MonetizeNow CPQ revolutionizes B2B SaaS with an all-in-one no-code solution for quoting, billing, and customer usage tracking. Designed for high-growth enterprises and startups, it streamlines go-to-market strategies with efficiency. It supports both self-serve and complex deals while helping sales reps close faster with a modern interface. Plus, it seamlessly integrates with sales CRM and e-signature tools.
MonetizeNow is a comprehensive subscription platform that goes beyond quoting. Its powerful billing engine and real-time usage metering seamlessly automate invoicing. Supporting consumption-based billing and enabling product-led growth (PLG) delivers unmatched flexibility and scalability.
Why this product is good
Positives of MonetizeNow’s CPQ Software
Product Details
What is MonetizeNow CPQ?
MonetizeNow is a modern SaaS CPQ solution that specifically addresses the challenges associated with the modern SaaS business model. Sales reps use it to deliver complex software quotes, which include discounts, custom pricing tiers, and usage-based components (plus one-time fees for implementation and professional services).
Features include:
- Rep-facing and self-service quoting
- Customizable quote templates
- Extensible pricing and product rules
- Invoice and dunning automation
- Real-time usage metering
- Revenue recognition automation
- Sales insights and quote tracking
Rep-facing and self-service quoting. Reps can generate quotes with multiple products, add-ons, and rate plans for ramp deals and other complex models. Since APIs support every UI feature, you can integrate MonetizeNow with your website and customer portals.
Customizable quote templates. Quote templates let you customize the data shown on quote presentations, which including billing schedules and credits, product descriptions, pricing models, discounts, and proration. You can set default payment terms and customize options for sales users to choose from.
Extensible pricing and product rules. The MonetizeNow product catalog supports Subscription, Usage, One-Time, and Minimum Commit components, with pricing structures as simple or complex as you need. Centralized management and real-time updates to all your product rules and pricing contingencies (e.g., discounts and account-based pricing) ensure sales reps always have the latest info for their quotes.
Invoice and dunning automation. MonetizeNow automatically charges customers in their local currency at the beginning of their billing period (whatever length that may be). You can program automatic retries after X number of days, trigger reminder emails, and even offer multiple payment methods for customers to pay their invoices.
Real-time usage metering. MonetizeNow’s real-time metering platform can scale to billions of events per day and supports minimum commit, pre-paid credits, and pay-as-you-go models.
Revenue recognition automation. Finance and RevOps teams use MonetizeNow’s billing platform to make mid-cycle changes, such as contract amendments, add-ons, and plan upgrades or downgrades. The tool also enables compliant revenue recognition according to ASC 606.
Sales insights and quote tracking. Sales reps can track deals in their pipeline, check quote statuses and viewership history, and see which action items still need to be completed. Admins can track overall sales and revenue performance, rep productivity and efficiency, and other performance metrics.
What are the advantages of using Cincom CPQ?
MonetizeNow CPQ Benefits
Here’s a look at the platform’s essential benefits:
- Task and workflow automation help sales reps close deals faster, while maintaining 100% quote accuracy and consistency.
- Product rules in CPQ ensure every subscription package and rate plan is tailored to a customer’s unique needs, but also feasible for your business.
- Granular metering enables you to implement flexible usage-based models, enabling your reps to sell into a larger target customer base.
- Self-service portal lets customers manage their subscriptions on the go. MonetizeNow’s intuitive UI makes it easy for them to understand their quote.
- Eliminates data and billing silos associated with spreadsheet-based or disparate systems by centralizing everything in one platform.
- Revenue recognition automation significantly reduces compliance risks associated with reporting and reconciliation errors.
What industries are CPQ solutions best suited for?
MonetizeNow CPQ for Industries
MonetizeNow is designed to address the challenges Salesforce and HubSpot users in the IT Services and SaaS industries face when quoting products and services. Here’s how it caters to them:
IT Services
Standardized Offerings: MonetizeNow allows defining various service models like subscriptions, one-time fees, or usage-based billing. This flexibility helps IT service companies accurately configure service packages for clients.
Centralized Pricing Management: Complex pricing structures with multiple factors can be built and managed centrally. This ensures IT service companies present consistent and up-to-date pricing to clients.
Real-time Updates: Changes in service offerings or pricing rules are reflected immediately in quotes. This empowers IT service companies to provide clients with accurate quotes without delays.
Account-Specific Pricing: The tool allows users to create custom rates for specific clients directly within the quote. This enables IT service companies to offer competitive pricing for valuable accounts.
SaaS
Multiple Offering Types: MonetizeNow allows defining various offerings like subscriptions, one-time fees, usage-based pricing, and minimum commitments. This flexibility caters to diverse SaaS pricing models.
Comprehensive Pricing Structures: Build simple or complex pricing structures with ease. You can centrally manage these structures, ensuring consistency across your sales team’s quotes.
Real-time Updates: Product catalog changes and pricing rules update automatically. This empowers sales reps to provide the most up-to-date pricing during quoting.
Native Support for SaaS: MonetizeNow is built specifically for SaaS with features like amendments, renewals, and recurring subscriptions.
Prices
MonetizeNow CPQ Pricing
MonetizeNow only offers subscription pricing based on the number of users and your implementation requirements. Contact the sales team for a custom quote.
Is there anyone else out there?
Competitors and Alternatives to MonetizeNow CPQ
Although MonetizeNow is one of the most advanced new CPQ solutions for the SaaS industry, it isn’t the only one out there. There are MonetizeNow alternatives with subscription management and CPQ capabilities, as well as traditional CPQ players that have added subscription management features. When selecting the right CPQ vendor, it’s important to consider factors like product capabilities, integration options, and your internal workflows.
Top MonetizeNow CPQ Alternatives
DealHub CPQ
DealHub CPQ is a well-known and popular option for SaaS companies. It, too, offers standard CPQ features, plus subscription- and usage-based billing. Compared to MonetizeNow, it’s a more extensive platform with contract lifecycle management (CLM) and digital sales room (DealRoom) modules. This means you can use the DealHub platform to deliver quotes and sales proposals, centralize sales communication (no more emailing back-and-forth), and save every sales document in a cloud-based contract repository. It also offers more collaborative features, plus sales commission calculation, native e-signature functionality, and buyer engagement insights.
Vendori CPQ
Vendori CPQ is a powerful solution designed to meet the needs of SaaS businesses with diverse sales models, including subscriptions, one-time sales, and complex product configurations. Its no-code system configuration enables teams to quickly adapt pricing rules without IT support, while guided selling ensures sales reps stay within approved margins during negotiations. The comprehensive product catalog simplifies quote creation with accurate product details, and the platform streamlines subscription management across the entire lifecycle, from setup to cancellations. Additionally, Vendori’s deal analytics provides actionable insights to optimize pricing strategies and improve sales outcomes. With its robust feature set, Vendori CPQ offers a versatile alternative to MonetizeNow CPQ, catering to a wide range of sales scenarios.
Conga CPQ
Conga CPQ offers advanced configuration capabilities, excelling in managing intricate product relationships and complex pricing scenarios, making it ideal for customizable products or services. Its flexible pricing and discounting tools enable businesses to optimize profitability with rules for discounts, bundling, and volume pricing. Guided selling and collaboration features assist sales teams by recommending profitable configurations and streamlining the quote-to-cash process. The platform supports asset-based ordering, making it suitable for businesses offering bundled solutions like hardware and software. As a cloud-based solution, Conga CPQ ensures accessibility from anywhere, empowering remote sales teams to close deals efficiently.
Subskribe
Subskribe CPQ is a unified platform tailored for SaaS businesses, streamlining sales, billing, and finance workflows with automated quoting, billing, and revenue recognition. Its user-friendly interface and robust integrations connect seamlessly with CRM and sales tools, minimizing manual tasks and errors to accelerate the quote-to-cash process. Designed to handle complex SaaS pricing models, Subskribe ensures accurate quotes for tiered subscriptions, usage-based fees, and per-user charges, enabling faster deal closures. Automated revenue operations, including recognition, reconciliation, and renewals, allow RevOps teams to focus on strategic selling. Additionally, its actionable analytics dashboard provides deep insights into sales performance, empowering data-driven decision-making and process optimization.
Nue
Nue simplifies SaaS quoting and sales management with its intuitive drag-and-drop interface, enabling sales reps to quickly create accurate quotes and focus on customer relationships. Its real-time visibility tools give sales managers insights to track progress, resolve roadblocks, and optimize the sales process. The dynamic Quote Builder allows on-the-fly pricing and discount adjustments within Salesforce, ensuring flexibility and precision. Seamless integration with Salesforce eliminates the need for multiple tools, improving efficiency and accelerating quote turnaround times. Connecting with other Nue products offers a holistic solution for managing the customer lifecycle, from upselling to subscription renewals and billing.
FAQs
Common Questions and Answers
MonetizeNow CPQ automates quoting and billing by using product rules, workflows, and customizable templates to create quotes with 100% accuracy. SaaS companies can set up recurring billing out-of-the-box, even for usage-based billing models.
MonetizeNow’s extensive library of bi-directional connectors includes Salesforce, HubSpot, NetSuite, DocuSign, QuickBooks, Xero, Sage, Stripe, and AWS.
Andrew is a professional copywriter with expertise in creating content focused on business-to-business (B2B) software. He conducts research and produces articles that provide valuable insights and information to his readers.
