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PROS and Icertis Partner to Bring Integrated Lead-to-Contract Solution for Frictionless Commerce in the Microsoft Cloud

PRO | May 25, 2016

PROS and Icertis Partner to Bring Integrated Lead-to-Contract Solution for Frictionless Commerce in the Microsoft Cloud

End-to-end solution to create seamless selling and contracting experience for sellers and their customers in the modern enterprise

PROS^® (NYSE:PRO), the revenue and profit realization company, and Icertis, the leading provider of contract lifecycle management on Microsoft Azure, today announced a technology integration and go-to-market partnership that will deliver a seamless and easy-to-use lead-to-contract solution in the cloud.

The integrated solution – PROS Smart CPQ, Icertis Contract Management (ICM) platform and Microsoft Dynamics – will provide a unified experience for sales, legal and finance to manage leads, configure and price quotes, and close customer contracts.

The new offering will help enterprises compete in the modern marketplace, where simplifying the buying and selling experience is quickly becoming the new competitive playing field. By combining PROS Smart CPQ with the Icertis Contract Management platform, sellers can more accurately predict customer needs and prescribe – in real-time – product configurations, price guidance, quotes, proposals and execute contracts, helping drive higher revenue and faster profit realization.

“Companies competing in today’s marketplace know firsthand that creating great customer experiences is redefining the competitive playing field,” said PROS President and CEO Andres Reiner. “Our enterprise-class customers realize they must create a personalized, frictionless customer experience for doing business across all of their channels. The Icertis relationship builds on our strategy of collaborating with partners to modernize business processes and increase business velocity. We look forward to bringing this joint solution to the Microsoft ecosystem using Dynamics and Azure to help our customers outperform.”

"The Icertis Contract Management platform helps transform contracts from plain documents to core assets for intelligent insight,” said Samir Bodas, co-founder and CEO of Icertis. “With the integrated ICM and PROS Smart CPQ solution, sales professionals will not only be able to seamlessly create contracts from quotes, it will amplify the customer experience by providing access to rich insights in existing contracting relationships.”

“The cloud is driving new technologies that provide customers with greater consistency, speed and transparency,” said Hayden Stafford, Microsoft Vice President of Worldwide Dynamics Enterprise Sales. “Together, PROS and Icertis are helping customers increase both the efficiency and effectiveness of their operations to realize more of their revenue and profit potential. These solutions maximize the return on investments of our customers’ deployments of Microsoft Dynamics CRM and Microsoft Azure. The two award-winning companies are innovators that are helping us deliver on our mission of helping people achieve more.”

PROS Smart CPQ and Icertis Contract Management

PROS Smart CPQ delivers data science-driven product and price guidance directly to the sales team, and automates configuration, price and quote processes that enable them to quickly create solutions designed specifically for each customer. PROS Smart CPQ turns CRMs into a revenue and profit engine.

Icertis Contract Management is an easy-to-deploy, easy-to-adopt and easy-to-use cloud-based contract management platform for global enterprises. The highly configurable and intuitive solution can be configured to work within existing sales, legal and procurement processes to reduce contracting complexity, improve governance, mitigate risk and enhance user productivity.

To learn more about the PROS and Icertis partnership, visit the PROS website to view a new video. To learn more about PROS and Icertis, visit their websites. Follow PROS on Twitter @PROS_Inc. Follow Icertis on Twitter @Icertis.

About Icertis

Icertis is the leading provider of contract lifecycle management in the cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable and continually adapts to complex business needs. Today, ICM is used to manage 2+ million contracts, by 500,000+ users, in 90+ countries and 40+ languages. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise. For more information, visit www.icertis.com

About PROS

PROS Holdings, Inc. (NYSE:PRO) is a revenue and profit realization company that helps B2B and B2C customers realize their potential through the blend of simplicity and data science. PROS offers cloud solutions to help accelerate sales, formulate winning pricing strategies and align product, demand and availability. PROS revenue and profit realization solutions are designed to allow customers to experience meaningful revenue growth, sustained profitability and modernized business processes. To learn more, visit pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of revenue and profit realization software to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with revenue and profit realization software and its current expectations of the benefits of revenue and profit realization software for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s revenue and profit realization software needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of revenue and profit realization software such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.