Legacy CPQ solutions lack the personalization, self-service capabilities, visual configuration tools, and seamless data synchronization that modern customers demand. Next-gen CPQ solutions offer enhanced sales team productivity, streamlined sales processes, improved data integration, real-time data and reporting, streamlined sales cycle, and accelerated quote-to-revenue. Next-gen solutions are highly configurable and scalable, empowering businesses to adjust to evolving market demands. Migrating to next-gen CPQ software requires careful preparation, considering key factors such as aligning business goals and needs, implementation and training, data migration and integration, and cost and ROI. Emerging trends in CPQ include agile CPQ, cloud-based CPQ, mobile operability, AI and NLP integration, visual buying experiences, integration with CX platforms, advanced analytics and predictive insights, configurable commerce, and IoT integration.
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