User can have their own portal or dashboard for all their activity and alerts within the system
An easy to use workbench for the pricer
System alerts user to variety of events including product changes, cost changes, KPI changes, etc.
The user is always aware of everything that’s important to their role in pricing
Rich Product Master Data
Rich product master data available in the system like product images, videos, documentation, and of course attributes.
The user can easily find the information they need for pricing decisions all in one place
Target List Pricing
System suggests target pricing for new and existing products based on configurable rules / strategies that leverage both internal (e.g. costs, product attributes) and external (e.g. competitive prices, customer perceived value) data.
System makes life easier for pricers and removes the chance for pricing errors by enforcing the right pricing strategies.
Price List Propagation
Once list prices are set, all related, cascading price points (e.g. local list prices, bundle prices, etc.) are calculated automatically
Generating all the various price points in your waterfall is easy and automated.
Full Audit Trail Capability
System tracks who makes what changes when to provide full audit-ability of the system
Regulatory and compliance requirements are satisfied
Price List Publishing
System can publish price lists into various forms like Excel and PDF
Easy to generate necessary price publications and share pricing internally as needed.
The user can simulate changes to pricing to estimate impact of various actions
Understand the impact of various scenarios so I can make the best decision possible
Personalization of Tables
User can customize the tables of data in their UI to bring in the various fields, attributes, and data the need to see
Everything the pricer needs is all in one place
Customizable Inline Analytics
The user can see data visualizations of the data they’ve selected in their scenarios (target list prices, costs, transaction history data, competitive prices, etc.)
It’s easy for the pricer to see all the most important information so they can make the right decisions for their prices
Hierarchical Rule-based Price Setting
User can set multiple pricing strategies in a drag-and-drop hierarchy such that system will use the most desirable method and move to the next most desirable method if needed based on the rules and conditions
The pricer can simple setup the hiearcy or sequence of pricing methods/rules, and let the system manage from there, enabling dynamic pricing
User can export data tables to Excel and import as well
Getting data out or in to PricePoint is easy and convenient
Filter And Search
User can filter and search for data of any kind to find the products or data they need
Makes managing pricing across hundreds of thousands of SKUs much easier
Organization Entitlements for Price Setting
User can manage pricing rules at corporate/HQ level, or can empower regional/local pricing managers to manage some or all of those rules as well.
One system can manage pricing for the entire organization, even if they manage pricing at different levels of the organization.
Recommended Regional / Local List Prices
User can manage regional / local market adjusters to suggest pricing for subsidiaries or regions/countries.
Pricers can make sure prices at the regional or local level retain the appropriate relationships and structures to reflect market conditions and avoid grey market issues
Automate Global-to-Local List Price Setting
Users can set local/regional list prices to be auto-set based on global list prices (or not)
Price maintenance / updates can be automated partially or fully so that pricing is always up-to-date and it’s easy to adminster
Create customer groups and segments
User can create customer groups / clusters / segments based on user-defined attributes such as industry, customer size, etc. These groups can be used for setting policies and/or discounts, etc.
It’s simple to setup complicated groupings of customers for price/discount policies and values.
Deal Price Guidance
User can set deal price guidance levels (Start, Target, Floor levels) for sales users in CRM or CPQ tools
Pricing can easily set guidance levels for sales to use when quoting / negotiating pricing with their customers
On-invoice Condition Management
Users can set a condition sequence so they can manage on-invoice pricing conditions for products and customers
Enables the organization to simulate or actually price the full waterfall from list price to net price
Full End-to-End Price Waterfall Simulation
Users can simulate price changes to any level of the waterfall and see the simulated impact across the whole waterfall
Pricers can see the full / holistic impact of potential pricing decisions
Price Change Scenario Analysis
Users can create and save multiple scenarios to assess / simulate potential pricing actions, so they can then compare different scenarios
Pricers can make the best decision possible
Off-invoice Condition Management
Users can setup off-invoice programs (rebates, bonuses, etc.)
Programs are easily deployed and consistantly applied to the correct situations.
Users can build customizable dashboards and reports (“visual analytics”)
Users can visualize performance on a variety of levels easily
Sharing and Collaboration
Users can share access to dashboards as well as automate report generation for sharing or distribution
PricePoint makes it easy to share insights and analyses
The management of external indexes and related properties to edit, import, and create index values.
Central management of index values for the recalculation of the price according to agreed conditions/indexes.
Manage, edit, and control of a central pricing formula library, including formula administration, central formula library, formula editor.
Central management of formulas including pre-approved ranges where variables in the formula can be managed and made available on a deal appropriate basis.
Create and maintain formulas and edit variable values, validity dates, recalculation frequency, price protection, etc.
Execute and allocate formula for the specific item/customer combination.
Coordinated price list management
Maintain parallel price lists with coordinated business rules or independent business rules.
Now price lists can be executed using dynamic pricing, potentially resulting in millions of price changes every day or in a management process. Example: customer X gets gold list price for product family A, but bronze list price for product family B.
Dynamic Price List Management
Maintain multiple price lists with the same set of rules and same price order across multiple tiered price lists, but different input parameter/rules across the tiers.
Drive price lists’ changes with a variety of input parameters and rules.
Customer to Price List Allocation
Assign a customer to a specific price list. Allows for hierarchy of rules that distinguishes for bronze, silver, or gold for customers.
Now the pricing teams can be running promotions that allows them to pick the best price for each customer. Enables exception on any dimension (i.e. product groups, items etc.).
Sales Data Aggregation on Percentiles
Store up to 5 percentile values based on the transactional sales data.
These price points can be used as guidance, as a value driver in price rules or in reporting.