Veloce provides a supercharged Configure, Price, Quote (CPQ) solution that enables Salesforce users to efficiently manage complex quotes with thousands of line items and intricate pricing rules. The platform enhances transaction processing speed by 10-20 times, significantly reducing system time-outs and improving the overall quoting experience for sales and renewal teams.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Sales teams using Salesforce often struggle with complex pricing rules and large, intricate quotes, leading to system timeouts and a slow, frustrating quoting process. Managing renewals, amendments, and usage-based pricing models within Salesforce CPQ can be particularly challenging. Existing CPQ solutions may lack the flexibility to adapt to specific business needs and integrate with other systems, resulting in compromised processes and poor user adoption.
Solution
Veloce provides a Configure, Price, Quote (CPQ) solution built natively on Salesforce, designed to streamline complex quoting processes and improve the user experience. The platform enables sales and renewal teams to efficiently handle add-ons, renewals, and amendments within a single quote, even with hundreds of groups and thousands of line items. Veloce's composable architecture and API-first approach facilitate integration with any commerce platform, allowing for a seamless, omnichannel CPQ experience. The solution also supports usage-based quoting and billing, optimizing transaction pricing to maximize revenue across different models while ensuring accurate revenue recognition.
Target Audience
Veloce targets sales and revenue teams, particularly those in communications, media, telecommunications, high tech, SaaS, life sciences, medical devices, manufacturing, and financial services, who require efficient handling of complex quotes within Salesforce.
Features
- Processes transactions 10-20x faster than standard Salesforce CPQ, eliminating system timeouts
- Designer UX configurable to handle any size Quote Line Editor (QLE) with user-defined interfaces
- API orchestration efficiently moves granular changes and large volumes of data
- Composable architecture extends beyond Salesforce to incorporate data and logic across multiple systems
- Supports any depth of product hierarchy with rules that traverse many groups
- End-to-end solutions for usage-based offerings, optimizing transaction pricing and revenue recognition
- Forward compatibility with Salesforce Revenue Lifecycle Management (RLM)
- Low-code API manager to build and expose high-level APIs using low-level building blocks