Configure, Price, Quote, or CPQ is software that helps companies accurately value products on a wide spectrum of constantly changing variables. CPQ software aggregates these variables, which in turn enables companies to configure products or services in the most optimal way (e.g. packaging, upsell, etc.), evaluate them based on cost, competition, and economic factors. premises and the customer can set the absolute price. price. best possible price according to all the above factors.
What are the benefits of CPQ software
If your business offers complex and configurable services, you know how difficult it can be to provide accurate quotes to customers or potential customers. A major benefit of Services CPQ software is that it provides an efficient, automated solution for determining quotes and eliminates the guesswork (and the human error component) of traditional estimating processes.
While there are many different types of Configure Price Quote software, for the purpose of this post, we will discuss the benefits of Services Free CPQ, a service delivery tool that FinancialForce offers as part of our Professional Services Cloud Solutions.
What is Services CPQ software?
Preparing new quotes and quotes can be challenging. It involves gathering information from multiple sources, ensuring that offers are competitive and profitable, while respecting company policies, business goals and financial goals.
Estimation is critical to business success, but many companies still have to rely on the use of spreadsheets and other custom-developed systems.
In short, Services CPQ software gives you all the information you need in one place. It allows you to easily model resources, prices, discounts and expenses to produce the best result for you and your client.
The benefits of CPQ software for services aren’t hard to find.
- Deliver the best estimates
- Achieve targets and stay compliant
- Be able to work faster and more efficiently
- Match capacity and demand
- Smooth and seamless process
- These short phrases sound promising, but if you’re making decisions for your company, you want to know what those benefits really mean for you and your team. Let’s break down each of the benefits of Services CPQ so you can understand exactly what a CPQ solution can do for your growing organization.