A price quote, also referred to as a quotation or a sales quote, is a written-format sales document that sets out the price for products and/or services within specific timelines. A quotation aims to communicate a detailed breakdown of what is being offered and the costs involved. Upon receiving a quotation, the potential customer can choose to accept the price quote, decline it, or propose an alternative based on their specific requirements – known as a counteroffer.
The transaction only moves forward and acquires binding legal status when both parties reach a mutual agreement on the price. After the seller and buyer have mutually accepted a price proposal, it cannot be changed without the written consent of both parties.
Optimize your quotations for precise and immediate responses
First and foremost, maintain an updated and accurate record of your inventory and pricing within your CRM system. This allows sales teams to easily retrieve all necessary information, including pricing, quantities, delivery dates, product descriptions, and images, and incorporate them into a customized template document. With this is place, as you enter the decisive phase, after weeks of hard work to secure the deal, it is trivial to generate a quote if you have the right software in place.
Documill has developed solutions that assist sales departments by automating the way documents get generated and make their way from generation to electronic signature and final delivery. With just a few clicks, sales reps can effortlessly populate sales quotes with real-time Salesforce data, including contact and product-specific details, eliminating the need for laborious manual data entry.
The software offers extensive customization capabilities, ranging from multilingual quotes to an intuitive drag-and-drop interface and a comprehensive clause library. This flexibility ensures that every quotation can perfectly align with any company’s specific criteria while maintaining the highest standards of data security and professionalism
- Use Documill Dynamo to optimize and automate document creation based on Salesforce data. Then, automatically send sales documents to be signed electronically by all required parties.
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