- Case study
Fast, seamless quoting for a Fortune 500 firm
Speeding up turnaround time for this subscription service provider bolstered CX in a big way
A Fortune 500 software and services company
Enquero, a Genpact company, evaluated our client's renewals quoting system, isolated the issues that were slowing down the process, then designed and deployed a solution that addressed those challenges – and more
A big boost in customer satisfaction and a faster, sleeker renewal quotes process for stronger business outcomes
More companies are relying on subscription-based models, such as software as a service (SaaS), to help them conduct business for their own – and for their customers' – convenience. Yet the renewal quote generation process can often be complex, frustrating, and time-consuming, hurting the bottom line of subscription providers and their clients alike.
Subscription providers know that upselling, cross-selling, and renewals are critical to their success. Our client had a huge customer base, but making good use of it when it came to quoting presented a challenge. The system was a hodgepodge of purchase histories, discounts, and details about former customers, all mixed in with enterprise licensing agreements (ELAs).
The company was just getting by creating and managing quotes using configure, price, quote (CPQ) platforms, specifically one offered by a leading cloud-based solutions provider. But quoting on renewal agreements was a major pain point. Getting them right required extracting information from thousands of lines of code pertaining to past purchase histories while the system scoured the installed base (IB) for key details. The process bore the burden of several problems:
Enquero conducted a thorough analysis of all the use cases in our client's existing CPQ environment. The team quickly discovered that the existing CPQ had limitations: it couldn't scale or customize to allow for more complex computations when creating renewal quotes. With that knowledge in hand, we worked with our client and devised the following solution:
The new renewal quote creation platform helped the company achieve:
And because we made the Augmented CPQ solution scalable, our client can now adapt it for use with other functions, such as deal management, IB administration, and finance.