CPQ is an abbreviated form of configure, price, and quote. This is a trustworthy sales software tool that assists in pricing different commodities as per the market competition. Most international organisations and IT companies have benefitted from the utility of such software solutions. The best cpq software tools befit the market assessment of sales cycle contractions and in turn, benefit the business houses. Resulting ineffective sales processes, synchronised collective policies, checking with the moderation of pricing policies etc. are the main focussed fields of the respective software tools.
Understanding the features and benefits of these sales tools can help you to get a complete idea of the quality and reliability of the tools to enhance the productivity of the business.
Features of CPQ software
- The first and foremost consideration is product visualisation
Visualised configuration of the product in the market is essential to attract customers. Today the consumer is smart and wants to look at the product before paying for the same. With the advancement of technology, the CPQ configuration tools provide two- dimensional and three-dimensional images to satisfy the same. Once satisfied the consumers can be motivated to buy the products/services. The pictures and images provide them with a detailed view of the product they are spending on. The real-time updates and descriptions enable the buyers to explore the same from every perspective and angle.
Even the VR configuration tools help you to relate with the same realistically and at last finalize the orders.
- Better experience and central cloud-based system
Product combination errors have been a long-time problem in the business world. These may even include unbearable expenses and forced refunding with unsatisfied customer service. For sorting such problems CPQ software tools come to the rescue of business houses. The accurate configuration of the products, as well as the customised approach of the same following the business type, is the best feature of the software.
In addition to these, the central cloud-based system makes it easy to access from anywhere. This builds up a better link among the employees and executives as well as business and clients. The authorised business teams have full access to the software and client meetings from any location in the company. The easy sharing of information, data, designing etc. is made possible only through the means of a cloud-based software system.
- Reporting as well as an integrated approach
The approach of price policies after the utilisation of the CPQ and pricing tools has become integrated and timely reporting generates an efficient response regarding market fluctuations.
- Enable automatic guide to sell policy in addition to quoting prices
Finding the best product is the customer’s ultimate aim and cpq solution provider offers guided selling and automated price quoting to attract the attention of the consumers. The online surveys and questionnaires divert the attention of the consumers towards the product/brand etc. The automated system on the other hand help to reduce manual labour and work. Automatic updates and pricing tools are today deciding the fortune of business houses. This is finally resulting in profitability and growth of the business world.
