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.
CPQ integration with Variant Configurator
CPQ software can also be integrated with variant configurator systems, which are used to help customers configure and price complex products or services.
A variant configurator system allows customers to select different options and features for a product or service, and provides real-time pricing and availability information. By integrating CPQ with a variant configurator, companies can ensure that all relevant information, such as customer information, product and service details, and pricing, is included in quotes and proposals.
The integration of CPQ and variant configurator systems can also automate the quote and proposal generation process. The customer's configuration and pricing can be automatically transferred from the variant configurator to the CPQ system, which can generate a quote or proposal based on the customer's configuration. This can save time and reduce errors by eliminating the need for manual data entry.
Additionally, the integration of CPQ and variant configurator system allows for the automation of the ordering process, as well as the provisioning and delivery of the configured product.
In summary, integration with variant configurator 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 quotes and proposals. It also helps to automate the quote and proposal generation process, save time and reduce errors by eliminating the need for manual data entry, and also automating the ordering, provisioning and delivery process.