Configure, Price, Quote
CPQ stands for Configure Price Quote. It is a process that enables companies to configure customized products and services, calculate prices, and generate quotes. CPQ software helps companies quickly and accurately prepare and deliver quotes to customers.
It often includes advanced configuration options, rule-based pricing calculations, and workflows to streamline and automate quotes. CPQ is particularly relevant for companies that offer complex, customized products and services, such as software solutions, industrial machinery, automobiles, and insurance.
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