AI Price Solutions

Artificial intelligence enables AI price solutions to deliver dynamic pricing, as they track and analyze purchase history, customer buying habits, external factors and more.  With an AI price solution, you can quickly deliver prices that are more competitive.

B2B enterprises are discovering how difficult, if not impossible, it is to keep up with the speed of digital commerce.  Customers want immediate pricing, no matter where or when; market dynamics may shift in an instant.  Manual pricing processes are simply unable to optimize your commercial edge.

In the broadest sense? AI refers to the simulation of human intelligence in machines that can “think” like humans and emulate our actions.

For our purposes, machine learning is the type of AI that holds the most present-day promise for price management.  An AI price solution using machine learning automatically learns from accessing and analyzing data sources–like historical transactional data–and quickly optimizes pricing recommendations without needing to be reprogrammed.

By drawing on a company’s existing data and by incorporating new data as it comes in, an AI price solution will maximize the speed and accuracy of your pricing and selling efforts.

Vendavo solutions incorporate fully embedded AI for leading-edge performance. For instance: Vendavo’s Deal Price Optimizer lets you calculate optimized pricing guidance thanks to a patented Power & Risk™ algorithm that uses your historical transactional data.  The result?  You quickly present customers with optimized prices that maximize margin and minimize the risk of losing them during negotiations.  Our Deal Price Guidance solution delivers deal-specific pricing guidance directly to your CRM and quotation workflow, while continuously optimizing deal win rates, enterprise profitability targets, and the overall customer experience.