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To learn more about Pricefx Analytics, check our video tutorials and how-tos.

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In Pricefx, these challenges are solved through the creation and management of price lists with set up rules and logics, the use of price grids organized for fast price re-calculation across customer segments, product groups, or regions, the simulation of the business impact of price changes, the maintenance and change of inputs like targets, increase %, competitive positioning, inventory levels, etc., real-time response to changing market conditions like competition, costs, indexes, weather, etc., automated price change approval workflows, real-time connectivity with internal or external systems, the ability to get the output prices into any format or system (ERP, Digital Commerce, etc.), and the embedding of analysis into price-lists.

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Quoting

A typical challenge for business: negotiation of profitable deals

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The challenge of managing ship and debit claims involves inaccurate, manual, off-line claims validation, resulting in prolonged unresolved claims periods, as well as a lack of supporting detail for disputes (proof of sale or invoice) and an inability to forecast and evaluate the success of related programs. To address these challenges, a pricing manager needs systematic, timely, and accurate program claims validation, the ability to forecast accruals on orders or invoices and calculate payouts, and visibility into program eligibility, validity, and exceptions.

How do we solve it in Pricefx:

In Pricefx, these challenges are solved by automated handling of ship & debit claims by distributors, integration with the ERP to issue a credit memo and execute pay-outs, validation of claims to existing agreements (e.g., rebates) or quotes, and definable approval workflow rules with steps, conditions, and approvers.

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In Pricefx with AI-based Segmentation and Price Optimization, these challenges are solved by automated price optimization based on defined business goals and relevant user-defined constraints, simultaneous optimization of all pricing elements, accounting for elasticity in predictions, predicting the impact on revenue, volume, and margin, performing breakeven analysis, flexibility to change models as needed, adding priorities, rules, and constraints, overriding and constraining models to conform to rules like margin floor and competitive positioning, and outputting optimized pricing guidance into CPQ, price lists, ERP, and commerce platforms.

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Market Simulation

A typical challenge for business: : how to continue price optimization journey

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