
What is Configure Price Quote (CPQ)?
September 9, 2021CPQ software allows users to efficiently configure complex products, price them, create a quotation, and build a compatible product basket for purchase.
A CPQ tool has built-in product validation rules, pricing, promotions, and stock available in real-time.
CPQ applications are used by sales teams, channel partner sales teams and eCommerce sites.
A well-designed CPQ tool achieves many benefits for sellers and buyers.
- A better, faster and consistent CX, making transacting organisations easier to do business with.
- Increase deal sizes by cross-selling/up-selling with auto-add and recommended options.
- Eliminates errors, reducing costly customer returns.
- Creates a competitive edge with the speed and accuracy at creating quotes, compared to other sellers.
- Frees up sales staff to work on solving customer problems and on larger, more profitable deals.
A CPQ tool increases sales and improve your customer experience.
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