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The new sales quote versioning feature allows businesses to track changes in sales quotes. This is beneficial for iterations and negotiations with customers. For example, after sending an initial quote, a discount can be offered on a line item. Once submitted, the customer expresses interest in proceeding with the deal. Each quote can have multiple versions, with only the active version editable and usable for follow-up sales orders. Active quotes are identified by their open or in-process status, streamlining the sales process and ensuring clarity in negotiations.