Caribou Lou Overview
- Ioana Kocurova
Caribou Lou 14.0, the new release coming up on January 26th, 2025, features AI-driven functionalities that enhance pricing strategies and decision-making processes aiming to foster more proactive, efficient, and data-driven pricing strategy by employing AI, improving integration, and streamlining data management. In Caribou Lou 14.0 you can identify risks, detect opportunities, and implement corrective actions related to pricing strategies, sales, and customer relationships through timely insights and recommendations, aiding in decision-making and enhancing overall operational efficiency across the pricing lifecycle.
Check out the Caribou Lou 14.0 factsheet here.
IMPORTANT: After the release, all Pricefx customers will be required to use either Rampur 13.x (ie. the N release) or Clover Club 12.x (ie. the N-1 release) as per Pricefx's release policy. For more information, you can visit the Pricefx release policy here.
Pricefx Copilot
Leverage conversational chat-like experience to obtain intelligent pricing insights, actionable recommendations and prioritized actions.
AI Optimization - Forecasting
Get revenue and volume/quantity forecast for your assumed pricing steps and assess various options for the final decision.
Import Manager
Add, update and export data in Pricefx, including validation, as the excel-client alternative. New way to manage data.
Visual Configuration Enhancements in Caribou Lou 14.0
Design reusable components / block structures in price strategies or formulas in Strategy Designer and Formula Designer.
Price Setting Types in Caribou Lou 14.0
Set generic defaults for how Price Lists or Live Price Grids are created (logics, field mapping, view preferences, and more)
Rebates by ENABLE
Utilize productized integration with Rebates solution by Enable to easily model any rebate deal and take control of its business impact.
In terms of platform support, Pricefx maintains its commitment to supporting the two most recent releases. Currently supporting Clover Club 12.x and Rampur 13.x, the support structure will shift to encompass Caribou Lou 14.x and Rampur 13.x upon the new release. As a result, customers currently utilizing Clover Club 12 are strongly encouraged to plan their migration to Rampur 13.
Level of Effort Needed for Implementation
Implementation requirements vary significantly across these new features. Price Setting Types and Import Manager can be implemented with minimal effort, while Pricefx Copilot requires medium deployment effort. The Revenue Forecast, Rebates by Enable, and Visual Configuration features demand more substantial implementation resources.