Quotation management automates the creation, approval, and tracking of sales quotes within a CRM system. This process ensures accuracy in pricing, discounts, and contract terms, helping sales teams generate proposals quickly and efficiently. AI-driven CPQ (Configure, Price, Quote) solutions improve the quotation process by dynamically adjusting pricing based on customer needs and historical data. With automated quote tracking, businesses reduce errors, accelerate deal closures, and enhance customer experience. Companies that optimize quotation management benefit from faster sales cycles, improved compliance, and higher conversion rates.