In today’s competitive market, manufacturers of industrial products and equipments such as Valves, pumps, actuators, silencers, expansion joints etc.. need to provide customers with personalized products at a competitive price.
This is where CPQ software comes into play, helping companies to create accurate and timely quotes based on their customers’ specific requirements. However, there are two types of CPQ software available in the market – off-the-shelf software and custom CPQ specialized software.
In this blog, we will discuss the benefits of custom CPQ software that includes sizing as per industry-approved standards and best practices over off-the-shelf software.
1) Industry-Specific Features: Custom CPQ specialized software includes features and capabilities that are specific to a particular industry, such as industry-approved sizing standards and best practices. This ensures that the quotes created by the software are accurate, consistent, and in compliance with industry regulations.
2) Greater Flexibility: Custom CPQ software provides greater flexibility as it can be tailored to meet the specific needs of a company. This means that companies can create quotes that meet their customers’ unique requirements, rather than being limited by pre-built templates and configurations.
3) Better Integration: Custom CPQ software can be integrated with other systems, such as ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) systems, to provide a seamless flow of information across the organization. This ensures that all data is up-to-date and accurate, reducing errors and improving efficiency.
4) Improved Customer Experience: Custom CPQ software can help companies to create personalized quotes for their customers, improving the overall customer experience. This can lead to increased customer satisfaction and loyalty, ultimately resulting in higher revenue and profitability.
5) Cost-Effective: While custom CPQ software may have higher upfront costs compared to off-the-shelf software, it can provide significant cost savings in the long run. This is because custom software is tailored to meet a company’s specific needs, reducing the need for manual processes, which can be time-consuming and error-prone.
In conclusion, custom CPQ specialized software that includes sizing as per industry-approved standards and best practices can provide significant benefits to industrial product and equipment manufacturers. Such software provides greater flexibility, industry-specific features, improved customer experience, better integration, and can be cost-effective in the long run. Please visit https://lnkd.in/g2yUqKBN or contact solutions@configuratorsolutions.com for requirements and CPQ demonstration.