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At Pricefx, we have segmented our solution into four several different categories of Plan, Price, Profit, and Platform, and each of these addresses very specific sets of pricing requirements. Thus, our multitude of Accelerators is also separated into these distinct groupings to focus on solving common problems in these areas.
Category | Accelerator | Description |
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INSIGHTS | Customer Insights | Assists in the prevention of margin leakages through a set of pre-built dashboards that enable you to identify customers at risk with low health scores. |
Sales Insights | Provides insights with pre-built dashboards into revenue and margins for customers and products. | |
Actionable Insights | Helps you find business opportunities or detect risks by using relevant contextual actions which are triggered by specific situations. | |
Pricefx Plasma | Compares more than 20 pricing performance benchmarks against anonymized aggregate transaction and quoting data. | |
PRICE MANAGEMENT | Price Setting | Provides range of pricing strategies to create complex price lists with lightning speed. |
Price Flexibility | Increases your ability to respond to market changes using dynamic pricing capabilities |
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Price List Impact Simulation | Visual impact assessment tool that allows Pricing Managers to use updated list prices to simulate the potential impact of the new prices on their business. |
Price Waterfall Optimization | Provides a |
fast implementation of a standard waterfall simulation. | |
Agreements Accelerator | Provides a solution for faster implementation of formula-based long-term customer agreements. |
Rebate Management | Effectively manages your rebate agreements and recognizes margin leakage using pre-defined rebate types. |
QUOTING |
Price Optimization
Utilizes next-generation AI-powered price optimization to provide price guidance to impact your goals.
CPQ
Negotiation Guidance | Provides fast implementation of segmentation and computation of price elasticities by segments. | |
Sales Compensation | Provides a standard process that ensures that sales compensation agreements are aligned with company goals. | |
Product Recommendation | Provides recommendations on products to add to your quotes based on how often they were bought by the customer or based on other related products/customers. | |
PLATFORM | Approval Workflow | Provides methods for control and tracking of automated approvals for key processes (quotes, rebates, price lists, etc.). |
Pricefx Plasma
Compares more than 20 pricing performance benchmarks against anonymized aggregate transaction and quoting data.
What Are Some Typical Business Scenarios for Accelerators?
Each segment of our solution (Plan, Price, Profit, and Platform) is designed to solve specific problems in common business scenarios and our Accelerators are no exception.
For example, in the Plan Insights segment of our solution we can provide insight into these scenarios:
Sales Insights Accelerators can be used for:
Understanding the revenue and margin trends
Identifying the lowest-performing products
Determining which product line contributes the most/least toward the revenue
Determining the least performing product/product line by KPI
Analyzing low performing customers/products
Customer Insights Accelerators can be used for:
Determining customer performance by health score and revenue
Identifying pricing and selling opportunities
Determining the high and low volume products
Determining attributes of customer and product portfolio mixture
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The Pricefx Accelerators can be deployed at various points in your pricing application development. Some Accelerators can be deployed at the inception of your project because they only require that certain data exists exist (i.e. customer, product, and transactional history). This scenario pertains to the Plan Accelerators of Sales Insights & Customer Insights Accelerators.
Another group of Accelerators (Price Setting / Price Flexibility, Price Waterfall Optimization, Rebate Manager , CPQ, etc.) can be used as the cornerstone of a solution to meet your specific requirements. Once implemented, these Accelerators can be customized and modified to meet the unique requirements of an individual project. This approach allows pricing applications to be developed faster without any loss of functionality or compromising the quality of the solution.
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Although each Accelerator has its own unique functionality and capabilities that are linked to pricing issues they are designed to resolve, their installation and deployment are quite easy. Any of our Accelerators can be deployed to your partition using our PlatformManager product. You simply select one of them from the PlatformManager Marketplace:
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Once an Accelerator has been selected, you click the Deploy button to begin the installation dialog for our your partition. Within the detail of each of our Accelerators, we provide a step-by-step guide on how to perform the individual Accelerator installation.