaction level icon: excellent

Jobber is a cloud-based solution for field service professionals to manage operations and resources, offer customer support and expand business through features like real-time scheduling and dispatching, invoice creation and billing, quoting and expense tracking, integrated CRM, customizable automated workflows and more. Automated quotation helps close deals faster by delivering quick, accurate and professional quotes to clients via text, with a follow-up option. Users can personalize proposals by adding brand-centric product visualizations to customizable templates. Streamline quotation processes by leveraging one-click conversion, batch invoicing and on-site assessment offerings. Supporting small- to mid-sized businesses in over 50 service industries, it ensures seamless and efficient operations in a fast-moving industry, minimizing costs and maximizing resource utilization.

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PandaDoc

User Sentiment:
User satisfaction level icon: excellent

PandaDoc is an automated solution for easy documentation that offers insights, easy workflows and a fast, seamless buying experience. It allows teams to get more deals, create documents and be more predictable. Automated legal binding of eSignatures and its API ensures security, convenience and easy operations. Users can replicate the approval process by sending, creating and tracking documents such as proposals, quotes, contracts, forms and more. Integrations are available with Salesforce, HubSpot, Pipedrive, Zoho, Copper and more.

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FPX

User Sentiment:
User satisfaction level icon: great

FPX is a cloud-based solution to configure quotations for manufacturing equipment. It offers a purpose-built selling engine, domain expertise, collaborative selling and quoting, rapid deployment, and fast ROI. Users can minimize sales cycles, create accurate orders and quotations, and increase operational efficiency. It extends a selling cloud, product selector, configuration and pricing, project management, and business intelligence. It caters to both fluid handling equipment and mechanical equipment.

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Pros

User Sentiment:
User satisfaction level icon: great

PROS is an integrated solution that offers intelligence for commerce. It provides robust product catalogs, performance quote management, sales insights, market segmentation and customer-specific price optimization. Product and service configurations, streamlined agreements, omnichannel price management and real-time price delivery are some of its notable offerings. Users can engage with customers and sell personalized offerings using AI-powered technology. It provides a dedicated mix of CRM, eCommerce and an API for operational improvement.

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Conga

User Sentiment:
User satisfaction level icon: great

Conga is a cloud-based contract management, document generation and revenue management solution. Its Configure Price Quote (CPQ) module powers e-commerce by providing accurate pricing quotes with up-to-date product information. Business teams can create custom commercial documents and share them with others for online collaboration. It helps shorten contract lifecycles through automation of contract authoring, approvals and collaboration workflows.Salesforce teams can issue contract requests for approval, e-signature and subsequent housing in its document repository. In addition to streamlining processes from initial order placing to provisioning and delivery, it helps automate billing and invoice management for products, subscriptions and services.

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Zuora

User Sentiment:
User satisfaction level icon: great

Zuora is a cloud-based solution specifically made for companies that provide a subscription service or product to help them manage their finances. It serves customers in sectors such as media, communication, healthcare and B2C.It enables users to automate processes with the unique needs of subscription-centered operations in mind. Due to its support of a range of currencies and a variety of payment methods, it can be used by international companies. It also tracks KPIs such as Total Contracted Billing and Total Contracted Value and provides users with visualizations of important insights to further business development.

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FastSpring

User Sentiment:
User satisfaction level icon: excellent

FastSpring is a SaaS deployed, full-service ecommerce platform that helps businesses sell digitally. It offers integrations, risk management, financial compliance services and more through a unified dashboard. It extends an easy-to-install and globally accessible payment gateway and assists in subscription management, billing, tax and VAT collection. It accepts over 20 currencies and supports more than 15 languages.Users can increase efficiency, eliminate complexity and risks, and increase revenue by an estimated 40%. Additionally, it supports selling SaaS-enabled technologies through automated billing and dunning management. Its branded checkout experience helps reduce the cart abandonment rate.

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Salesforce CPQ

User Sentiment:
n/a

Salesforce CPQ is a cloud-based platform designed to give the most accurate price quote with any product configuration scenario. It simplifies the complex process of navigating price quotes through options and availability. Empower service providers and administrators with complete visibility into customer payment plans and easy, accessible setup.

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Qwilr

User Sentiment:
User satisfaction level icon: excellent

Qwilr is a proposal solution that offers easy document processing with automation, esignatures and integrations with technologies like Salesforce, Hubspot, Slack and Xero. It visually represents documents, making it easy to create and design proposals, quotes, client updates and more. It provides an extensive image and video library, pre-built design templates, custom subdomains and brand-specific fonts and colors. It simplifies communications and ensures easy operation through automated engagement tracking and payments. Editable quotes and an interactive dashboard provide a flexible customer experience.

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QuoteWerks

User Sentiment:
User satisfaction level icon: great

QuoteWerks is a web-based platform that streamlines quotes and proposal generation for companies of all sizes and industries. To enhance efficiency, it integrates with many CRM, accounting, shipping, vendor, distributor, payment gateway and leasing platforms. It offers real-time pricing, warehouse availability, product descriptions and images, electronic order submissions and more.

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Better Proposals

User Sentiment:
User satisfaction level icon: excellent

Better Proposals is an integrated platform that streamlines and speeds up professional proposal creation. Simplified templates, combined with digital multi-party signatures and a secure paywall, help procure business quicker. Its other aspects include real-time follow-up, project management, web automation and more. Users can personalize and recycle proposals, and select custom domains by adding the company content, logo or fonts to deliver a consistent client experience. Designed particularly for small and medium enterprises, it’s well-suited for a wide range of industries.

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Quoter

User Sentiment:
User satisfaction level icon: excellent

Quoter, a cloud-based system, helps close deals faster by automating the processes of creating professional proposals. It ensures seamless workflows through integrations with CRMs, PSAs, billing methods, email marketing and more. An easy-to-use interface allows businesses to regulate templates according to variables and reuse them, minimizing time and increasing quotation volume.Designed for technology service providers of all sizes, it ensures flexibility. All pricing plans accommodate unlimited users, with an onboarding fee.

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ResponsiBid

User Sentiment:
User satisfaction level icon: excellent

Responsibid is an AI-based tool that helps organize quotation processes by providing instant, precise quotes. Designed to generate quotes via in-person interaction, mobile devices and websites, it allows users to eliminate bottlenecks and develop leads on the go.It syncs with Google Calendar and automates sales through online purchasing and follow-up options. Video and CRM integrations help users create personalized proposals to close more deals. Workers can track closing rates, average ticket price, lead sources and more. It offers customizations for business-specific optimization.

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Vendavo

User Sentiment:
User satisfaction level icon: great

Vendavo is a cloud-based platform that assists B2B enterprises by steering them towards an ecommerce-driven approach to optimizing prices and profits. AI-enabled processes help deliver product configurations, real-time business insights, increased win rates and more. It ensures an enhanced customer experience by applying intelligent pricing guidance as per global parameters. It offers a profit analyzer, margin bridge analyzer, deal price guidance and business risk alerts.Users can implement 2D and 3D visualizations to create extensive proposals compatible with business needs. It’s suitable for businesses with complex operations, and multiple offerings and pricing strategies.

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Camos

User Sentiment:
User satisfaction level icon: excellent

Camos is a customizable solution for streamlining sales processes by providing relevant and accurate data. It acts as a buffer between an organization and its clients by configuring offerings as per requirements. Users can seamlessly integrate with existing work infrastructures to allow bi-directional data exchange for a consistent workflow across all their technologies. It provides quick quote generations and accurate price calculations, and delivers a digitalized distribution process right from development to lifecycle forecast.

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Zilliant

User Sentiment:
User satisfaction level icon: great

Zilliant is a cloud-based platform that streamlines pricing and sales processes for B2B companies. It helps manage inventory, deals, campaigns and more, empowering businesses to get strategic leads. Real-time market pricing extracts data from varied sources to deliver optimized prices as per industry standards.Integration via native connectors ensures shorter implementation time and more coordinated workflows. With unlimited virtual scalability, it’s suitable for manufacturers, distributors and wholesalers looking to automate delivery of diverse offerings with complex pricing structures.

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Experlogix

User Sentiment:
User satisfaction level icon: great

Experlogix is an integrated solution for product configuration and automating the quote-to-order fulfillment process. Users can streamline operations and simplify order processes by implementing approval workflows and creating pricing rules.It allows users to complete complex configurations and visualize modifications without programming. Implementation can be on-premises or cloud-based. It integrates with ERP and CRM platforms, including Microsoft Dynamics, Salesforce and NetSuite.

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SAP CPQ

User Sentiment:
User satisfaction level icon: great

SAP CPQ is a cloud-based solution designed to streamline quote fulfillment and eliminate pricing errors. Users can configure products by using step-by-step selection and defining product rules. It enables customers to view product modifications and place orders.Sales representatives can generate and update quotes using any internet-accessible device. Ideal for omnichannel selling, the AI-powered tech automates and generates upsell and cross-sell options. It integrates with various CRM and ERP systems and is available in multiple languages and currencies.

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Cincom

User Sentiment:
User satisfaction level icon: good

Cincom is a cloud-based platform that provides flexible sales automation and price configuration, embedded in Microsoft Dynamics 365. It allows businesses to adapt to market changes through continuous updates. Real-time pricing and quoting options help create instant proposals, eliminating pricing errors.An easy-to-implement and user-friendly interface enables smooth onboarding for new sales reps. Native integration with Dynamics CRM empowers businesses to create branded, error-free documents for a consistent customer buying experience. Front-end and back-end customizations are available.

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Verenia

User Sentiment:
User satisfaction level icon: excellent

Verenia is a cloud-based module native to NetSuite that helps businesses increase sales by creating quick and accurate quotes. Designed to cater to manufacturing's specific needs, it enables users to configure complex products by providing a well-rounded, 3D view. It offers real-time updates on industry trends with the latest information to ensure guided selling and ordering.Users can opt for built-in or external CRM and ecommerce integrations, tweak the customizable interface to fit organization requirements and leverage the built-in forecasting and follow-up inclusions to drive sales.

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Configure One

User Sentiment:
User satisfaction level icon: great

Configure One is a web-based price quoting software designed to simplify and speed up the sales configuring process. It uses visualization and CAD functions to display prospective product configurations to customers. Users can integrate data with CRM and ERP systems. It also features a comprehensive data overview and rules-based programming for management.

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SignTracker

User Sentiment:
n/a

SignTracker is a well-known software product that ranks 157 among all Project Management Software according to our research analysts. Starting from $49, SignTracker is priced fairly and commonly offers a free trial.

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Tacton

User Sentiment:
User satisfaction level icon: great

Tacton is an automated solution that boosts and accelerates sales with quick quote generation, extensive brand-centric proposals and streamlined operational tasks. It configures offerings for sales reps and customers according to specific requirements, reducing sales cycles and ensuring high win rates. Design automation minimizes errors and reduces time spent on repetitive modeling when generating documents, drawings and 3D CAD models. Users can leverage integrations with CRMs and ERPs for smoother workflows.

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Oracle CPQ

User Sentiment:
User satisfaction level icon: great

Oracle CPQ is a cloud-based platform that provides optimizations for creating, customizing and finalizing purchase orders for medium to large-scale businesses. It empowers teams to generate comprehensive proposals, contracts and custom-branded documents. Its built-in intelligence offers automated, intuitive and real-time configurations that enable sales teams to determine customer needs and close deals faster.It offers guided pathways that accommodate dynamic industry trends to deliver the optimal product mix. Users can access it from any device for real-time interaction with customers. It also includes language flexibility, end-to-end integration, e-signature and more.

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Pricefx

User Sentiment:
n/a

Pricefx is a cloud-optimized solution that provides necessary inclusions for creating an optimal pricing strategy. It offers a 360-degree view of pricing plans, segmented price lists, quick calculations, simulation checks and more. AI-powered sales insights deliver actionable intelligence as per industry and company standards, reducing sales cycles and increasing quote win rates.Integrations with legacy connectors and the ability to pull data in any format ensure consolidated, comprehensive data visibility and processes. Users can access advanced analytics via classified dashboards and an easy-to-use interface.

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Infor CPQ

User Sentiment:
User satisfaction level icon: great

Infor CPQ is a cloud-based software that aims to enhance the customer quote experience through visuals. The visuals are incorporated in every step of the process, from interest generation to quote capturing. During the configuration process, sales employees can refer to a generated product image based on selected options.

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Facturama

User Sentiment:
n/a

Facturama is a popular software system that ranks 120 among all Billing And Invoice Software according to our research analysts. Starting from $50, Facturama is priced at a bargain, commonly offers a free trial and is most advisable for larger sized corporations. Facturama can be deployed online.

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Powertrak

User Sentiment:
User satisfaction level icon: excellent

Powertrak is a cloud-based software designed to streamline quote configuring. It maximizes efficiency by tailoring the program specific to a company. It offers advanced visualization and virtual reality imaging to better aid customers’ understanding of products. Users can create mockups and demonstrate prospective products throughout the quote process.

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Involve.me

User Sentiment:
User satisfaction level icon: excellent

Involve.me is a well-known application that ranks 61 among all Customer Experience Software according to our research analysts and 55 crowd-sourced reviews from 1 source. Starting from $19, Involve.me is priced lower than average, has offered a free trial in the past and is most applicable for businesses large and small. Involve.me can be deployed in the cloud.

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Conga CPQ

User Sentiment:
n/a

Conga CPQ is a cloud-based platform designed to increase sales by leveraging AI and acting as a guided sales coach. Users can insert their data and customize the sales processes from several models to create a unique quoting and purchasing experience.

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Apparound

User Sentiment:
User satisfaction level icon: excellent

Apparound is a popular platform that ranks 31 among all CPQ Software according to our research analysts and 11 crowd-sourced reviews from 1 source. Apparound is most fitting for companies large and small. Apparound can be deployed online and on-premise and is accessible from a limited number of platforms including Windows and Linux devices.

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servicePath

User Sentiment:
User satisfaction level icon: excellent

ServicePath is a platform designed to simplify complex price quotes with automated workflows. Centralized tools ensure accurate, fast quotes and monitor client contracts and renewals. Easy-to-use setup screens and audit logs keep management in the hands of system administrators.

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Excel-to-Word Document Automation

User Sentiment:
User satisfaction level icon: excellent

Excel-to-Word Document Automation is a well-known solution that ranks 33 among all CPQ Software according to our research analysts and 32 crowd-sourced reviews from 1 source. Starting from $9.95, Excel-to-Word Document Automation is priced at a low cost and is most advisable for any business. Excel-to-Word Document Automation can be deployed online and on-premise and is accessible from a handful of platforms including Windows devices.

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IBM Sterling CPQ

User Sentiment:
n/a

IBM Sterling is a web-based software used for generating price quotes and operating order management. It offers AI-powered data trends to optimize configuring and product processes. Users can access a centralized pricing system to automate changes and control the quote-to-order process with additional visibility. It integrates with ERP systems for added flexibility and multi-channel model usage.

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CIS Configurator

User Sentiment:
User satisfaction level icon: excellent

CIS Configurator is a popular software solution that ranks 35 among all CPQ Software according to our research analysts and 28 crowd-sourced reviews from 2 sources. Starting from $995, CIS Configurator is priced high but within reason and is most advisable for small-to-mid-sized businesses with less than 1000 employees. CIS Configurator can be deployed online and on-premise and is accessible from a limited number of platforms including Windows and Linux devices.

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Stockito

User Sentiment:
User satisfaction level icon: excellent

Stockito is a unique software product that ranks 299 among all CMS Software according to our research analysts and 2 crowd-sourced reviews from 1 source. Starting from $9, Stockito is priced fairly, has offered a free trial in the past and is most fitting for companies on the small or medium side.

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Real People... with Data

We know selecting software can be overwhelming. You have a lot on the line and we want you to make your project a success, avoiding the pitfalls we see far too often.

As you get started with us, whether it be with Software Requirements templates, Comparing, Shortlisting Vendors or obtaining that elusive Pricing you need; know that we are here for you.

Our Market Research Analysts will take calls, and in 10 minutes, take your basic requirements and recommend you a shortlist to start with.

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