22 Reasons to Use Oracle CPQ

22 Reasons to Use Oracle CPQ

racle CPQ provides an intuitive solution that allows sales teams to offer the right product at the right price, accelerating sales processes and increasing revenue. Oracle was named as a Leader in the Gartner® Magic Quadrant for CPQ Application Suites — 2021 for the fifth year in a row.

racle CPQ streamlines the complete opportunity-to-quote-to-order process, including product selection, configuration, pricing, quoting, ordering, and approval workflows, for both corporate and midsize businesses. Hence, let us explore the top 22 reasons to use Oracle CPQ:

  1. Reduction in Quote cycle time by 75% that improves revenue
  2. Prevent margin erosion by better pricing control
  3. Drive your forecasting system using quote values
  4. Increase Sales rep quote satisfaction by 200%
  5. Optimize price through ML & real-time analytics
  6. Dashboards and reports are readily available for decision makers
  7. Vendors that respond first get 50% of the deals
  8. Increase Sales rep self-service quoting by 9X
  9. Reduce errors in downstream fulfillment
  10. Increase productivity by increasing conversion rate
  11. Deliver end-to-end customer experiences
  12. Reduce 95% of quote errors
  13. Improve order accuracy by 10X with guided selling
  14. Easy Integration with any CRM
  15. Shorten sales cycles by 27%
  16. Subscription Management to support recurring relationships
  17. Display price changes in real-time
  18. Reduction in time & effort by 4X to introduce new products
  19. Price & Discount optimization
  20. Automated templates & approval workflows
  21. Increase average deal velocity by 2X
  22. Back-office integration within the environment → API Enabled for external integrations

PQ will play a key role in helping organizations succeed in the digital economy and will help businesses transform average deals to highly profitable deals. For more information on how Oracle CPQ can help elevate your business, profits & ROI, please reach out to us at marketing-at-softclouds-dot-com

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