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What is CPQ?
Configure, Price, Quote

CPQ stands for Configure, Price, Quote. It is a software tool that helps companies streamline and automate their sales processes. The main goal of CPQ is to make it easy for sales teams to create accurate and consistent quotes for their customers in a timely manner.

Start your Configure, Price, Quote journey at predictable time and cost with CLARITY and SAP CPQ.

CPQ integration with Pricing Optimization and Management

CPQ software can also be integrated with pricing optimization and management solutions, which are used to optimize pricing strategies and improve profitability.

Pricing optimization and management solutions can help companies to determine the optimal price for a product or service, based on factors such as market conditions, customer demand, and competition. By integrating CPQ with a pricing optimization and management solution, companies can ensure that all relevant information, such as customer information, product and service details, and market data, is included in quotes and proposals.

The integration of CPQ and pricing optimization and management solutions can also automate the process of pricing, by using the information provided by the pricing optimization and management solution to automatically set prices in the CPQ system. This can save time and reduce errors by eliminating the need for manual data entry.

Additionally, the integration of CPQ and pricing optimization and management solutions can also help companies to monitor and adjust prices in real-time, based on market conditions, customer demand, and competition. This can help to ensure that prices are competitive and that the company is maximizing profitability.

In summary, integration with pricing optimization and management solutions 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 market data, is included in quotes and proposals. It also helps to automate the process of pricing, save time and reduce errors by eliminating the need for manual data entry, and monitor and adjust prices in real-time based on market conditions, customer demand, and competition. This can help companies to optimize pricing strategies and improve profitability.

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