ERP Integration with CPQ- What is it & What Does it Do?

ERP Integration with CPQ- What is it & What Does it Do?
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Talk about any industry where there is less competition today and you will find that there is no such
industry. This intense amount of competition and the urge to stay a little ahead has made it necessary for
a lot of business tools to be implemented and incorporated.

It is, therefore, a little unfortunate that the tools don’t provide the kind of business optimization that’s
expected of them. A big motive of going ahead with the different systems governing your business
operations is that they can be successfully integrated for efficiency maximization.

With ERP CPQ integration, manufacturers can indeed touch upon a level of efficiency they didn’t think
possible, and that’s a straight fact. This is what we are about to tell you in this one. But first, let’s
understand both ERP and CPQ separately before going to their integration.

ERP (Enterprise Resource Planning) Software

ERP software refers to the tool that helps in the management of a vast amount of data on which the
business operations rely. You can think of this software as a data repository, but in truth, it’s much more
than that. ERP software can also automate quite a few data-based processes within your business
ecosystem.

As far as the feasibility goes, ERP systems are equally available for companies of varying scales and
sizes because they can help you scale up effectively. You would be surprised to know that the initial
objective of developing ERP tools was to make them act as a resource for inventory management.

With the integration of ERP and CPQ, any order taken by a manufacturer gets entered into the CPQ
software, getting automatically transferred to the ERP platform to plan further demand and subsequent
production.

There are a lot of ways in which an ERP system benefits the business, but if before going into details, it
can be summed up in a couple of statements- ERP integration with CPQ can align your business processes
to great effect so that areas like order-taking and actual production can be optimized to the best of effect.

Advantages of the Right ERP System Software

As far as business advantages are concerned, a robust ERP system brings you-

Reduction in Costs
ERP systems can replace a lot of outdated software systems as well as manual processes. The more the
number of software systems, the more cost-involving it becomes to maintain these systems.

Once you commit your operations to a single ERP system, you can streamline both your costs and time,
which in turn is going to reduce the costs as well as production overheads.

Absolute & Complete Access

A huge benefit that an ERP system brings to an organization is that the management can access every
single data touchpoint as and when the need is felt. Think of it as a single stop for all your data
requirements. With this, it becomes easier to foster a sense of collaboration among the workforce.

Single Reporting Avenue
An ERP system allows the centralization of data, through which it becomes a single reporting structure.
It enables teams to quickly analyze the financial aspect of every department from one point and not
multiple systems or platforms.

The Role of Epicor CPQ in Making ERP Better

The biggest advantage of Epicor CPQ is that it can get flawlessly integrated with an existing ERP system.
CPQ ERP integration can streamline the complete quoting process effectively by providing what
customers need in the first place.

With the right ERP integration with CPQ, the complete process can be completed in just a few minutes,
and that too, with a lot of accuracy. Users can see lifelike 3D renderings of products they have configured,
which gives them a great idea about the product they are going to purchase.

Epicor CPQ works well with leading ERP systems like SAP, making your integration of ERP and CPQ
highly rewarding and efficient. The simplicity of it all can be understood with just one instance- all the
sales reps need to do is access the ERP system and create a detailed product configuration. The system
can then generate multiple quotes and attach them to the opportunity in the ERP system.

Long story short, with CPQ ERP integration, you can provide customized products with pricing that is
very accurate and reliable at the same time. You won’t go south with it.