This implementation approach is ideal for customers who need a quick, reliable solution with mature functionalities, rather than those who require highly customized systems. It balances speed, cost, and functionality effectively.

The combination of accelerators and customer configuration aims to:

• Improve Time-to-Value: Rapidly deliver value to customers.

• Lower Total Cost of Ownership: Reduce the overall costs associated with owning and operating the system.

• Prioritize Speed and Pre-Tested Functionality: Focus on quick deployment and reliable, tested features over extensive customization.

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Detailed Breakdown of Accelerators

This approach is ideal for customers who need a quick, reliable solution with mature functionalities, rather than those who require highly customized systems. It balances speed, cost, and functionality effectively. It is comprised of these components:

Sales Insights Accelerator

The Pricefx Sales Insights Accelerator is a pre-configured extension of the Pricefx platform that can seamlessly integrate to offer sales teams actionable insights and analytics for optimizing their sales strategies and performance. This accelerator harnesses the power of data analytics, machine learning, and artificial intelligence to analyze sales data, customer behavior, and market trends, delivering valuable insights that empower sales teams to make informed decisions and propel sales growth.

Customer Insights Accelerator

The Pricefx Customer Insights Accelerator, a pre-configured solution offered by Pricefx, provides customers with valuable data insights. Its primary objective is to assist businesses in effectively analyzing customer data by emphasizing insights into customer behavior and preferences. This tool is specifically crafted to help businesses pinpoint opportunities for profit growth through the analysis of customer data and product details using specialized dashboards, facilitating informed decision-making based on customer insights.

Price Setting Package

The Price Setting package is a module within the Pricefx platform that supports the definition and management of price policies, guidelines, and simulations. It provides a framework for setting and managing prices, including calculation and optimization of prices, and approval workflows.

The package is designed to help organizations manage price-related data, configure pricing rules, and automate price calculations. It includes features like price calculation and simulation, algorithmic optimization of prices, rule-based or manual approval of price calculation results, and support for multiple pricing logics and configurations.

The Price Setting package is a key component of the Pricefx platform, enabling organizations to establish a unified price management system that supports their business strategies and goals

Rebate Management Accelerator

The Rebate Manager Accelerator, a pre-configured solution offered by Pricefx, offers enhanced control in defining, maintaining, calculating, and approving rebate agreements within a centralized platform. This Accelerator enables users to define and approve rebate agreements, manage rebate records, enhance transactional data across the entire pricing structure, and determine rebate amounts accurately.

Moreover, it features over 20 predefined rebate types, an approval workflow for agreements and rebate records/payout values, customizable agreement output templates, and the capability to enrich sales/transactional data in the Analytics module with rebate values.

Negotiation Guidance

The Negotiation Guidance Accelerator is one of the pre-built solutions from Pricefx that aims to assist in making pricing decisions by comparing current pricing situations with similar past scenarios. It leverages segmentation to provide a richer comparison set and align with the pricing strategy, enabling exploration of more possibilities and avoidance of sticking with suboptimal past pricing.

This accelerator provides recommendations for floor, target, and ceiling prices for specific customer and product combinations, along with a related negotiation band. The guidance is based on the segmentation of products and customers, utilizing historical data to identify key attributes and create segments for pricing differentiation.

Ultimately, this optimization process allows for an understanding of the predicted overall profit and revenue impact, showcasing the incremental value of using recommended optimized prices during negotiations.

Shelf Price Optimization

The Shelf Price Optimization Accelerator is a powerful tool designed to help B2C companies maximize their revenue and profit by optimizing shelf prices. This accelerator takes into account various factors like price limits, sales channel alignment, and stock coverage expectations to determine the best pricing strategy. It uses a combination of a robust elasticity model and a standardized waterfall structure to crunch the numbers and come up with optimized shelf prices for each product, store, and time period.

Optimized prices are accessed through the Pricefx interface or can be pulled into other systems using APIs. Afferent dashboards allow for visualisation and assessment of the results. It is worth mentioning that it is necessary to carefully manage time periods correctly to display accurate data, and it will not work for products with no sales history. For custom features some coding may be required.

Detailed Breakdown of Customer Configuration

When the Pricefx Accelerators are used they serve as the core of the implemented pricing solution and this will our implementation teams with a well-understood landscape upon which to begin their configuration to the needs of the customer.

These development specific components include the following:

Visual Configuration

Settings and Parameters

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