LEARN MORE: Discover more information on Plasma, here.
Introduction
Plasma is a big data pricing insights machine, constantly growing – combining a massive amount of anonymized transaction and quoting data from more than ten major industries, sliced and segmented by region, product type, and other relevant factors.
The data is then compiled into a set of 25 pricing performance benchmarks, delivered in intuitive visual outputs – designed to answer the most important pricing analytics questions, starting with: how good is your pricing?
LEARN MORE: Pricefx Plasma quick walkthrough. Watch the video to know more.
The only solution of its kind in the pricing world, PricefxPlasma gives customers a unique business advantage to improve their pricing strategy and execution. It offers customers access to reliable quantitative benchmarks so they can objectively measure and compare their performance. It also enables them to identify market trends and to improve decision-making on their future strategy, ambition, and direction of growth.
KPIs
KPIs currently measured in PricefxPlasma include:
End-to-end price waterfall | Detailed price buildup, including on- and off-invoice discounts, cost elements, geographical prices, list prices and margin elements. |
Deal approval process | Deal velocity, percentage of deals outside discount guidelines, number of steps in approval process. |
Price Setting | List prices increases captured in realized price, number of list price changes per year. |
Measures of customer and product concentration | Percentage of customers/products to reach revenue deciles. |
Pricefx continues to roll out new KPIs to benchmark against.
Once the PricefxPlasma accelerator has been deployed, Pricefx then gathers, anonymizes and aggregates the data into standardized metrics, and loads them into the PricefxPlasma platform.
Now let’t talk confidentiality and data security.