What is SAP CPQ, intelligent add-on in SAP BV-FINANCE - Brand Voice - Financial Management?

SAP Term: SAP CPQ, intelligent add-on

• Component: BV-FINANCE

• Component Name: Brand Voice - Financial Management

• Description: Brand Voice - Enterprise Management BV-EM An add-on that enables AI, machine learning, and analytics capabilities for order processing, automated workflows, contract lifecycle management, and real-time recommendations during the configure and pricing process.

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• Key Concepts: 
  SAP CPQ, or Configure Price Quote, is an intelligent add-on component of the BV-FINANCE Brand Voice suite of financial management solutions. It is designed to help businesses streamline their sales processes by automating the configuration, pricing, and quoting of products and services. It also provides a comprehensive view of customer data and analytics to help businesses make informed decisions. 
  
  How to Use it: 
  SAP CPQ can be used to configure products and services for customers, as well as to generate quotes and contracts. It can also be used to manage customer data and analytics, such as customer segmentation, pricing optimization, and product recommendations. Additionally, it can be used to create custom reports and dashboards for better decision-making. 
  
  Tips & Tricks: 
  When using SAP CPQ, it is important to ensure that all customer data is accurate and up-to-date. Additionally, it is important to ensure that all pricing and configuration rules are properly set up in order to ensure accurate quotes and contracts. Finally, it is important to regularly review customer data and analytics in order to identify trends and opportunities for improvement. 
  
  Related Information: 
  For more information on SAP CPQ, please visit the official SAP website at https://www.sap.com/products/cpq.html. Additionally, there are a number of online resources available that provide helpful tips and tricks for using SAP CPQ, such as the SAP Community Network (https://www.sap.com/community/cpq/).