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The combination of accelerators and customer configuration aims to enable complete flexibility in solution development to handle the most nuanced and complex pricing challenges.

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Customer Configuration Key Insights

1. Flexibility vs. Speed: The focus here is on providing a highly customizable solution that prioritizes flexibility, which may be necessary for businesses with unique or complex pricing needs.

2. Comprehensive Capabilities: The listed core capabilities suggest that this configuration can handle a wide range of pricing-related tasks, from analytics to rebate management.

3. Technical Customization: The inclusion of "Technical (Groovy) Development" indicates that there is support for custom technical development, likely using the Groovy programming language, which is often used for scripting and customization in enterprise applications.

4. Settings and Parameters: This suggests that users can adjust settings and parameters to fine-tune the system to their specific needs.

Detailed Breakdown of Customer Core Capabilities

Each customer implementation will include one or more of the Pricefx core capabilities like Analytics, Price Setting, Quoting, etc. Each of these capabilities will extend the Pricefx Core capabilities and provide the basic infrastructure for developing customer requirements and user stories with a high degree of flexibility in their design and development.

These customer development specific components include the following:

Analytics

The analytics functionality within the Pricefx application empowers users to gather, analyze, and present data in various formats to facilitate decision-making and insights generation. It offers visibility into pricing and margins, assists in formulating and implementing pricing strategies, and supports the examination of both real-world and simulated pricing approaches. This feature includes tools for data visualization, customization, and analysis using charts and tables.

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Price Setting

The Price Setting feature in Pricefx enables users to create and manage various types of price lists, including standard price lists, live price grids, manual price lists, and calculation grids. It includes pricing strategies, automated price recalculations based on defined rules and parameters, and supports dynamic pricing for static, calculated, or manually set price lists.

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Quoting

The Quoting feature in Pricefx assists sales teams in creating and managing proposals, quotes, and negotiations with customers. Users can define pricing strategies based on factors like costs, competition, and market conditions. This feature includes workflows that help sales teams efficiently generate accurate proposals while following corporate pricing guidelines and accessing crucial data such as costs, margins, rebates, and incentives.

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Agreements & Promotions

The Agreements and Promotions feature in Pricefx allows businesses to manage discounts and promotions for customers at different levels, such as product, customer, or location. This feature supports the creation, monitoring, and tracking of promotions and discounts, including the calculation of net prices based on agreement and promotion structures.

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Rebates

Pricefx's Rebate Management feature is designed to support sales, finance, and pricing professionals in effectively managing and optimizing rebate programs with customers, suppliers, and partners. It enables users to establish, execute, and maintain complex rebate agreements, including payouts and accruals, providing a range of predefined or customizable rebate programs to meet diverse business needs.

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Detailed Breakdown of Customer Configuration

Every customer implementation regardless of the Pricefx capabilities that are implemented will still utilize common core components that provided the foundation and infrastructure for the customer’s customized pricing solution.

These customer development specific components include the following:

Settings and Parameters

Configuration settings and parameters in Pricefx allow users to customize and adjust various aspects of the pricing and configuration process. For example, both the Pricefx core and individual capabilities utilize various feature flags and settings that enable or disable specific functionalities within the platform.

Groovy Development

Groovy plays a significant role in building Pricefx pricing solutions by providing a flexible and powerful scripting language that allows users to customize and extend the functionality of the Pricefx platform. It is used as a configuration language, allowing users to express business logic in a familiar and concise manner.

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Optimization

The Optimization feature in Pricefx enables users to enhance pricing strategies by analyzing pricing data, market trends, and customer behavior. By utilizing advanced algorithms and analytics, users can identify optimal prices that maximize profitability while aligning with customer demand.

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