CPQ-Configure price quote software is key to streamlining all sales processes. You might think, why is that? Well, all sales processes come into action once a quote gets signed. You can submit a quote manually; to do this, you must spend days making an estimate. In some cases, it can take weeks to make an estimate. Indeed it will slow down the quote submission, and the business will make fewer sales.

With the help of good CPQ software, you make error-free quotes within minutes. Also, the software increases the probability of approvals resulting in the rapid growth of a business. All thanks to multiple CPQ tools.

The software takes the burden off of the sales staff’s shoulders. This way, they will have more time for customer handling instead of making estimates. CPQ software helps increase sales in numerous ways. Let’s have a look at these points to understand better.

How CPQ Software Increases Sales?

Sell Faster

CPQ software helps you sell faster and generate more revenue. Indeed, this is the main objective of any business. The CPQ software helps you submit quotes quickly. Once a proposal gets approval, the sales team can begin working on another quote. The quote submission will take a few minutes, but salespeople also have to deal with clients in person. Once the teams get sorted with one job, they can begin working on the next one instantly.

Better Quotes And Proposals

Personalized quotes and proposals are more effective. It can be challenging for salespeople to create personalized quotes every time. Manual quoting is a big challenge, and adding more personalized touches will consume time. But with the help of CPQ software, this is possible. The software consists of many CPQ tools that help you make uniquely tailored quotes and proposals every time. Also, If you are submitting a new proposal to existing clients, it becomes easier with CPQ software.

Error-Free Orders

The configure price quote works in the same order as it is named. First, the software will help the user make an accurate product or service configuration. After that, it will assist the user in evaluating pricing. Once these two steps are complete, it will generate an impeccable quote. The entire process remains error-free at each step. This way, CPQ software ensures there’s no error in the order in later stages.

Better Approval Process

Your business certainly has control over submitting proposals and quotes. But you don’t have control over the approval process. When you submit manual quotes, this process becomes more complicated. A client might not respond to your quote for months. It becomes worse in the case of rejection as your team’s hard work goes in vain.

But with the help of CPQ software, you have little control over the approval process. As you share all the data electronically with your clients at once. You get a notification when a client reviews, accepts or rejects your proposal. This way, CPQ software creates more visibility in the quotation process. If a client takes too much time to accept a proposal, then you have the freedom to withdraw the proposal. This way, you can re-assign the sales team with new tasks and submit more quotes.

Conclusion

CPQ technology can transform your quotation process and increase sales. Nowadays, it is becoming a must-have tool for businesses that want rapid and consistent growth. Also, CPQ software is not a need but something that your sales team deserves. If you want easy-to-use electrical estimating software or CPQ software, then get in touch with QDV. Let the expert software providers help you choose the best CPQ technology for your business.