How CPQ helps in quoting the services to customers in Salesforce?

CPQ is a cloud-based software that helps companies accurately configure and price goods across a large and constantly changing spectrum of variables.
Researches reveal that the sales reps only spend 34% of their time selling, and they spend the rest of their 66% time creating quotes, proposals, and getting approvals. As per one of the reports, if you use CPQ, you can boost selling by
1.Ten times faster quote creation
2.95% decrease in approval time

3.Two times quicker moving from quote to cash
4. 30% speedier ramp for new reps.