Mart Research

How Usage of CPQ Software will Benefit your Business

Blog post   •   Jan 26, 2018 07:45 EST

Reduce Pricing Errors Substantially

Now say goodbye to errors in pricing and product selection. No matter what combination of products you choose to create a configuration, the CPQ tool ensures that the right prices are reflected in the quote. The pricing engine, a software component of CPQ tool, automatically applies the right pricing logic for that combination of products. So whether it is special pricing or discount, the pricing engine instantly applies appropriate pricing strategy for that product combination. It ensures that product prices are consistent across different transactions with customers.

Waiting time for Complex Quote Reduces Considerably

CPQ softwaregives you the ability to present some of the most complex quotes right away. This is because all the pricing and product information is available at your fingertips. With just a few clicks, you are able to prepare and revise quotations. Time spent per quote dramatically reduces. Hence creating a customized product configuration is never an issue when you are using this software tool.

Your customers no longer have to wait for hours or days to know how much your quote will cost. You are able to create and send accurate quotes quickly and close bigger deals faster. No wonder, win ratio will always remain high when you incorporate CPQ solution into your business.

Spend your Valuable Time on Selling

You no longer experience delays in your quoting process. You get unprecedented workflow speed and productivity with Configure price quote software. All this translates into better time management and more free time to handle prospects and customers. No wonder, studies have shown that CPQ tool that automates the quoting process leads to higher conversion rate and provide a greater return on investment.

On the whole, usage of CPQ software provides an easy way to sell complex products. It will help to increase efficiency and drive revenue growth.