This document provides an overview of Configure, Price, Quote (CPQ) software. It discusses how CPQ can help sales teams by automating the configuration, pricing, and quoting process. CPQ eliminates mistakes, helps capture maximum value through intelligent pricing strategies, and brings everything together through automated quoting. The benefits of CPQ include increased deal sizes, higher proposal volumes, shorter sales cycles, and more reps achieving quotas. It concludes by listing features to look for in a CPQ tool and announcing an upcoming certification quiz.
This document provides an overview of Configure, Price, Quote (CPQ) software. It discusses how CPQ can help sales teams by automating the configuration, pricing, and quoting process. CPQ eliminates mistakes, helps capture maximum value through intelligent pricing strategies, and brings everything together through automated quoting. The benefits of CPQ include increased deal sizes, higher proposal volumes, shorter sales cycles, and more reps achieving quotas. It concludes by listing features to look for in a CPQ tool and announcing an upcoming certification quiz.
This document provides an overview of Configure, Price, Quote (CPQ) software. It discusses how CPQ can help sales teams by automating the configuration, pricing, and quoting process. CPQ eliminates mistakes, helps capture maximum value through intelligent pricing strategies, and brings everything together through automated quoting. The benefits of CPQ include increased deal sizes, higher proposal volumes, shorter sales cycles, and more reps achieving quotas. It concludes by listing features to look for in a CPQ tool and announcing an upcoming certification quiz.
APTTUS Quote-to-Cash Certification Powered by: Sr. Director of Product Marketing, APTTUS
20+ years launching new products
Born in Lima, Peru
Anagrammed name: Im gruesome talent! Powered by: Miguel Tam, APTTUS Configure, Price, Quote Overview
Connecting Goods To Customers With Sales Configuration
Capturing Maximum Value With Intelligent Pricing
Bringing It All Together With Quoting
The ROI of Configure, Price, Quote Powered by: Todays Agenda Configure, Price, Quote (CPQ) Overview Powered by: Configure, Price, Quote (CPQ) Begins Where Traditional SFA Ends LEAD ACCOUNT MANAGEMENT OPPORTUNITY Powered by: Powered by: A Smoother Path From Opportunity To Contract CONTRACT ACCOUNT MANAGEMENT OPPORTUNITY CONFIGURE PRICE QUOTE LEAD CPQ Boosts Efficiency+Effectiveness Powered by: LOW HIGH Effectiveness E f f i c i e n c y
L O W
H I G H
Effectiveness Sales Pipeline Management Sales Forecasting Objective Management Sales Training Management Appraisal/Evaluation Systems Coaching Systems Territory Management Systems Prospect Qualification Hiring/Onboarding Systems Sales Content Management Sales Incentive Compensation System Quota Management Configuration/Pricing/Quote Guided Selling Proposal Generation Sales Order Management Lead Distribution Sales Contract Management How to Analyze Your Sales Processes on Efficiency versus Effectiveness. Gartner. 2012. Powered by: How CPQ Supports a Multi-channel Strategy Improved channel effectiveness
Increased channel visibility
Control over channel-specific business rules
Consistency across all your channels Connecting Goods To Customers With Sales Configuration Powered by: Powered by: How Do Your Reps Spend Their Day? What Your Sales Reps Do When They Arent Selling . . . . . Outdated product catalogs Complex Excel spreadsheets Scheduling customer calls and appointments Fixing mistakes Learning sales scripts Waiting for approvals Powered by: Sales Configuration in Action Sales Configuration in Action Powered by: Powered by: But Its Always More Complicated in the Real World Powered by: Multiple delivery options
Service packages
Third party components
Warranties and manuals
Compliance issues
Geography-based or status- specific pricing
Product dependencies
Discounting offers
And There Are Big Costs For Getting It Wrong Sales quotes products that cant be built
Errors in contracts, invoices, and orders
Added costs from refunds/returns
Slower sales cycle
Sales doesnt know what products they can sell
Bundles are quoted/shipped with missing elements
Takes too long to monetize new products Powered by: Powered by: Configuration Eliminates Mistakes Products to sell Requirements for each product Which products conflict?
What services are included?
Regional offerings Current special offers Capturing Maximum Value With Intelligent Pricing
Powered by: Powered by: Pricing is the #1 lever you can pull to IMMEDIATELY impact revenue and margin!
Powered by: But Pricing is Complex! Subscription Pricing
Contract- based
Usage-based
Hourly
Flat Fee Price
Ramp Pricing
Volume Discounts
Price Bundles
Channel Pricing Real Cost
Customer Demand
Competitive Prices
Business Strategy
Business Cycle
Market Demographics
You must consider:
Powered by: Pricing Can Cause Big Problems
Powered by: Or Be a Strategic Advantage Increase revenue
Modesto San Francisco Los Angeles Sacramento 1M 500k 100k $887,000 $180,000 $492,000 $235,000 Powered by: Bundles $1500 $300 $200 Powered by: Deal Guidance Empowers Reps Powered by: Increase margins
Increase revenue Increase deal size
Powered by: Powered by: Not All Channels Are Created Equal Scenario 1 Scenario 3 Scenario 2 Bringing It All Together With Quoting Powered by: Powered by: The Value of Quotes Make a positive first impression!
Get the first mover advantage
Set the negotiation starting point
Get the customer to commit
Powered by: When Speed and Accuracy Compete Speed: What Gets In The Way? Powered by: Poor product knowledge + accessibility challenges + unorganized approvals =
SLOW QUOTES Accuracy: Systematic Process Powered by: Quoting errors are like resume errorsif youve got them, dont be surprised when your competitor gets the job! Dont Let Contracts Be the Bottleneck! Powered by: Powered by: The ROI of Configure, Price, Quote Powered by: The Real ROI of CPQ Source: Aberdeen Groups Breaking the Laws of Physics (April 2013) 105% larger deal size 49% higher proposal volume 28% shorter sales cycles
26% more reps achieving quota
17% higher lead-to-conversion rates
Powered by: What Weve Seen at Apttus 30% deal size increase for new deals
20% increase in renewal contract value
25% reduction in rogue discounting
80% faster time to quote
What To Look For In a CPQ Tool Options, bundles and sub-bundles Constraints and rules Asset-based ordering for upsell, cross-sell and renewals Renewals management Dynamic recommendations Guided selling Guided search Quick quotes Visual product comparisons Pricing tiers and ramps Attribute-based pricing Subscription pricing Usage-based pricing Price adjustments, including percent, amount and markup Discount rules and alerts Deal ratings Incentive guidance Deal recommendations Price waterfalls Quotes from standard templates E-Signature Mobile and offline quotes Excel-based quotes Partner portal E-Commerce and multi-channel sales Contracts integration Multi-lingual and multi-currency support Reports and analytics Configure Price Quote Powered by: Get Ready For The Quote-to-Cash Quiz
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