Deal Price Optimizer
Realize greater profitability, gain a competitive edge, and win more deals
Quickly react to market changes by competitively offering goods and services
Enhance pricing guidance with your deep business expertise
Optimize pricing based on scientific precision and patented algorithms
Your organization needs better reliability for winning the deals your sellers are driving. With in-depth segmentation, analysis that covers multiple dimensions, and the ability to enhance algorithms with your business expertise, you’ll be able to provide sales with precise pricing guidance based on your customers‘ willingness-to-pay.
Success with Deal Price Optimizer
“Vendavo provides a great technology foundation that scales very well for our customers and for our needs. Vendavo has allowed us to give our customers accurate pricing at a national scale.”
Director of Business Solutions at ABC Supply
“We’ve seen huge improvements in our margin delivery. For a $60 billion company, 100-plus basis points of margin is a lot of money.”
Executive Director at Dell
“A comprehensive pricing platform, Vendavo is focused on creating an integrated, automated (ML/AI), and comprehensive pricing platform for B2B industries with products focused on key pricing use cases (optimization, management, sales guidance, CPQ, price/profit analytics).”
IDC
1.5%
Established efficient price increases
2.3%
Automated, optimized workflows
5.0%
Established optimized target prices
How Does Deal Price Optimizer Help Your Team?
Related Thoughts/ Resources
FAQ
Price optimization software enables companies to determine the best possible prices for their products or services using highly detailed quantitative analysis.
Calculations take a range of factors into account, from market conditions and competitor research to ongoing promotions and negotiations. The company’s own targets and future expansion plans may also play a role in determining the optimal prices for its products.
Price guidance gives you the opportunity to raise your prices, limit options, offer tiered pricing, move away from transactional pricing, and stay ahead of the competition with intelligent pricing models.
In the past, price optimization would always have been done manually. And while it’s still possible to manage prices this way, it’s far from the best solution for most companies.
Manual price optimization leaves a company open to a range of problems, which can significantly hamper optimization efforts. These include the risks of human error and the time constraints that those managing price optimization manually will inevitably be under.
Complex price optimization algorithms can analyze huge amounts of data and make decisions based on that data at speeds that would be impossible for a human. As a result, software offers a far more efficient option for companies looking for a reliable and effective optimization solution.
Software used to manage price optimization relies on the power of data. The intelligent software analyzes a large range of different metrics, which will have been hand-picked to provide a company with the most accurate calculations for its specific pricing requirements.
Metrics are continuously monitored by pricing optimization software, with all analyses available for team members to explore in real-time. The software uses these figures to determine the best possible pricing at any given time.
Often discounts are considered as a total instead of their individual parts which impacts sales cycles. Simply, total discounts are made up of negotiated discounts and volume discounts. By isolating volume discounts, better segmentation allows sales teams to have more negotiating power and can be more aligned with their customer’s willingness to pay.