CPQ software can also be integrated with contract lifecycle management (CLM) systems to streamline and automate the sales process.

CLM systems are used to manage the entire lifecycle of a contract, from creation to expiration. By integrating CPQ with CLM, companies can ensure that all relevant information, such as customer information, product and service details, and pricing, is included in contracts. This can help to ensure that contracts are accurate and that all relevant information is included, which can help to increase the chances of closing a sale.

The integration of CPQ and CLM systems can also automate the contract generation process, by using the information provided in the quote or proposal to automatically generate a contract. This can save time and reduce errors by eliminating the need for manual data entry. It also allows for the integration of e-signature capabilities, which allows customers to sign the contract electronically.

In addition, CPQ integration with CLM can help to manage the contract lifecycle, from creation to expiration. This includes tracking the status of a contract, managing renewals, and handling contract changes. This can help to ensure that contracts are up to date and that all relevant information is included.

In summary, integration with contract lifecycle management (CLM) systems is a key feature of many CPQ solutions. It allows companies to ensure that all relevant information, such as customer information, product and service details, and pricing, is included in contracts. It also helps to automate the contract generation process and manage the contract lifecycle from creation to expiration. This can help to increase the chances of closing a sale, save time and reduce errors by eliminating the need for manual data entry. It also allows for the integration of e-signature capabilities, which allows customers to sign the contract electronically.