Pricing & Quoting Automation Assessment results

Overall score

/ 4.0 ()

Pricing & Quoting Automation Assessment results

Achieving pricing and quoting automation excellence isn't as simple as adding pre-defined tasks to a company's to-do list. Instead, businesses must integrate these practices into every aspect of their operations to maximize value and realize their goals. Excellence in pricing and quoting requires a holistic approach that aligns with the company's broader ambitions and processes.

Your performance breakdown per dimension

Tools and Technology - CPQ
Tools and Technology - PO&M
Implementation Excellence
Digitalization and AI
0
1
2
3
4

Tools and Technology - CPQ

/ 4.0
  1. Comprehensive Feature Set
    Ensure your CPQ software meets all business requirements by utilizing relevant features through seamless integration and comprehensive data input. It should handle complex product catalogs and support customization to meet specific customer needs.

  2. Seamless Integration
    Achieve seamless integration of your CPQ software with surrounding systems like CRM and ERP to ensure real-time data flow, eliminate silos, and provide a unified view of customer interactions, pricing, and inventory for streamlined operations and enhanced customer experience.

  3. Scalability and Flexibility
    Your CPQ solution should be scalable and flexible to adapt to business growth and changing market conditions. Implement a system that allows for easy updates to pricing rules, product offerings, and promotional strategies, ensuring continued relevance and effectiveness.

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Tools and Technology - PO&M

/ 4.0
  1. Comprehensive Feature Set
    Ensure your PO&M software provides real-time optimization capabilities to adjust pricing based on market conditions, competition, and customer behavior, while covering all business requirements with seamless integration and comprehensive data input.

  2. Seamless Integration
    Ensure seamless integration of your PO&M software with systems like CRM and ERP to enable accurate data flow and support a cohesive pricing strategy across channels, ensuring pricing consistency and transparency throughout the organization.

  3. Scalability and Flexibility
    Your PO&M solution should be scalable and adaptable to various pricing models and market dynamics. Implement a system that can easily accommodate changes in pricing strategies, customer segments, and product portfolios, ensuring long-term effectiveness.

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Implementation Excellence

/ 4.0
  1. Strategic Planning and Execution
    Develop and continuously update a clear implementation roadmap aligned with business goals. This includes setting realistic timelines, resource allocation, and continuous monitoring to ensure that CPQ and PO&M projects meet their objectives efficiently.

  2. High User Adoption and Engagement
    Focus on comprehensive training and support to drive high user adoption. Engaging stakeholders early and addressing user feedback promptly ensures that new tools are fully utilized and contribute to business success.

  3. Continuous Improvement and Optimization
    Regularly assess and optimize the performance of your CPQ and PO&M systems using relevant KPIs. Implement a continuous improvement process, making adjustments based on user feedback, market changes, and technological advancements to keep your tools performing at their best.

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Digitalization and AI

/ 4.0
  1. High Level of Process Automation
    Regularly assess your pricing, configuration, and quoting processes to identify automation opportunities. Implement tools, create interfaces, and define workflows to reduce manual tasks, minimize errors, and accelerate sales cycles for more efficient operations.

  2. Advanced AI Integration
    Strategically integrate AI to enhance predictive analytics, optimize pricing strategies, and personalize customer experiences. By embedding AI into daily operations, companies can make faster, data-driven decisions and respond more effectively to market dynamics.

  3. Real-Time Data Access and Utilization:
    Ensure robust data integration across all systems to enable real-time access to accurate information. Use this data to improve pricing accuracy, optimize customer interactions, and support strategic decision-making.

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Four stages of excellence

Your result:

You want to reach the next level and need more information?

Excellence

(3.6 - 4.0)

Advanced

(2.6 - 3.5)

Emerging

(1.6 - 2.5)

Beginner

(1.0 - 1.5)

How to use your Results

 

1. Assess

You have now received an initial assessment of the current state of pricing and quoting automation in your company.
To pinpoint specific areas of improvement and maximize the impact of your automation efforts, we recommend conducting a thorough in-depth analysis.

2. Plan

Based on your current assessment, it's essential to define strategic growth initiatives that align with your pricing and quoting automation goals. Develop a detailed and actionable roadmap to implement these initiatives effectively, ensuring they support your company's broader sales and efficiency objectives.

3. Detail

Elaborate on the identified growth initiatives, evaluating their potential impact on your pricing and quoting processes.
Prioritize these initiatives based on their expected benefits and required effort. Develop a detailed implementation roadmap with specific milestones, timelines, and assigned responsibilities to ensure clear progress and accountability.

4. Execute

Begin the execution phase by communicating the strategy and launching your initiatives to enhance pricing and quoting automation. Focus initially on quick-win solutions that can demonstrate immediate benefits, while also setting up strong management and monitoring systems for ongoing implementation of both medium and long-term strategies.

Key actions to take in the stage

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Cologne, Germany
Partner
Vienna, Austria
Director
Munich, Germany
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