The main goal of the Odoo CPQ solution is to automate the sales process for advanced products or services. It accelerates creating and processing orders from multiple markets and channels, minimizes manual pricing calculation work (e.g., work with spreadsheets), and eliminates human errors.
In this blog, we will understand Odoo CPQ Advantages for pricing calculation over traditional Excel.
Why Odoo CPQ for Accurate Pricing Calculation?
Automation and Efficiency:
Odoo CPQ automates the entire pricing calculation, reducing the need for manual data entry and calculations. This automation saves time and minimizes errors.
For those managing product information in Excel, pricing calculations require manual efforts of users to input and update data manually. This can be time-consuming and prone to errors, especially as complexity increases.
Accuracy and Consistency:
Odoo CPQ for pricing calculations uses predefined rules and logic to ensure consistent and accurate pricing. This helps to eliminate errors and ensures that all quotes adhere to company pricing policies.
On the other hand, Excel pricing calculations rely heavily on manual input, making them susceptible to human errors. It’s easy for mistakes to occur during data entry, leading to inconsistencies in pricing.
Guided Selling:
Custom Product Configurator solution includes guided selling features, which help sales representatives choose the right products, features, and pricing options based on customer needs. This ensures that pricing is aligned with selected product components.
Excel lacks built-in guidance features, requiring users to rely on their knowledge and experience to create accurate product configurations, resulting in suboptimal or inconsistent pricing calculations.
Dynamic Pricing Updates:
Custom Product Configurator solution is configured to provide real-time updates on pricing and product information. This ensures that sales teams always have access to the most current and accurate data.
While in Excel, updates may not be instantaneous, and maintaining real-time accuracy requires constant manual effort to update and validate data.
In conclusion, it is worth saying that manufacturing companies should consider Odoo CPQ Advantage and implement it to streamline the sales process and improve accuracy, efficiency, and customer experience.
