CPQ & Elfsquad | The difference

What does CPQ mean?

CPQ (Configure, Price, Quote) offers the possibility for salesmen, dealers, and even end customers to configure a product by going through a simple Q/A game (the ‘normal’ questions that also occur when doing a sales pitch). After which the correct price will always be presented, and an invoice can be created. 

Configure, Price, Quote (CPQ) is a frequently used term. Today’s production industry desires a quick delivery, more and more customization, and also has to produce as efficiently as possible to remain competitive. CPQ software can be put to use to deal with these developments. Our software is, in essence, CPQ software. But Elfsquad offers more. Much more.

How does CPQ work?

CPQ has three components:

1. Configure. Going by predefined structures, rules, restrictions and logic, modularly built products can be configured. Imagine: when a producer of agricultural machinery chooses for a specific engine within the CPQ, this will have consequences for the possibilities when looking at the body of the machine. Or when chosen for application to a specific kind of service, this will have consequences for the possibilities of what kind of tyres can be chosen.
2. Price. When the complete composition is configured, one press of the button will roll out a price for the configured product. Always the right price. Every part, every option, and every subcomposition has a standard price. When the configuration is correct, the price will be too.
3. Quote. Concludingly, the price overview will be used to create an invoice. This invoice contains the entire bill of materials, total price, discounts, taxes, and contact information. Ready to be sent to the end customer.

There is a clear as day difference between CPQ and Elfsquad

Our software is essentially CPQ software. But Elfsquad offers more than that. Much more. We take away all worries from your entire pre-production process. This means we digitalize from prospect to the moment the product goes into production. In other words, our software largely does CPQ. But it does not stop here. Elfsquad is a platform that provides you with the tools and knowledge you need during all possible developments in the production industry. These developments present you with some extremely important choices. Because every factory in the production business knows that their pre-production process must be digitalized to remain competitive. As such, so do you.

It is time to make important decisions. Because your competitors are not pausing. You do not have to make these decisions alone. They can be made together. With a team that is experienced with, and understands your predicament

Yes, I want to digitalize my pre-production process…

Good, so do we! But surely, questions arise: What is the best way to handle this? How does Elfsquad relate to the rest of my IT landscape? Is my product not too complex? How do I use Elfsquad to enhance my competitive position? How do I really realize a bigger margin and lower costs using Elfsquad? If all of this is recognizable, you are at the right address. We have an answer to every question you can think of concerning these factors. Take a look at our CPQ Software to get an impression of it. Are you wondering how we can assist with your situation and pre-production process? Request a demo.