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LEARN MORE: Discover Check out the latest information available release on Agreements and Promotions, here. |
Utility of Agreements & Promotions
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Pricefx offers the right functionality to create, maintain and track your promotions and discounts and their impact on your pricing, revenue, and margin.
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Pricefx Help with Promotions Management
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Agreement The Agreements & Promotions functionality offers the following capability offers a range of features to support your business:
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, including the management of discounts at different customer/product levels
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, the setting and rollout of price promotions and campaigns
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, and the calculation of net prices in connection with
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ERP backend system
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structures. Additionally, it enables the calculation and setup of various special price conditions
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, the establishment of a transparent and manageable discount system
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for
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sales activities on local and global levels
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, and access to analytics on discount impacts and margin leakages
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. There are two common ways of setting up agreements & promotions: Framework and Individual approaches.
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Typical Business Scenarios
The Agreements & Promotions functionality can be used for the following scenarios:
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a variety of scenarios. This includes providing regional and seasonal discounts for different
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customer segments, offering standard discounts for a
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specific product group that should always be
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added for
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volume
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purchases above
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a certain number of units
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, ensuring that the subsidiaries of our umbrella customer
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automatically receive the
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negotiated discounts, and limiting the use of discounts that impact margins and profitability.
Promotions Key Functionality
The scope of the Agreements & Promotions functionality scope available:includes the ability to manage condition term types using logic with predefined elements/parameters, create and maintain agreements, perform agreement calculations, execute approval workflows, manage and track discount records, and utilize agreement and promotion insights in other Pricefx functionalities. Here’s a faster view of the key capabilities.
Manage condition term types using logic with predefined elements/parameters
Create and maintain agreements
Perform agreement calculations
Execute approval workflows
Manage and track discount records
Use agreement and promotion insights in other Pricefx functionalities
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When your discounts are approved, a price record is created for each promotion agreement. They are displayed in the Price Records section:
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Mass Updates
The Using Agreements & Promotions functionality allows:
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enables default discount calculations to update agreement promotions with new changes
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, automatic discount input updates
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, mass submission of promotion agreements
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, promotion updates selection by user-defined generic filters (draft/approved)
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, and background job scheduling for mass processing via Calculation Flow.
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Where to Start with Promotions
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Pricefx offers predefined algorithm logic to perform any type of promotion agreement calculations. You just need to provide the following information:
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