Software that helps teams configure an offer, apply pricing rules and prepare a quote. The name stands for configure, price, quote. It helps turn an agreed commercial structure into a consistent offer using the organisation’s product and pricing rules.
An example
A seller selects 100 licences and a support package. The CPQ applies the eligible bundle price, checks the requested discount and prepares quote v3 for approval before an order form is produced.
What to check
Capabilities vary by implementation. A price calculation does not by itself settle contractual interpretation or approval authority.
In practice
Check what your particular CPQ owns: product selection, calculations, approvals, documents or some combination. Deal desk still needs a way to resolve requests that fall outside those configured rules.