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Four ways to simplify complex pricing management with CPQ.

Four ways to simplify complex pricing management with CPQ.

Introduction The issue of difficulty in creating estimates due to complex pricing structures and frequent price revisions is increasingly prevalent among many companies. While having multiple pricing strategies is necessary for transactions conducted through various channels such as affiliated subsidiaries and sales agents, especially in manufacturing, factors such as rising raw material costs and the impact of a weaker yen due to exchange rates have led to frequent changes in the cost of components. In response to such changes, there is growing interest in a tool called "CPQ" that streamlines the estimation of complex pricing structures. CPQ is an acronym for Configure-Price-Quote, and it is a tool that allows for the rapid and 100% accurate execution of product configuration, pricing, and estimation for complex products with a vast array of variations. In this blog, we will focus on the pricing aspect of CPQ and provide a detailed explanation of how CPQ can assist in the complex price management of the manufacturing industry.

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Simplification from Quotation to Order: The Role of CPQ in Enhancing Sales Accuracy

Simplification from Quotation to Order: The Role of CPQ in Enhancing Sales Accuracy

Introduction In sales, being quick and accurate is not just an advantage; it is also a customer expectation. Today's customers are not patient with prolonged processes or repeated email exchanges. They seek quick and accurate quotes and want to move seamlessly from inquiry to order. However, for companies dealing with complex products or services, meeting these customer expectations is not always easy. The reason is that the traditional "Quote to Order (Q2O)" process is a complex maze involving product configuration, pricing calculations, approvals, and manual data entry, which increases the likelihood of errors, delays, and lost orders at each step. This is where Configure, Price, Quote (CPQ) software acts as a GPS for sales teams, leading to faster and more accurate quotes while ensuring that all configurations and pricing align with your business rules. This article will break down the complex process from quote to order, clarify why traditional methods are inadequate, and demonstrate how CPQ can transform the sales process from the initial deal to the final order.

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