How does SAP Configure Price Quote software work?

Product Configuration

 SAP CPQ enables businesses to configure their products or services based on various parameters such as size, color, features, and pricing. This configuration process can be highly complex, especially for businesses with a large number of product variations. SAP CPQ simplifies this process by providing a user-friendly interface that allows businesses to create and manage their product catalogs.

Pricing and Discounts

 SAP CPQ allows businesses to set pricing rules based on factors such as product features, customer segments, and volume discounts. The software can also provide real-time pricing recommendations based on customer data and historical sales data.

Quote Creation

 Once the product configuration and pricing have been set, SAP CPQ generates a quote or proposal based on the customer's requirements. The quote includes a detailed breakdown of the product configuration, pricing, and any discounts or promotions that may apply.

Approval and Order Processing

 SAP CPQ enables businesses to automate the approval process for quotes and proposals, reducing the time and effort required for manual approval. Once the quote is approved, the software can also generate an order based on the customer's specifications.