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.
Indirect sales with CPQ
CPQ software can also be used to support indirect sales, which refers to sales that are made through intermediaries such as resellers, distributors, and partners.
One of the key features of CPQ for indirect sales is the ability to configure and price products and services for different types of partners. This can include setting different pricing, discounts, and margins for different partners. This can help to ensure that quotes and proposals for indirect sales are accurate and that all relevant information is included.
Another important feature of CPQ for indirect sales is the ability to manage and track the performance of partners. This can include tracking sales, commissions, and other metrics. This can help to identify top-performing partners and can help to improve the overall performance of the indirect sales channel.
In addition, CPQ can also be used to handle the provisioning of products and services to partners, which is the process of setting up and configuring a product or service for a partner. This can include creating partner accounts, setting up access permissions, and configuring the product or service for the partner.
In summary, CPQ software can be used to support indirect sales, which refers to sales that are made through intermediaries such as resellers, distributors, and partners. Key features include the ability to configure and price products and services for different types of partners, manage and track the performance of partners, and handle the provisioning of products and services to partners. This can help to ensure that quotes and proposals for indirect sales are accurate, improve the performance of the indirect sales channel and make the provisioning process more efficient.