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Bringing a New Era of Automation with Configure Price Quote Solutions

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Bringing a New Era of Automation with Configure Price Quote Solutions

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  1. Bringing a New Era of Automation with Configure Price Quote Solutions ============================================================== Since the onslaught of the coronavirus pandemic, manufacturing enterprises have been coping with pretty hard times. While things have become cumbersome, to say the least, dynamic market conditions and changing customer preferences have made organizations look at technology for enabling solutions that are flexible and scalable to meet expectations. Thankfully, innovation has been attached to technology for quite some time now, with enough potential to catapult organizations with platforms and tools to boost customer experiences as well as their own experiences. And one of the most promising amidst the fray is configure price quote solutions for manufacturers and retailers. What is CPQ All About? If we talk about Epicor CPQ as a process, it refers to a process through which vendors figure out ways to understand customer needs, bring in configuration capabilities to take care of those needs, and also provide end customers with an idea about the cost of that solution to design and deliver. As a software, configure price quote solutions allow sales reps and engineering teams to generate highly accurate quotes for complex products as well as services. Good enough CPQ solutions compile these different variables inside a single, comprehensive solution, then allowing to quote as well as sell the different products and services at the most effective prices. When Would Manufacturers Need CPQ? As far as the reasons for using CPQ software solutions go, manufacturers might find themselves asking a few very crucial questions about their workflow and processes. In such situations, these CPQ software solutions bring the following benefits with them: •Manufacturers catering to clients globally can find they provide quick and highly accurate pricing data across different geographies with the help of CPQ. •Complex product manufacturers have a lot of products in their lineup that is subject to different configurations in accordance with user preferences and requirements. Configure price quote solutions allow manufacturers to customize the buying experience as per customer requirements and keep things as seamless as possible whereas a dedicated self-serve option can take things to a new level. •In the case where the process of creating a quote and going through the sales cycle takes a lot of time, configured software can prove to be of a lot of help. •CRM platforms are a good enough option, but a lot of times they come short in creating accurate quotes with efficiency. Again a place where CPQ can close the gap and fill in for such CRM platforms with ease as it makes quoting a part of the process to make it more efficient and scalable. How CPQ Automation Makes Things Better for Manufacturers As is the case with most of the technology today, configure price quote solutions too have shifted to the cloud. This has opened doors to automating the quoting and sales process. For customer success as well as the organization, CPQ automation can offer the following benefits:

  2. 1- Getting More Sales and Deals The quicker a particular CPQ vendor responds the chances of winning a sale by that vendor increase significantly. The duration of sales cycles gets dramatically reduced with the help of CPQ solutions. 2- Create Multiple Sales Configurations CPQ solutions give a lot of leverage to offer multiple options to customers in terms of configurations all across the board and facilitate comparison between them too. The guided-selling feature also allows for weighing the different advantages and disadvantages of each configuration. 3- Accurate Product Pricing The right configured software allows sales reps to price Epicor products in the right manner, with the right kind of an idea about the extent of discounting so that the margins do not get compromised. 4- Super-Quick Quoting Process CPQ software solutions give that much-needed pace to the complete quoting process, where the traditional take can consume a lot of time. With quote automation, manufacturers can also rest assured of not making errors in their quotes to customers.

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