CPQ stands for Configure, Price, Quote software. It is a sales tool for organizations that enables them to easily and accurately generate quotes for orders. CPQ software produces automated quotes in accordance with a set of rules. This ensures error free pricing, bearing in mind the account quantities, discounts, customizations and optional features of products. CPQ applications are known to work in parallel with CRM and ERP programs.
CPQ Salesforce i.e., Configure, Price, Quote Software by Salesforce is a sales tool designed for businesses, that provides correct pricing for any given product configuration scenario. Salesforce CPQ is an easy to use software which can be made available on any device owing to its cloud based platform. CPQ considers optional features, customizations, quantities and discounts, allowing quick and accurate quoting of prices.