CPQ
Business & Finance abbreviation · Marketing & Advertising
| Stands for | Configure, price, quote |
|---|---|
| Categories | Business & Finance |
CPQ stands for Configure, price, quote, a marketing & advertising abbreviation.
Sales software that helps reps assemble valid product configurations, apply pricing and discount rules, and generate accurate quotes and proposals, especially for complex products with many options.
Example: With CPQ, reps can't quote a discount above 15% without manager approval.
Usage notes
CPQ tools typically integrate with CRM and billing systems to pass approved quotes into contracts and invoices.