HubSpot’s CPQ tool is part of HubSpot Sales Hub. It streamlines the quoting process from creation to approval to close, making selling easy. The user-friendly tool helps sales teams quickly create accurate, professional-looking quotes. Robust templates are built into the tool to make it simple to create and send professional-looking quotes. The eSignature capability helps close deals fast.
Why this product is good
Positives for HubSpot CPQ Software
Product Details
What is HubSpot CPQ?
As part of Sales Hub, HubSpot CPQ software provides a holistic sales experience, incorporating quoting with contracts and invoicing, and subscription and order management. HubSpot is the perfect solution for businesses that need to handle large amounts of data and complex product configurations.
Features include:
- Configure Products
- Native to HubSpot CRM
- Payments Embedded in Quotes
- Connected data
Configure Products: HubSpot’s product library not only allows your team to build an inventory of customizable line items to streamline quote generation. It’s fully customizable, so sales teams can edit and create products with just a few clicks to ensure every quote is accurate and reflects current pricing.
Native to HubSpot CRM: If you’re a HubSpot CRM user and need a simple configure, price, quote tool, HubSpot CPQ is a good option. Since it’s part of Sales Hub, it pulls customer data from the CRM into quotes for a streamlined selling and buying experience.
Payment Embedded in Quotes: HubSpot’s native payments feature allows you to quickly and easily collect payments through quotes. This eliminates the need for slow integrations that drag out the sales process and restrict cash flow.
Connected Data: Sales Hub was designed to increase sales rep efficiency by uniting customer data, tools, and teams in one place. HubSpot’s dashboards give revenue teams an overview of customers and the sales pipeline for greater forecasting and visibility into revenue operations.
What are the advantages of using CPQ?
HubSpot CPQ’s Benefits
HubSpot CPQ enables sales professionals to quote products and services quickly and efficiently.
Benefits of HubSpot CPQ include:
- Native integration with HubSpot CRM streamlines the customer lifecycle and provides one source of truth for customer data, quotes, and deals
- Reduces quoting errors
- Helps scale revenue operations since marketing, sales, and customer support are connected within HubSpot
- Provides a good buyer experience with eSignature integrations and native payments
- Gives insights into sales pipeline and customer data to help close deals faster
Prices
Cloudsense CPQ Pricing
HubSpot CPQ is part of Sales Hub and is available for free for HubSpot CRM users. More advanced features are available with HubSpot’s Starter, Professional, and Enterprise editions. The Starter plan is $45/month for 2 users.
Is there anyone else out there?
Competitors and Alternatives for HubSpot CPQ
There are several competitors to HubSpot CPQ, each with its strengths and weaknesses. At the enterprise level, businesses need features like advanced pricing and configuration abilities, scalability, and team collaboration. Other important factors to consider include price, ease of use, and customer support.
Top 3 HubSpot CPQ Alternatives
PandaDoc CPQ
PandaDoc CPQ integrates with HubSpot CRM to help users create proposals, quotes, documents, contracts, and more. In addition, PandaDoc CPQ automation can help sales teams minimize errors in their quotes and sales workflows. With hundreds of templates available, PandaDoc helps sales reps easily create custom quotes and proposals to engage buyers. You can also customize and share digital quotes with buyers and collaborate with stakeholders in real-time to close deals quickly.
DealHub CPQ
DealHub CPQ integrates seamlessly with HubSpot to help sales reps quickly configure customized quotes. DealHub is equipped with a dynamic sales playbook that easily guides reps through the selling process. With the guided selling feature, sales representatives answer pre-determined questions and automatically build a customized accurate quote. Quotes can be generated in various formats, such as DealRoom, Word, PDF, or Excel, making them compatible with any device or platform. Automated approval workflows and contract management features help sales teams close deals faster.
PROS CPQ
PROS Smart CPQ is a configure-price-quote software that uses data to help you decide what offers to give customers, and how much to charge for them. Data science helps guide you toward making product recommendations based on customer segmentation, buying patterns, and willingness to pay. The software’s advanced guided selling feature helps sales professionals intelligently cross-sell and upsell products.
Valuable Insight From Real Customers
Gartner Peer Insights
HubSpot Sales Hub has a rating of 4.4 out of 5 stars on Gartner Peer Insights. In their reviews, users note the software’s robust sales CRM features and report customizability. However, some users mention the high price of this software as one of its disadvantages.
The reviewers and customer demographics are as follows:
Reviewer’s Company Size
- Less than $50M: 43%
- $50B-$1B: 41%
- $1B-$10B: 6%
- $10B+: 3%
- Gov’t/PS/Ed: 6%
Reviewer’s Industry
- IT Services: 22%
- Miscellaneous: 16%
- Services (non-Government): 9%
- Finance (non-banking): 7%
- Other: 45%
Reviewer’s Deployment Region
- North America: 53%
- Asia/Pacific: 29%
- Europe, Middle East, and Africa: 13%
- Latin America: 4%
Gartner Peer Insights affirms that HubSpot Sales Hub is very effective for lead and pipeline management and has many features to streamline sales cycle management.
Rhonda Bavaro excels in boosting SaaS companies’ growth through innovative content marketing, thriving in the dynamic sales tech industry amidst evolving technologies that drive revenue acceleration.
