Boost Your Business Using Configure Price Quote CPQ

1. Boost Your Business Using Configure Price Quote CPQ ============================================================ The manufacturing industry is transforming at breakneck speed, and businesses are struggling to keep up. As widespread automation and the fourth industrial revolution are pushing production speeds to unprecedented levels, new generation buyers want to experience high-level customization. As a result, mass customization is one of the most challenging issues affecting manufacturers. Configuration Price Quote CPQ can help you with this problem. CPQ software is a smart and reliable solution for optimizing your sales and manufacturing processes. A robust CPQ system can simplify configuration management and enable the development of an efficient engineer-to-order(ETO) solution in a short time. Have you ever considered how many challenges your front (sales & office) and back (supply chain & production) teams encounter while coordinating to satisfy the needs of your customers? You can streamline the entire process efficiently by merging ERP(Enterprise Resource Planning) and Configure Price Quote CPQ solutions. CPQ is a useful software for your company to deliver customized and complex products to clients on time. It provides customers with more personalization choices that they may not have been aware of. In the front office, CPQ assists the sales team in creating accurate quotes, significantly shortening the sales cycle. While in the back office, CPQ maintains the process's backbone, supply chain planning, and product manufacturing. Front-office and back-office systems manage separate processes and have different operational data with many integration points. Master Data and Business Logic should replicate all data and transactions. Visual CPQ Software A visual CPQ stands for Visual-Configure, Price, Quote. Furthermore, as you know about CPQ software, visual CPQ software is a step ahead of CPQ, enhances sales and manufacturing process, generates accurate quotes, and adds so much more. Users can inspect a product and its features using visuals in a 3D and VR (Virtual Reality) environment with Visual CPQ. Product visualization elevates the CPQ software from a configuration and pricing aid to a comprehensive sales tool. Visual CPQ software is most suited for selling physical items and also enhancing service sales. It helps the sales representative improve customer satisfaction, order accuracy, sales performance, and more. Customers can view and design their required products with customizations, increasing purchasing confidence, and mutual trust. Visual CPQ software is quick, precise, and can display highly configurable dynamic products. Products in the manufacturing industry are typically large and complex. A CPQ configurator can display a 3D model of a product to a potential customer, helping them better understand the product. Sales, engineering, and product teams can expedite their operational procedures when salespeople have visual CPQ capabilities. When engineering and product teams are not required to create prototypes for

2. customers, they can focus on reinforcing solutions, designing unique products, and delivering them to customers. You will spend a good amount of time researching the features and benefits of the best CPQ system for your company. You should also conduct research on the CPQ vendors who can give you a reliable solution. For example, CPQ for SAP can help your sales team respond efficiently to complex product quotation requests from clients by providing optimized pricing and interactive quotes. SAP CPQ also eliminates manual errors, which are unavoidable in a fast-paced industry. Sales teams can also effortlessly see all applicable discounts and margins for usage during the quoting process. This accessibility gives you confidence that your sales representatives are sending accurate quotations to your customers with no human error. There will always be transformative technologies in business that entirely reinvent the way core processes are performed for the better. One example of such technology is configured price quote CPQ software, designed to reduce the challenges of determining the appropriate pricing for manufactured products. CPQ integrates with ERP and CRMsystems to provide the estimation process with a technological edge. Manufacturers are turning to CPQ because it offers functions like upselling and cross-selling that allow salespeople to present many options to customers and gain more business by helping them make better decisions. The manufacturing and sales teams are the backbone of the company. If they are underperforming, it is time to integrate CPQ software to fuel your company with better productivity. Visit epicor.com to know more about CPQ integration solutions.