Taimer's CPQ software is a must have sales tool for companies to quickly and accurately generate sales quotes.
Plans & Permissions:
Plans: Free CRM, SalesCRM, PM, ERP
Permissions: Products and CPQ
What is CPQ?
Configure, Price, Quote or CPQ software simplifies complex product pricing, cuts down sales cycles, minimises errors, and automates quotes. CPQ is a sales tool designed to help companies produce accurate and highly configured sales quotes.
Why use CPQ
Many companies start to use CPQ especially when their product offering grows. With CPQ you can:
Configure product/solution packages or bundles
Add discounts and adjust prices easily
Create & share sales quotes that are detailed, precise and tailored to the needs of the client
Minimise manual errors and maximise sales
Save time and simplify work for your sales team
How to use the CPQ feature
Add and manage your products and pricing in the Products register view.
Use Taimer's CPQ software to create customized packages and bundles for these products and solutions. These bundles can then be configured in the sales quote easily making the quoting process simple and fast.
Taimer's CPQ software provides several ways to discount prices for your customers. You can adjust the prices of products from the product inventory or create a sales quote and adjust pricing and discounts for individual products or the CPQ packages in the sales quote.
How to create a COQ bundle
To create product packages or bundles:
Navigate to Sales from the blue sidebar
Navigate to CPQ
Click on Add CPQ or the green + symbol to create a bundle
Enter the name and description for the CPQ bundle. Click on the green check mark (✓) to save the details
Now that you have named your CPQ bundle, the next step is to add new items, description rows and products from the product register.
Click on the arrow ˄ symbol next to a package
Click on Add new
Add new items item or add products from the product inventory
Update the quantity, unit, unit cost, selling price and VAT%. The system automatically calculates the selling price for the all the units and the profit margin
Update the type of product being sold
Once the CPQ bundle is set up, the sales representatives can easily add these CPQ bundles to their quotes
Description: The name of the item
Qty: The number/amount
Unit: Can be either hours or quantity
Unit cost: The cost of a single unit
Selling price: The price at which the item is being sold
VAT: Value added tax
Sum 0%: Total selling price of all units. VAT excluded
Margin 0%: Total sum (0% VAT) minus Unit cost
Type: Can be hours, sub-contracting, services, expenses, products.
How to add product bundles from the CPQ to a sales quote
Navigate to the project for which the quote needs to be sent
Click on the project
Navigate to Sales Quotes in the header
Click on Edit
Navigate to the line items
Click on Add new
You can now choose what to add to your Sales Quote. In order to add a CPQ bundle, choose either CPQ itemised or CPQ grouped
CPQ itemised lists all the items that belong to the bundle. You can adjust the prices and discount of each of these items
CPQ grouped gives you the total value of all the items grouped in this bundle
The Sales Quote is now ready to be sent to the customer. Click here to learn how to create a sales quote in Taimer.