Let’s imagine your winning quote. It prescribes an optimum solution that solves the problem at an optimum price. It is personalized and professional, accurate and error-free, transparent and easily understandable. The problem is, your winning quote is also late and your prospect is already talking to your competition.
As a business leader, you have an important decision to make; continue the status quo and fall behind your competition, or take action now and keep your buyers engaged and the conversation flowing.
In this third in a series of three blogs, I focus on quote creation; and how today’s business leaders are leveraging CPQ for faster, higher quality quotes that consistently win deals.
Your brand defines the look and feel of your quotes. It ensures your quotes are consistent, easily recognizable and easy to read. Together with images and text, your quote connects and reverberates with your prospects. Yet, some of your sales team’s quotes are more compelling than others.
Enter your sales spreadsheet; your matrix of content and images used to articulate your quote. Trouble is, spreadsheets are plentiful, inconsistent and often out of date. Content is cobbled together manually from various sources, and not always in a consistent manner, and copied and pasted into a document. Branding and formatting can fall by the wayside as time runs short. Multiple changes and revisions are required to keep the content consistent with the offer. So, your quotes are inconsistent, inaccurate and sluggish to arrive at the customer for the sale.
The result; inefficient use of time creating and re-working quotes that could and should have been done in seconds.
CPQ is the short-hand name for Configure, Price, Quote software. At its core, CPQ is a powerful and flexible rules and calculation engine for automating the sales process. Any business rule you can imagine can be automated to streamline your sales process.
The C, the P, and the Q are the user-based outcomes of CPQ software, outcomes that are used by different stakeholders across your organization. The Q, or Quote of CPQ, automatically layouts and formats your quotes. By automatically applying your brand styling, approved content and best practices from your top performers, you achieve faster, more professional quotes that motivate decision-makers to buy from you.
Tip: Quote also means great looking web-based proposals that buyers easily view on their phone to make fast, easy purchase decisions.
In today’s highly competitive market, business leaders are ditching the spreadsheets for automatic quote layout templates. By leveraging XaitCPQ, they deliver faster, more professional quotes that win deals.
Related Article: CPQ: Proven Business Value for Executives, Managers and Sales