What value does Price Setting provide to users? 

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The module supports price policy definition, setup of price guidelines, calculations and simulations of gross, special and net prices including algorithmic optimization, as well as the rule based or manual approval of price calculation results.

What typical challenges business users face in price setting?

• Slow and laborious mass price updates that occupy the pricing team for weeks

• Slow response to changes in cost, competition and demand

• Reducing profit margins resulting from uncontrolled and inconsistent discounting practices

• Difficulty managing increasingly complex pricing strategy, rules and guidelines

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The package provides several "built in" Price Strategies Strategies:

• Competition Based Pricing

• RRP (Recommended Retail Price)

• Promotion Pricing

• Cost Plus

• Price Increase

• Value Based Pricing

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Implementation examples

Consumer Electronics - 30 million prices recalculation and distribution, global competition-based pricing strategy, instant prices export.

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