20+
Years of experience.
X-Big4 team
X-Big4 team
ISO 27001 / SOC 2 Type 2/ CFR 11 compliant
250+
Happy customers
500+
Solutions deployed
Vast Edge’s Configure Price Quote Platform: Powering Growth with Intelligent Quoting Software
Your Vision, Our Expertise
Elevating Your Software Product Engineering Journey with Vast Edge
The idea behind today’s CPQ (Configure Price Quote) systems actually started taking shape even before CRM tools were a thing. Since then, CPQ has steadily evolved into a go-to solution for companies that want to simplify and speed up their sales and revenue operations.
"Modern CPQ actually extends beyond the CRM category. Its evolution has always been driven by practical business needs,” says Heather Hershey, Research Director of Worldwide Digital Commerce Strategy at IDC.
Within the larger world of B2B digital commerce, CPQ now plays a central role. It helps streamline everything from configuring products to optimizing pricing to managing deals. As digital transformation continues across industries, CPQ is becoming an essential tool for improving automation, boosting efficiency, and delivering better customer experiences
Why Vast Edge's CPQ tool?
Security
Security plays a pivotal role in (CPQ) software, given its involvement with sensitive data. Vast Edge employs multiple methods, including role-based access control, multi-factor authentication (MFA), security integrations, keeping software updated with the latest security patches, adhering to regulatory compliance, and implementing data backup strategies.
Document Management
Our CPQ system offers a centralized document repository, allowing users to efficiently upload, manage, and arrange documents associated with the quotation process. Security is maintained through role-based access control, ensuring that sensitive documents are accessible only to authorized users. Additionally, it includes search and retrieval features for easy document access.
Reporting and Analytics
Our intelligent quoting system incorporates analytical tools and functionalities designed to handle and analyze data gathered from diverse sources. This data encompasses information such as product configurations, pricing details, quotes, customer interactions, and user activities. Additionally, the system offers ready-made reports that provide valuable insights into frequently used metrics and key performance indicators (KPIs).
Integrated workflows
Vast Edge CPQ incorporates multiple workflows to streamline and automate the sales quotation process. It includes approval processes. If a quote or configuration requires manager approval, the workflow routes it to the appropriate individuals for review and authorization.
Cloud Hosting and Deployment
Vast Edge's CPQ is hosted on multiple cloud platforms, including GCP, Azure, Oracle, and AWS. Our deployment process incorporates automated pipelines, with the goal of enhancing and expediting the deployment.
CPQ AI
Vast Edge’s CPQ platform uses AI to enhance automated approval workflows, pricing rules, and quote generation. It analyzes customer data to suggest optimal pricing, recommend product bundles, and flag inconsistencies, helping teams create accurate quotes faster with fewer errors.Users can customize it as needed for customized usage of the tool.
Integrated CPQ and CRM
Vast Edge provides an integrated CRM and CPQ system, in addition to a standalone CRM, to enhance the sales process. When seamlessly combined, these systems empower organizations to deliver a more streamlined, personalized, and unified experience for both sales teams and customers. This harmonious use of CPQ and CRM contributes to an efficient sales process, precise quotes, and the cultivation of stronger customer relationships. Here's how they work together:
FAQs
Frequently Asked Questions
Q1. What is CPQ?
CPQ stands for Configure Price Quote. It is a software solution that helps businesses accurately configure products, price them according to various factors, and generate quotes efficiently.
Q2. How can CPQ benefit my business?
CPQ solutions are beneficial for a wide range of industries, including manufacturing, technology, telecommunications, healthcare, automotive, and more. They serve as powerful quoting software for manufacturing, especially where products are highly configurable and pricing structures are complex. In general, any business that offers customizable products or services can benefit from CPQ.
Q3. What industries can benefit from CPQ solutions?
CPQ solutions are beneficial for a wide range of industries, including manufacturing, technology, telecommunications, healthcare, automotive, and more. Any business that offers complex, configurable products or services can benefit from CPQ.
Q4. How can Vast Edge help with CPQ implementation?
Vast Edge is a leading provider of CPQ solutions that can help businesses implement and customize CPQ software to meet their specific needs. Vast Edge offers consulting, implementation, customization, and support services for CPQ.
Q5. Can CPQ software integrate with other business systems?
Yes, CPQ software can integrate with CRM systems, ERP systems, e-commerce platforms, and other business systems to provide a seamless quote-to-cash process. Vast Edge can help businesses integrate CPQ with their existing systems to maximize efficiency.
Q6. How does CPQ improve quote accuracy?
CPQ software ensures that quotes are based on accurate product configurations, up-to-date pricing information, and applicable discounts and promotions. This helps eliminate errors and ensures that customers receive accurate and consistent quotes.
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