Live from SuiteWorld 2022 – NetSuite Introduces Configure, Price & Quote Solution

NetSuite Introduces Configure, Price and Quote Solution to Help Organizations Accelerate and Simplify the Sales Process

To help organizations grow sales and deliver a seamless buying experience for customers, Oracle NetSuite has announced the availability of NetSuite CPQ. The announcement was made during its SuiteWorld conference in Las Vegas, Nevada.

NetSuite CPQ helps organizations enable sales teams to quickly configure, price and quote (CPQ) complex products with complete accuracy and reliability, directly in NetSuite.

Evan Goldberg, founder and EVP at Oracle NetSuite, says that empowering sales organizations with the right tools is essential to closing deals faster and meeting ever-increasing customer expectations. “We have been helping our customers with this for many years with a business system that fuels growth, and NetSuite CPQ is the latest step. NetSuite CPQ will help our customers quickly configure their product offerings and generate accurate proposals so that they can streamline revenue processes and improve overall business outcomes.”

NetSuite CPQ enables sales teams to be more efficient and save costs in the pricing process. The solution allows them to select product features and apply customizable business rules to ensure that every configuration is correct, eliminating the need to double check and rework orders.

NetSuite CPQ is the only native configure, price and quote solution built on the NetSuite platform. It works seamlessly with NetSuite ERP, CRM and eCommerce solutions using NetSuite pricing, inventory and profitability data, and connected workflows that automate the transition from sales to delivery.

Once an item is configured, the bill of materials (BOM) is automatically created, and then can be used with NetSuite Manufacturing modules such as WIPs and Routing, Work Order Assemblies and Advanced Manufacturing to further boost operational efficiency.

Granite Partners is a private investment and holding company with 10 businesses across different industries. It develops, sources, markets and services many products and services, which means it needs a sales and engineering process that is flexible, robust and automated.

“With NetSuite CPQ, we see how our community of companies can better serve customers while also providing a great experience for team members," says Granite Partners founder and CEO Rick Bauerly. "It allows us to connect our front-end processes to product manufacturing and service fulfillment all the way through to the back end. Ultimately, it increases velocity, profitability, and value creation for all stakeholders.”

NetSuite CPQ offers organizations the following capabilities:

  • Configurator — Save time spent on reworking orders by applying customizable rules, which ensures every configuration, across product and service features is correct.
  • Guided Selling — Find the exact products and services needed from thousands of SKUs by providing an ecommerce-like catalog experience and powerful filtering tools.
  • Proposal Generator — Create accurate and branded proposals for customers approval by equipping sales teams with fully-customizable templates.
  • Ecommerce Integration — Simplify product configurations and access pricing, products, and quotes in NetSuite SuiteCommerce and other ecommerce solutions.
  • Bill of Materials and Routing — Reduce manufacturing costs and increase efficiency on the shop floor by dynamically creating and delivering a BOM-based on routing instructions created from the NetSuite CPQ rules engine.

Feature availability:

NetSuite CPQ now is available in North America as an add-on solution.

Where to find out more about this feature:

Get all the latest updates from SuiteWorld by registering for SuiteWorld On Air: netsuitesuiteworld.com/onair. By registering, attendees will have access to keynotes, sessions and demos, and NetSuite’s two-day live broadcast, NetSuite TV. Learn more about how organizations are leveraging the power of NetSuite to increase efficiency, improve productivity and grow profitability.

* * * * *

About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 32,000 customers in 217 countries and dependent territories.

Footnotes and Disclosures:

Content within this feature (including the headline graphic) has been adapted from source material furnished by Oracle NetSuite. Any referenced source materials or content appearing within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.

SuiteWorld, NetSuite and Oracle are registered trademarks of Oracle Corporation. Oracle Corporation is a publicly-traded NYSE-listed (ORCL) multinational corporation headquartered in Austin, Texas (USA).

Any other trade names used within this article, including any other vendor (app/software) discussed herein, may refer to products registered, trademarked, or otherwise held by their respective owners. They are referenced solely for informational and educational purposes.

This feature is "not" sponsored content. The article is provided for informational and educational purposes.

The publication of this article does not represent an endorsement by either the author or Insightful Accountant.

Note: Registered Trademark ® symbols have been eliminated from the articles within this publication for brevity due to the frequency or abundance with which they would otherwise appear or be repeated. Every attempt is made to credit such trademarked products within our respective article footnotes and disclosures.

Like what you're reading?

Subscribe to our FREE newsletter and we'll deliver content like this directly to your inbox.

SIGN UP TODAY