Generate proposals/quotes from Deals and Products in the CRM

[AndyPitre]

Create products/pricebooks, & send/receive agreements/quotes/invoices in Hubspot CRM.

In order for us to use Hubspot CRM as a stand alone CRM we'd need to be able to choose products within a deal, Calculate the Full Amount if there are multiple products in one deal, and create agreements/quotes/invoices to send (hopefully through electronic signature) to our clients.

Then of course be alerted of the returning signed agreements within CRM.

Automated Triggers throughout the agreement/quotes/invoices process would be great as well.

[AndyPitre]

Hi all! I'm renaming changing the status of this idea back from Delivered to In Planning, as I realize most of you are more interested in a proposal/quote generating feature to accompany the Product Library, that way we can keep you up to date as we work to develop that type of feature.

[AndyPitre]

Hey folks - good news, we have an early version of Quotes that is available for Sales Professional customers to start using. 

If you're interested in getting early access, please fill out this form. We'll be slowly granting access as we work out the kinks and implement feedback. 

[AndyPitre]

Products was just launched today (11/1) as part of the brand new Sales Professional.  This feature allows HubSpot users to create a product catalog, attach products to deals in the CRM, and report on what items are actually be sold the most.  

If you're interested in learning more about Sales Professional, check out what's new here: https://offers.hubspot.com/all-new-hubspot-sales-professional

Or, if you already have access, learn more about using Products here: 

https://knowledge.hubspot.com/articles/kcs_article/contacts/how-do-i-use-products

[AndyPitre]

I'm so excited to announce that this morning we have released Quotes to all Sales Professional portals. See details in this knowledge doc as well as information about our integration with Stripe released in conjunction with Quotes. Feel free to post new ideas on the forum about additional functionality you'd like to see us add to the Quotes feature, and to reach out to Support with any questions

[AndyPitre]

Creating pricebooks in HubSpot is now in beta for HubSpot Sales Pro users. This feature enables users to create a catalog of products, add those products to deals, and calculate the deal amount automatically. 

If you're a Sales Pro user interested in the beta, please sign up here: https://ux.hubspot.com/products-line-items-early-access

[AndyPitre]

Just a reminder that products and line items are in Alpha. If you're interested in getting early access before Beta, please sign up here https://ux.hubspot.com/products-line-items-early-access

[AndyPitre]

Hey folks, we're getting pretty close to having an Alpha version of a products catalog available. If you're interested in joining the Alpha group, please sign up for early access here: https://ux.hubspot.com/products-line-items-early-access

Otherwise, we will reach out directly as we move this into Beta. 

[#9]

The business that I am working in typically has contracts that have multiple payment milestones for a single deal. I would like to capture that information with the deal, and use this to make revenue / income forecasts for a defined time period. It would be even better if the individual payment milestones can be assigned an invoice ID (number/string) and a status (e.g. sent, paid, ...)

[#10]

This will be a great addition beyond issuing quotations / invoices to pipeline & forecast management as well as potentially tracking commissions for external partners or sales reps. Having line items within a deal for the likes of the following would be beneficial:

• Custom Product or Service
• Cost of Sale
• List price discount
• Standalone or recurring revenue (retainer)
• Commission Percentage

Thanks!

[#11]

I just want to chime in and echo DMS's recurring revenue point. We're currently unable to use HubSpot as our CRM because it lacks the ability to recognize ongoing/long-term revenue. We're a software services company, and a "deal" for us represents a team of designers, developers, and QA's that are tasked to a client over an extended period of time. 

The way that HubSpot currently structures deals, as single lump sums, makes it impossible for us to use for our pipeline and forecasting... It's actually the only reason that we haven't trasitioned away from Salesforce as our CRM. If we win a new deal, HubSpot will place all of the revenue in the month that the deal closes, when in actuality that revenue spans 6+ months of work.

In Salesforce we can create a product schedule and forecast revenue from a single opportunity across multiple months. We invoice clients in two week intervals for the hours billed on the project. I would hope that HubSpot keeps this type of use case in mind as you scope these upcoming features.

Thank you

[#12]

We would also like a field that can be checked yes/no to indicate whether something should be in our monthly forecast.  The forecast as set up within hubspot is based on the pipeline which is not necessarily how we currently calculate it.

[#13]

Ideally, the product pricebook should include: 

Product Name
Product Subscription
SKU

Duration / Term (i.e., Month, Annual, etc.)

Pricing Type (Custom Field capability to support pricing for different type of customers i.e., nonprofit, government, educaiton, etc.)

Product Family and/or Type (to be used for Vendor information, or type such as Hosting, Consulting, Training)

Kindest Regards,

Bret Peters 
Fig Leaf | www.figleaf.com

[#14]

Hello,

Any updates on this?

Will HubSpot's investement in PandaDoc accelerate this?

Thanks!

[#15]

Agree completely. We can't track revenue forecast properly at the moment as we only have 'one-line' per Deal. We need to be able to track Recurring Revenue separately from one-off charges.

[#16]

100% agree that this should be a priority for hubspot to address. The lack of product line items in deals makes it difficult to adopt hubspot as a full company CRM. If you close the gap by adding this feature you potentially allow many more customers to adopt hubspot as their single CRM. would love to hear an update of how the planning is going with this feature request

[#17]

100% agree as well! We really need this before making a big switch to HubSpot CRM. Any updates on it?