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  • Pratiksha Dushing

    Member
    October 30, 2020 at 12:19 PM in reply to: What does CPQ stand for in Salesforce?

    CPQ is Configure, price, quote is a cloud-based software that helps companies accurately configure and price goods across a large and constantly changing spectrum of variables.
    Researches reveal that the sales reps only spend 34% of their time selling, and they spend the rest of their 66% time creating quotes, proposals, and getting approvals. As per one of the reports, if you use CPQ, you can boost selling by:

    Ten times faster quote creation
    95% decrease in approval time
    Two times quicker moving from quote to cash
    30% speedier ramp for new reps

  • Pratiksha Dushing

    Member
    October 30, 2020 at 12:15 PM in reply to: How CPQ wortks in salesforce?

    Configure, price, quote (CPQ) is a cloud-based software that helps companies accurately configure and price goods across a large and constantly changing spectrum of variables.CPQ is a sales tool for companies to quickly and accurately generate quotes for orders. Quotes produced with CPQ software are automated according to a preprogrammed set of rules, ensuring error-free pricing that takes into account quantities, discounts, customizations, optional features of products, multiple revenue types, and incompatibilities.Read more about CPQ here : https://commercecx.com/quote-to-cash/configure-price-quote/

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