Quote Pricing
CPQ software powered by AI
Peak’s Quote Pricing AI application enables sales teams to rapidly create quotes using real time data to increase win rates while maximizing margin.
Responding to quote requests takes time
Prospects want quotes at speed, custom-fitted to their needs. But responding to requests for quotation (RFQ), can be messy, manual and time consuming. That means you risk losing the business to competitors. Often you’ve got quotas to hit, so you discount the price to close the deal. You need to give quick quotes at a price that wins new business, but protects profits.
Automate and optimize with CPQ software
Quote Pricing is an automated pricing application that uses AI models to ingest data across your business to automate the RFQ process and deliver optimized pricing that lands deals, without leaving money on the table.
Win with super fast, optimized pricing
Speed up the sales process, increase conversion rates and maximize profit margins with our automated CPQ platform
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Increase win rates
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Maximize revenue and profit margins
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Reduce excessive discounting
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Give your business the competitive edge
See list pricing in action
List pricing enables your pricing teams to optimize list price change process. Take a quick look at list pricing in action here.
See Quote Pricing in action
Watch our high-level, 30 second demo video and see how AI can revolutionize your sales team’s day-to-day.
Under the hood
Quote Pricing is a pricing optimization software built on the Peak platform. It uses AI models to estimate sale conversion probability on a range of prices to instantly recommend a price for each quote, helping you maximize profit margin and increase conversion rates.
- Key users
- Features & benefits
- Actions & results
Enabling your sales people across your field organization
- Sales Manager
- Salesperson
- Channel Sales Specialist
- Business Development Manager
- Field Sales Representative
- Territory Sales Representative
- Sales Representative
Applying predictive price modeling, price elasticity and quote optimizations to your data
Creates a Predicted Selling Price Model that predicts what discount the quote is likely to sell at based on past sales.
Through the use of a Quote Conversion Model, which predicts the likelihood of a quote being accepted, the application then optimizes across multiple price points to find the best price point to meet your KPIs.
These allow you to be sure that the price you’re offering the customer is the best to maximize both the chance of it being agreed, whilst maximizing your relevant KPIs.
Businesses who have deployed the Quote Pricing AI application are seeing up to 8% improvement in quote conversion and up to 4% improvement in profits
Real-time visibility of all your quotes across your sales network, at all stages in the sales and quoting process:
- Create new quotes both via the application or headless API connection
- Review current quotes and update their status
- Integrate directly with your own systems
Success stories
