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Price Setting
The Price Setting capability in Pricefx empowers users to create and manage a variety of price lists, such as standard price lists, live price grids, manual price lists, and calculation grids. It offers pricing strategies, automated price recalculation based on specified rules and parameters, and dynamic pricing support for static, calculated, or manually set price lists.
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Quoting
The Quoting capability in Pricefx supports sales teams in generating and managing proposals, quotes, and customer negotiations. Users can establish pricing logic based on factors like costs, competition, and market conditions. The feature includes workflows that enable sales teams to swiftly and accurately create proposals while adhering to corporate pricing policies and accessing essential data such as costs, margins, rebates, and off-invoice incentives.
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Optimization
The Optimization feature in Pricefx empowers users to refine pricing strategies through the analysis of pricing data, market trends, and customer behavior. By harnessing advanced algorithms and analytics, users can determine optimal prices that enhance profitability while considering customer demand.
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Plasma
Plasma, a pricing analytics solution created by Pricefx, supports pricing managers in analyzing and benchmarking their pricing strategies against industry standards. It utilizes anonymized and aggregated transaction and quoting data from multiple companies for comprehensive insights.
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Sales Compensation
Sales Compensation is a structured framework that outlines the commission, bonus, and incentive framework for sales representatives. It fosters positive behaviors within sales teams to drive the accomplishment of overall organizational objectives. This system involves the establishment of a Sales Compensation Plan, detailing the base salary of sales agents and defining the company's commission and incentive structure.
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Rebates
Pricefx's Rebate Management feature is specifically crafted to assist sales, finance, and pricing professionals in efficiently managing and optimizing rebate programs with customers, suppliers, and partners. It empowers users to establish, execute, and uphold intricate rebate agreements, including payouts and accruals, offering a diverse selection of predefined or customized rebate programs to suit various business requirements.
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Agreements & Promotions
The Agreements and Promotions feature in Pricefx empowers businesses to oversee discounts and promotions for customers across various levels, including product, customer, or location. This functionality facilitates the creation, maintenance, and tracking of promotions and discounts, along with the calculation of net prices based on the structures of agreements and promotions.
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Channel Management
The Channel Management capability within Pricefx is dedicated to overseeing and enhancing the channels through which products are distributed. This module presents a comprehensive solution for managing ship and debit claims, streamlining the intricate processes involved in channel management.
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