Zimit

Zimit is a cloud-based quotation customization (CPQ) solution designed for the enterprise services industry.

History

2021: Workday bought Zimit

On September 8, 2021, Workday announced the acquisition of Zimit, which manufactures software to automate configuration, pricing and pricing for the service industry.

Workday previously invested in Zimit through the venture capital division of Workday Ventures. In September 2020, Workday integrated Zimit software into its platform.

Workday bought a software developer to automate sales

Configure, price and quote (CPQ) generates offerings for configurable technology products and services, including subscriptions, professional services, managed services, end-to-end solutions, and XaaS.

This acquisition is aimed at improving the quality of customer service. For Workday, this was an organic continuation of their work on automation of professional services. Workday's existing PSA tools can create a project and collaboration in the service industry, combining everything from finance to resource management into a single view. Now this view takes a critical step closer to the client with a configuration solution, price, offer that determines the exact needs and expectations of the client, "said Lisa Miller, vice president and chief analyst at Constellation Research.

Zimit integrates with the Workday Professional Services Automation (PSA) platform, which is used to manage projects and resources, including spending tracking, project billing, and revenue recognition. According to Workday, integration of Zimit takes the project of the client and provides transition from the offer to the offer and from the offer to the offer to the PSA platform.^[1]

Notes