Top 11 Configure Price Quote Software (Jun 2024)

Configure Price Quote Buyer's Guide

Overview

Configure Price Quote (CPQ) software is a tool used by businesses to generate accurate quotes for complex products and services. It helps streamline the sales process, improve quote accuracy, and increase sales productivity. CPQ software is essential for businesses that offer customizable products or services with varying pricing options.

Main Features

The main features of CPQ software include product configuration, pricing rules, quoting tools, proposal generation, and integration with CRM and ERP systems. These features help sales teams create customized quotes quickly and accurately, ensuring that all pricing and product configurations are consistent and error-free.

Main Business Processes CPQ Software Can Help With

CPQ software can assist businesses in streamlining their sales processes, improving quote accuracy, reducing approval times, increasing upsell and cross-sell opportunities, and enhancing overall sales productivity. It can also help ensure that sales teams have access to the most up-to-date product and pricing information.

Steps on How to Buy CPQ Software

When buying CPQ software, businesses should first assess their specific needs and requirements. They should then research different CPQ solutions, request demos from vendors, evaluate the software based on their criteria, and negotiate pricing and terms. After selecting a CPQ software provider, businesses should implement the software and provide training to their sales teams.

Things to Consider

When evaluating CPQ software, businesses should consider factors such as ease of use, scalability, integration capabilities, pricing, customer support, and vendor reputation. It is essential to choose a CPQ solution that aligns with the companys sales processes and can adapt to future business needs.

Most Popular Vendors and Market Share

Some of the most popular CPQ software vendors include Salesforce CPQ, Oracle CPQ Cloud, SAP CPQ, PROS Smart CPQ, and Experlogix CPQ. Salesforce CPQ holds a significant market share in the CPQ software category, followed by Oracle CPQ Cloud and SAP CPQ.

Trends and Next Steps in the CPQ Software Category

Some emerging trends in the CPQ software category include AI-driven sales insights, augmented reality product visualization, and advanced pricing optimization capabilities. The next steps in CPQ software development are likely to focus on enhancing user experience, improving integration with other business systems, and providing more advanced analytics and reporting features.

10 Questions to Ask CPQ Software Vendors During a Demo

1. How does your CPQ software handle complex product configurations?
2. Can your CPQ software integrate with our existing CRM and ERP systems?
3. What pricing models do you offer for your CPQ software?
4. How does your CPQ software streamline the quote generation process?
5. What kind of training and support do you provide for implementing the CPQ software?
6. Can your CPQ software support mobile sales teams?
7. How does your CPQ software ensure pricing accuracy and consistency?
8. What customization options are available in your CPQ software?
9. How does your CPQ software handle discounting and approval workflows?
10. What analytics and reporting capabilities does your CPQ software offer?

Head to head Configure Price Quote software leaders comparisons:

List of Configure Price Quote Software:

Procurement Management Software Price Range

The starting price for a typical Procurement Software is in the range of $0 and $40 per month. The majority of vendors offer their products using the “per month/per user” price format. They may also bundle additional service charges for features such as integrations to third-party software, advanced report and portals for suppliers.

• Small businesses can expect to pay $7-$1500 a month for a procurement software product. For example, Quartzy pricing starts at $39 per month, Deltek Costpoint costs around $7 a month for the first three months, and Khareed E-Procurement goes for $1500 a month. Some other vendors would offer annual licenses as well. One example is Market Dojo, which costs about $1550 per year for each user.
• SMBs: The pricing for procurement software products for Medium-sized organisations is typically between $1 and $500 per month. For instance, CommonPage pricing starts at $9 a month, SnapAP cost around $500 and ALTO eProcure pricing goes for $1 a month. Gluh begins at around $100 a month as well.
• Large Establishments can expect to pay upwards of $11 a month for Procurement software. For context, Oracle Procurement Cloud pricing starts at $575 per month, Tradogram at $15 a month and Bellwether goes for $18 a month for its Enterprise plan.
• Free software: Some vendors offer free versions of their Procurement software. For example, Spendwise provides a free version, and a subscription plan of $9 a month if the user needs it. Chondrion offers a free plan for the first month. Applegate PRO is free as well, but with paid plans starting at 1 cent a month.
• Procurement software products for Windows OS have a subscription price up to $350 a month. For instance, WebReq pricing goes for $20 a month and Avartantech for $350 per month. Other vendors charge a one-time fee, like Ourshared P2P, which starts at $6500 one-time licensing.
• Web-based Procurement Solutions typically start at $19 a month. Precoro, for example, starts from $29 a month and also offers large plans of $19 per month. Also, ISNetworld charges $680 a year. Some other vendors charge one-time fees; for example, Panacea costs $7000 for a one-time licensing.
• macOS users can expect to pay up to $775 for a procurement software product. For example, e-proCAT charges $499 one-time fee, FirstBIT pricing goes for $8 per month for the first three months, and Gatekeeper costs up to $775 monthly.