CPQ, or Configure Price Quote, is the business process of creating accurate and customized product cost estimates for customers. With CPQ capabilities, companies can streamline the process from quoting to ordering to billing. This leads to improved customer satisfaction and reduced operational costs. By enabling dynamic pricing, options and limits, firms can create quotes that are custom-fitted for each customer’s needs and preferences. Quotes can also be generated faster and more efficiently, allowing customers to respond to orders quickly. Finally, CPQ helps reduce manual errors by automating processes such as order tracking and data entry. In essence, CPQ capabilities can help your company provide a better customer experience while also saving money.