There are various names for the same type of software circulating in the market. Here are a few definitions to help you identify your specific need:
CPQ (Configure, Price, Quote). The three steps involved in generating a quote. Standard packages such as Salesforce CPQ or SAP CPQ are broadly focused on B2B sales. The most commonly used term internationally.
Quote configurator or quote tool. Dutch version, often further down the funnel: a lighter version that focuses on generating a quote without extensive contract logic.
Subscription builder. For recurring contracts: subscriptions, memberships, SaaS plans.
Rate Configurator. Version for energy and telecom, where rates are calculated dynamically based on usage, segment, or market prices.
Policy Configurator. For insurance: customize, compare, and apply for coverage.
Quote-to-cash. A broader term in which the configurator is part of a complete quotation and invoicing workflow.
The names may vary, but the process is the same. A client or salesperson follows a structured process that results in a contract that is accurate, automatically imported into your systems, and can be invoiced without any manual intervention.