Optimizing CPQ (Configure Price Quote) and Q2C (Quote-to-Cash) processes in SAP ERP is critical for companies to remain competitive and increase their business growth. In the SAP ERP space, there are many reasons why companies should improve their CPQ (Configure, Price, Quote) and Q2C (Quote-to-Cash) processes. Here are 7+ facts that show why these processes are important and how they can positively impact your business.
- Better Customer Engagement: By improving CPQ and Q2C processes, companies can provide a personalized quote experience to their customers. This increases customer loyalty as customers feel that their specific needs are taken care of.
- Shorter sales cycles: Optimizing CPQ and Q2C processes can help shorten sales cycles. By using automation, companies can create quotes faster and handle customer inquiries faster.
- lower costs: automating CPQ and Q2C processes can lower costs by reducing manual effort and increasing efficiency.
- better margins: an optimized CPQ and Q2C solution can help improve margins by ensuring that quotes and prices are based on current data and market trends.
- avoidance of errors: an automated CPQ and Q2C solution minimizes potential errors by eliminating manual entries and double entries.
- flexibility: An optimized CPQ and Q2C solution in SAP ERP can help companies respond quickly to changing customer needs. By using real-time data to configure quotes and prices, companies can quickly adjust their offerings to meet their customers’ needs.
- increase employee productivity: by automating CPQ and Q2C processes in SAP ERP, companies can increase employee productivity by reducing manual effort and simplifying the management of quotes, contracts and purchase orders.
The information source provided by Aicomp provides other interesting facts that illustrate why optimizing CPQ and Q2C processes in SAP ERP is so important. These facts include increased efficiency through automation, adapting to changing customer needs, reducing sales cycles, increasing customer adoption, and increasing employee satisfaction.
Overall, it shows that optimizing CPQ and Q2C processes in SAP ERP is an important step for companies to improve their business processes, strengthen their customer loyalty, reduce their costs and improve their margins.
We have compiled the most important statistics and show where the biggest potentials for companies are hidden.
Numerous statistical surveys show cumbersome processes in the daily work of companies, which are reflected in the revenues and performance of the companies. This circumstance is reinforced by increasing customer requirements. Customers are increasingly demanding more transparency and more personalization at increasing speed.
One way to meet these demands is to optimize CPQ (Configure Price Quote) and Q2C (Quote to Cash) processes by using innovative software solutions.
Download the statistics overview for free and additionally learn how you can improve your CPQ & Q2C processes.
