4 Proven Benefits of CPQ Software for Ecommerce Business
Speeds Up your Sales Cycle
A shorter sales cycle is guaranteed when you use a CPQ tool. It is loaded with features that ensure you spend minimum amount of time in your sales process. The tool automates the quoting process, hence creating complex quotes is an effortless process. As a result, you are able to generate more sales and provide a great customer experience.
Increases Quoting Productivity
Think about quoting custom product configuration and you are bound to spend days. Now, you can turn this time-consuming activity into an enjoyable experience with CPQ software. With this tool, product customization can be quickly done. Hence, quoting productivity of your sales reps will increase significantly, leading to generation of higher number of quotes.
Improves Sales Performance
Apart from generating more sales, increasing average deal size is critical to boost ecommerce revenue. Configure price quote software is designed to identify upsell and cross-sell opportunities accurately every time you generate a quote. As we all know, cross-selling and upselling are important aspects of ecommerce industry and have played a role in maximizing online revenue. CPQ tools come with built-in upsell opportunities, hence no spending time in researching the product catalog to suggest upsell and cross-sell products. CPQ system automatically suggests products that can go along with your quote.
Reduces Quoting Errors
When you manage things manually, expect miscalculated pricing. Quoting product configurations can cause pricing errors if done manually. Quoting errors can have serious implications on your sale. Your customers might lose interest in the quote just because the price was not correct. In some cases, pricing errors may eat up your margins and you may realize it only after the deal has been sealed. Possibility of configuration errors also cannot be overlooked. To avoid such scenarios use CPQ, which automates the process, leaving no scope for errors in configuration and pricing calculations.
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