Current market overview of CPQ software. CPQ stands for "Configure, Price, Quote." CPQ software enables sales representatives to configure products or services according to specific customer requirements. The software automatically takes into account technical specifications, compatibilities, limitations, and rules.
CPQ software facilitates accurate and consistent pricing and can typically generate quotes for customers automatically. It considers various factors such as customer requirements, discounts, contracts, currencies, and other price parameters. The software automatically calculates the optimal price for the configured product or service, ensuring all relevant price elements are taken into account. CPQ software can generally be seamlessly integrated with other enterprise systems like CRM and ERP. This allows for efficient data exchange and ensures a smooth sales process.