How CPQ Works
In the simplest terms, Maestrolive CPQ asks you to add items to an estimate using the mobile app creating a total estimate with each item detailed individually. This is then exported into a PDF and emailed to your customer.
The items you add to the estimate are managed centrally by your office team. For example, if you sell gas central heating boilers you would add physical items to your 'stock list' such as pipe, different models of boiler, filters and so on each with a cost price and a markup. You would also add human resources such as an engineer and an engineer's assistant. As you create the estimate, you would add these different items so for example to install a new central heating boiler we'd need 1 boiler, 5 metres of pipe, 1 gas engineer for 8 hours and 1 engineer's assistant for 8 hours. The CPQ addon then totals that up and sends the finished estimate to your customer for acceptance.
You can update your stock list any time thus ensuring your estimators on the road always have the most up to date pricing and availability. CPQ also calculates markup and tax rates on the fly so you only ever need to input your cost price and CPQ will hide the margin calculations from your customer.
When the estimate is emailed to the customer, they can accept or reject the estimate using a link in the email. Once the estimate is accepted, the estimate is converted into a job that is then handled by Maestrolive's workflow in order to get the job done.