Hive CPQ Features

Allows users to search, filter, sort and select items to be added to quote

Based on answering questions about customers the configurator automatically selects the best fit products

Rules ensure that users select only compatible options and that all required items are included

Pricing is displayed during configuration process so that users can quickly see how configuration changes impact the price

Images can be displayed of options to enable users to visualize product options as it is being configured

Ability to support multiple pricing models for one-time, recurring, and other items

Ability to manage discounts at quote and line level; ability manage discounts based on volume and customer agreements

Allows rules to be written in commercial process so that users don't make errors in pricing, terms, and other commercial considerations

Ensure that users automatically include the right terms based on items being quoted

Users can submit quotes, contracts, etc for approval and obtain appropriate approvals quickly

Allows users to renew existing contracts based on contracted pricing and existing assets already owned

Ability to easily group items on quotes; apply and manage discounts and pricing by group

Provides abilty for versions to expire, allows users to create new versions, revert to old versions and track changes from version to version

Generate professional proposals with desired branding, product descriptions, pricing, terms, and visuals in desired format (pdf, xls, word)

Enables users to seemlessly convert quotes to orders with appropriate validations, workflow, and integration

Ability to convert accepted quotes into contracts; set up of required assets and contracts

Manage the process of evaluating documents or requests submitted for approval

Easily build and maintain configurator; flexibility to easily embed all desired business logic

Can easily build and maintain pricing logic required by business

Easily build and maintain workflows, misc commercial fields, commercial rules

Ability to easily build, update, customize, and maintain quotes, contracts, and other document outputs

Manage, organize, and store contact information

Track products that are for sale at a reduced price or part of coupon promotions

Create and manage digital catalog of products/services with their details, specifications, and price

Track, store, and access client contracts or licenses

Manage and track the renewal process for various services, subscriptions, contracts, or licenses

Track and manage the profit margin between the cost of a product and its selling price.

Manage and track customer orders for goods, investments, or any other purchases

Supports users working on a mobile devide (phone and/or tablet)

Provides functionality for channel partners to configure, price, quote and buy products in a self service environment

End customer users can configure, price, and buy products in a self service environment online

CRM integration is flexible and easy to maintain

System provides API's that can be used to easily integrate to financial and other 3rd party systems

System support multiple currencies and languages to enable business in multiple countries

Provides ability for very large quotes, number of products, users, rules, required by enterprise level customers

Easily generate desired reports and dashboard on configurations, pricing, and quoting

ERP integration is flexible and easy to maintain

Dashboard to view the status of ongoing processes, identify current incidents and track past activities

Set up connections to third-party platforms to improve business processes

Enables products to be viewed and configured in two-dimensions.

Enables products to be viewed, configured and interacted with in three-dimensions.

Generate a CAD diagram using the features selected in a product configuration.

Overlays a 3D representation of the product being configured onto a background captured live by the camera of a phone or tablet.

Places the product inside a computer-generated 3D scene where they can see a 360-degree of the product in its surroundings.

Allows sales representatives and customers to drag features from a menu onto the visualization of the product.

Floor space planning (FSP) visualization tools are optimized for organizing the contents of a room, warehouse or building.

Visual configuration tools often integrate with other tools, most prominently CPQ solutions.

Create sales proposals based on the visual product configurations.

Configure products according to pre-defined rules and/or constraints

Graphical representation of data

Visualize products in real time, as they are configured

Integrate with existing ERP systems

Provides the ability to generate images from a text prompt.

Use AI to generate content in the form of text, images, videos, etc.

Generate personalized quotes and proposals that corresponds with each customer's tailored preferences and buying behavior

Analyzes data to suggest price adjustments instantly based on competitor pricing, demand, market prices, production costs, and other factors

Enhances guided selling by learning customer preferences and suggesting the most suitable products and services based on their individual needs

Track and manage inventory levels to maintain proper supply

Private online space that lets businesses securely share documents and provide information access to clients

Collaborate on creating a product by sharing and adjusting designs through a shared portal

Application programming interface that allows for integration with other systems/databases

Send / receive, process, and execute orders

Manage and track customer orders for goods, investments, or any other purchases

An order generated by a seller to a customer, containing details about products or services

Dashboard to view the status of ongoing processes, identify current incidents and track past activities

Create, design and manage workflows for repetitive tasks

Track products that are for sale at a reduced price or part of coupon promotions

Representation of any object in 3D

Manage and handle various international currencies

Create, save, and re-purpose templates for emails, forms, etc.

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

For use by customers

Add customized logos and colors to align with company branding

Calculate rule-based prices for a product/service

Reports specific to sales analysis for trends and strategies

Observe and track the demand, usage, progress or quality of a system, product, or user

Present a catalog of inventory that customers can view

Built-in customer relationship management (CRM) capabilities or integration with a third-party CRM system

Analyze the current state of sales data to accurately understand trends and forecast future sales numbers.

Pre-designed layouts that can be customized to match preferences and requirements

Drawing and modeling designs within 2D flat dimensions

Store, manage, and track all electronic documents in a centralized location

An online catalog of inventory that customers can view

Material list of manufacturing parts and associated costs

Manage and support multiple languages

Capture, organize and track product-specific data and information in a centralized location

Manage the process of evaluating documents or requests submitted for approval

Define levels of authorization for access to specific files or systems

Synchronizing data between two or more devices/systems and automatically updating changes to maintain consistency

Entering, storing, and transmitting electronic and/or online orders, tests and other services for all types of industries

Generate quotes or estimates for customers

Create and manage digital catalog of products/services with their details, specifications, and price

Track and manage the profit margin between the cost of a product and its selling price.

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Track revisions and updates made to files and navigate between different versions

Identify component attributes like servers, hardware, software, and manage relationships across all services

Has a built-in eCommerce system or integrates with third-party systems to manage online sale of products

Online portal through which end users can access the system, manage tasks, or obtain information

Automate processes to manage leads, contacts, opportunities and sales activities

Usage of documents or items within a specific organization

Store and manage 3D digital assets

Assemble applications and processes by dragging over and arranging pre-built components

Calculate rule-based prices for a product/service

Graphical representation of data

It is a logic or a condition that executes business rules in a runtime production environment

Receive data and information in real time

Generate quotes or estimates for customers

A record of all activities within the system, including user access, changes made, etc.

Assemble applications and processes by dragging over and arranging pre-built components

Define levels of authorization for access to specific files or systems

Automate processes to manage leads, contacts, opportunities and sales activities

Store and organize documents in a centralized system

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Built-in customer relationship management (CRM) capabilities or integration with a third-party CRM system

Pre-designed layouts that can be customized to match preferences and requirements

Customize the specifications of a finished product to meet the particular needs of a customer

Online portal through which end users can access the system, manage tasks, or obtain information

Form predictions based on past and present data/trends

Material list of manufacturing parts and associated costs

Manage and handle various international currencies

Use AI to generate content in the form of text, images, videos, etc.

Add customized logos and colors to align with company branding

Digitally sign online documents

Customizable sample documents that contain placeholder text or a standard layout that can be repeated for each new file

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns