Configure, Price, Quote (CPQ) Software

CPQ stands for Configure, Price, Quote. It's a software application that helps businesses automate the process of generating sales quotes, especially for products or services with various configurations.

Operations Management

What is Configure, Price, Quote (CPQ) Software?

Configure, price, quote (CPQ) software helps companies streamline the sales process by enabling sales teams to quickly generate accurate quotes for orders. CPQ software often integrates with customer relationship management (CRM) and enterprise resource planning (ERP) systems to ensure pricing accuracy, product configuration and compliance with sales rules. This integration enhances the efficiency and effectiveness of the sales process.

Using CPQ software, businesses can reduce the time and effort required to produce quotes, minimize errors and improve customer satisfaction. The software allows for customization of products and services according to customer needs, ensuring quotes are precise and aligned with the company's pricing strategies. Overall, CPQ tools help companies increase sales efficiency and close deals faster.