In today’s competitive business world, it’s crucial to adopt advanced tools to optimize business processes. It’s also important for recruiting and retaining users, whether they’re company employees or business partners (resellers).
Trade configurators and CPQ (Configure Price Quote) software play a central role in this optimization.
This article explores the benefits of these technologies and their impact on your business.
What is CPQ software? Definition
CPQ software, an acronym for “Configure Price Quote”, is a software solution that automates the process of configuring, pricing and generating quotes for complex products or services.
CPQ software enables companies to quickly provide accurate, customized quotes, taking into account the specific needs of each customer.
Typically, CPQ software is integrated with other software solutions that make up the company’s IS, typically CRM and ERP.
Commercial Configurators: A necessity for modern sales
A sales configurator is a tool that helps sales staff customize products or services to meet specific customer needs. By integrating business rules and technical constraints, the configurator ensures that all proposed options are viable and optimal.
As the boundary between B2C and B2B becomes increasingly blurred, buyers and new recruits alike expect to find the same “experiences” in the workplace as they do in their daily lives.
Advantages of a Visual Configurator
The visual configurator enhances the customer experience by offering an intuitive graphical interface. Customers can immediately see changes to their configurations, increasing engagement and satisfaction.
Real-time visualizations also help prevent misunderstandings and ensure that the final product matches customer expectations.
In some cases, this visual input can also relieve the load on your design office, speeding up the production of quotations by your sales staff.
3D Product Configurator: The Visualization Revolution
One of the major developments in configurators is the advent of the 3D product configurator.
This tool enables customers to visualize products in three dimensions, offering an immersive and interactive experience. With a 3D configurator, customers can see in real time how their choices affect the final product, facilitating decision-making.
Technical Configurator: simplifying complexity
The Technical Configurator is essential for industries where products are highly customizable and technically complex. It helps manage technical specifications and ensures that configurations are feasible and comply with quality standards.
This reduces errors and product returns, while increasing customer satisfaction.
In some cases, technical data management can go beyond constraint management (product and assembly rules) to generate “CAD export” or “BOM” (bill of materials) type data.
Quote Configurator: for fast, accurate quotes
A quotation configurator automates the creation of customized quotations based on customer-selected configurations. This speeds up the sales process and ensures accurate, consistent quotations.
A well-integrated quote configurator also enables prices and conditions to be updated in real time, ensuring that offers are always up to date.
With a CPQ, the quotation can be generated by the CPQ software itself, or the data making up the quotation can be exported to third-party software such as CRM or ERP, which will then format the quotation for printing (PDF or other).
Conclusion
Commercial configurators and CPQ software are indispensable tools for companies seeking to improve efficiency, reduce errors and deliver an exceptional customer experience. Whether you’re using a 3D product configurator, a technical configurator or a quotation configurator, these technologies will help you stay competitive in an ever-changing marketplace.
At ITCelerator, we offer a comprehensive range of CPQ solutions tailored to your specific needs.
Contact us to find out how our configurators can transform your sales process and boost your sales performance.
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