Apr 2022
Learn about SAP CPQ and it's integration with SAP CLM
What is SAP CPQ? CPQ stands for Configure, Price, Quote. It is software designed to ease the complexities of the sales team by enabling it to generate quotes quickly and accurately for complex products. Each part of the abbreviation represents a key component of the modern sales process: Configure: Configure from CPQ helps your sales reps in simplifying any complexities and confusion that might occur during the quoting process. Price: The Pricing option helps you in offering right pricing model to the customers based on the required configuration already done. Quote: CPQ offers a fully configurable solution where all types of documents and templates can be generated and managed and can be used by the sales reps as and when they need.
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Benefits of choosing CPQ Software Never lose a sale due to bad information
using SAP CPQ can help you in finding different solutions for unique business challenge.
Better understanding of clients with guided selling
Better understanding of your customer's requirements will always allow you to evolve and offer better services each time.
Minimise complexities & generate quote with ease
Eliminate the risk of human errors and ensure more accurate, consistent pricing with SAP CPQ.
Increase the performance of your sales team
Enable customers to generate quotes and place orders on their own, making customers more likely to complete their orders.
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SAP CPQ integration with SAP CLM
Why CPQ and CLM could be better together? CPQ is the most trusted and efficient system to deal with sales-related problems and provide quick and accurate quotes to the customers with the help of which error-prone and time-consuming processes of sifting through multiple spreadsheets can be avoided. The pace of business is growing faster than ever and businesses in this situation cannot afford to experience any kind of delay in deal/contract finalization. And here’s when CLM (Contract Lifecycle Management) makes your task easy and provides complete surety to the sales reps so that they do not face any difficulty during the legal steps’ finalization.
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Here are 5 major reasons that show why SAP CPQ integration with CLM is a good idea for businesses today – Helps in Closing Contracts/Deals faster
The reason why a CLM solution streamlines and speeds up the contract process is its parallel cloud presence that gives the flexibility of contract reviewing to multiple approvers at the same time.
Enhances Sales Experience
Using CLM and CPQ together enhances the sales experience by allowing the reps to speed the entire process from the quote to closing the deal with a signed contract. It gives reps a streamlined and easier way to interact with legal teams and the deal desk.
Generate for revenue by never missing renewals
The combination of CPQ and CLM is very helpful for the sales reps as through it they can receive email notifications of contract milestones, renewals, expiration dates, etc. well in advance. You will not need any extra process for the renewals as with this combination all the required information remains at the fingertips and can be easily processed whenever the contract is requiring renewal. http://www.acuitilabs.com
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Here are 5 major reasons that show why SAP CPQ integration with CLM is a good idea for businesses today – Boost the overall productivity of your business
Reaching your revenue goals and increasing the productivity of your business is a lot easier with the combination of CPQ and CLM. The SAP CPQ integration with SAP CLM not only simplifies the sales process, but it is also helpful in minimizing the total amount of time that a legal team might take to wrap the entire contract process.
Offer Better Customer Experience
When you choose SAP CPQ integration with CLM, you not only choose it for offering the perfect and accurate quote to your customer but also give them the flexibility of being updated with the complete contract processing through this advanced and straightforward integrated system offered by SAP.
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Why choose Acuiti Labs? Acuiti Labs has been successfully delivering best of breed SAP Solutions to our global client base for many years. Our innovative and high-tech solutions can simplify the complete integration process of SAP CPQ with SAP Contract Lifecycle Management. Contact us to get more details about how Acuiti Labs can be your best partner in getting CPQ integrated with CLM and making your business process a lot more seamless and quicker.
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Thank you Acuiti Labs
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