PandaDoc CPQ is created by PandaDoc, which is a cloud-based document management software. PandaDoc CPQ assists its users with creating proposals and quotes, document generation, contract creation, and so much more. In addition, PandaDoc CPQ enables sales and marketing teams to minimize errors in their workflows with the help of CPQ automation.
PandaDoc CPQ is a comprehensive and easy-to-use CPQ solution that integrates seamlessly with CRM and ERM platforms. It offers hundreds of templates to create highly customized quotes and proposals that engage buyers. Users can customize and share digital quotes with buyers and collaborate with stakeholders in real-time to close deals faster.
Why this product is good
Positives of PandaDoc’s CPQ software
- PandaDoc CPQ allows decision-makers to collaborate on quotes. This particular advantage is a great way for sellers to receive feedback from buyers.
- PandaDoc CPQ is an effective document automation system that unifies quoting, contracts, and eSignature.
- Allows sales teams to see where prospects are in the pipeline in real time.
What is PandaDoc CPQ?
PandaDoc significantly improves your workflow by allowing you to generate quotes inside your CRM with one click. You can also track quote views and signatures, as well as process payments via secure credit card transaction fields.
- Contract Lifecycle Management
- Quote generation
- CPQ integrations and analytics
- Payment processing
Contract lifecycle management: PandaDoc enables sales organizations to organize, track and automate the entire contract process.
Quote generation: Another core feature of PandaDoc CPQ is generating quotes that impress. By eliminating time-consuming manual data entry, quotes can be created in minutes. Interactive pricing tables enable users to instantly pick any service or product they require at the correct price.
Collaboration: PandaDoc CPQ enhances collaboration in real-time with both external and internal partners. PandaDoc’s collaboration capabilities enable sales team members and buyers to share media files, communicate, and work together on documents.
CPQ integrations and analytics: PandaDoc CPQ integrates with many CRMs and sales tools, making it easy to create, send, track, and eSign documents quickly without leaving the programs you’re already using. Seamless integrations also make it easy for you to gather real insight on buyers and deals. This helps sales teams make important and creative decisions that help move deals forward.
Payment processing: PandaDoc CPQ incorporates a payment system to accept, record and reconcile financial transactions. This helps reduce the average payment time to within 2 days. PandaDoc CPQ integrates with secure merchant solutions as well.
What are the advantages of using CPQ?
PandaDoc CPQ Benefits
There are many benefits to utilizing PandaDoc CPQ, including:
- Workflow for sales is easy, smart, and fast
- Fully integrated with CRMs
- Simple and quick quoting processes
- Minimized errors
- Payments with ease
- Strong and efficient document analysis
- Multiple workspaces
- Fast approvals
PandaDoc CPQ Pricing
PandaDoc offers four core variations of its CPQ which are: Free eSign, Basic, Standard, and Premium. The pricing of PandaDoc CPQs Free eSign as its name suggests is free. The pricing of PandaDoc CPQ Basic per user is $19 per month. The monthly fee for PandaDoc CPQ Standard is $49 per user. Contact PandaDoc sales for pricing on their CPQ Premium subscription.
Is there anyone else out there?
Competitors and Alternatives
There are several competitors to PandaDoc CPQ, each with its features and benefits. At the enterprise level, businesses need features like advanced pricing and configuration abilities, scalability, and team collaboration. Other important factors to consider include price, integrations, ease of use, and customer support.
Top 3 PandaDoc CPQ Alternatives
DealHub CPQ reduces time-to-quote with a highly intuitive quoting solution that minimizes administrative tasks and streamlines sales operations to reduce the sales cycle and increase revenue. DealHub CPQ has native integration with your CRM (Microsoft Dynamics, Salesforce, SugarCRM, HubSpot, and Freshworks). DealHub is a no-code solution that is ready to implement out of the box. For added value, DealHub CPQ and DealRoom seamlessly connect to deliver quotes and contracts within a digital sales room in which buyers and sellers can collaborate on deals.
Salesforce CPQ is a feature-rich quoting solution that integrates with existing Salesforce software for easy use. With features like customizable dashboards and reports, lead and contact management, and sales opportunity management, Salesforce CPQ simplifies and automates the quote-to-cash process. It helps sales teams provide accurate pricing quickly, regardless of product configuration or pricing complexity.
Oracle CPQ is a cloud-based software application that helps businesses automate the quote-to-cash process. It provides a centralized repository for pricing, product, and customer data, and uses this information to generate accurate quotes fast. The software’s flexibility and ease of integration help users see value quickly.
Valuable Insight From Real Customers
Gartner Peer Insights
PandaDoc CPQ is rated 4.0 stars out of 5.0 stars on Gartner Peer Insights. In their reviews, users note the software’s ability to automate sales workflows and create impressive documents quickly. However, some users mention that document editing and customization could be improved.
The reviewers and customer demographics are as follows:
Reviewer’s Company Size
- Less than $50M: 22%
- $50M-$1B: 52%
- $1B-$10B: 14%
- Over $10B: 10%
- Gov’t/PS/Ed: 2%
- IT Services: 19%
- Services (Non-Government): 19%
- Retail: 14%
- Media: 7%
- Other: 40%
- North America: 71%
- Asia/Pacific: 13%
- Europe, Middle East, and Africa: 10%
- Latin America: 6%
PandaDoc CPQ has received the most positive reviews for the ease of use and unified interface that it provides when dealing with contracts, reports, and eSignatures.
Common Questions and Answers
PandaDoc CPQ is built by PandaDoc which is a cloud-based document management software. This CPQ helps its user create proposals, quotes, document generation, contract creation, etc. PandaDoc CPQ impacts sales and marketing teams to minimize errors in their workflows with the help of CPQ automation.
No, there are a few CPQ Software that are on the market, such as SAP CPQ, Oracle CPQ, Salesforce CPQ, and so many more.
PandaDoc CPQ has many fundamental features, which can be outlined as follows: delivering contracts fast and easy, generating quotes that impress, collaborate with simplicity, CPQ analytics with real insight, and simple and fast payments.
Yes, PandaDoc integrates with more than 14 CRMs.
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.