Pricefx Named a Finalist for 2021 SAP® Pinnacle Award in the Partner of Year – Endorsed Apps Category
Pricefx Named a Finalist for 2021 SAP® Pinnacle Award in the Partner of Year – Endorsed Apps Category For the second year in a row, Pricefx is recognized for world-class technology innovation, customer success and market traction Pricefx, the global leader in cloud-native pricing software, today announced that it has been recognized by SAP as a finalist for a 2021 SAP® Pinnacle Award in the Partner of the Year – Endorsed Apps category. This award recognizes an SAP partner that has created a world-class SAP endorsed app that complements SAP technologies and has contributed a significant amount of value to...
Introducing Pricefx Plan, Price and Profit
Clarifying Our Offering and Doubling Down on Our Commitment Leonardo da Vinci believed that simplicity was the ultimate sophistication… and so do we. That’s why we’ve significantly simplified our commercial offering, letting the true advantages and benefits of being a Pricefx customer shine through of their own accord. We’ve sharpened our focus on the challenges you face every day and clarified how our solution can help you overcome them. So, What’s New? A Simplified Three-Package Offering Our new commercial model now clearly segments our offering into three stackable packages that empower you with agility, data–driven productivity and profitability at every...
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Why the Time For Cloud Technologies Is Now – ACCEL Report
Why the Time For Cloud Technologies Is Now – Accel Euroscape Report According to American venture capital firm Accel’s recently published report, 2020 Accel Euroscape: Decacorn Unleashed, software has been “eating the world for 30 years now,” but the acceleration we have seen in the past decade puts us in a new software era that Accel calls “the rise of the giants”. Accel has invested over $5B in more than 250 companies over the years and has increased its investments five-fold in the last five. Their report (written by Philippe Botteri, Varun Purandare and Candice du Freta) was published last week at the SaaStockEMEA and also unveiled the firm’s 2020 Accel Euroscape winners. “It’s been a very special year in many ways for the Cloud ecosystem globally and in Europe.” ...
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Pricefx Gold Winners – Gold Stevie® Award in Manufacturing
We’re Manufacturing Leaders – Gold Stevie® Award In 2020 International Business Awards® Pricefx has just been awarded the Gold Stevie® Award In 2020 International Business Awards® in the category of manufacturing solution. The award was determined by the average scores of judges comprising of executives from around the world. Out of the over 3800 submissions, we’re proud of the fact that experienced leaders view Pricefx’s solutions as a driver to help manufacturers leverage pricing opportunities within their organization, even in these extraordinary times. “Despite the unprecedented impact the COVID-19 pandemic has had on organizations and working people worldwide, the number and quality of nominations we received in this year’s International Business Awards attests to the continued outstanding performance of many organizations. The commitment we’ve seen through these nominations...
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Leading AI Solution – appliedAI Startup Landscape
AI Pricing Solution to Sell Faster Pricefx has just been named a startup leader in Germany by appliedAI in the category of Sales. appliedAI is Germany’s largest initiative for the application of AI technology with the vision to lift the whole country into the AI age. appliedAI was formed as a neutral and trustworthy initiative that acts both as a platform and service provider. We take our responsibility in the ecosystem seriously and aim to advance each and every partner to the next level of AI maturity. Listed among their first partners are BMW, Google, Infineon, Linde, NVIDIA and Siemens. ...
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PricefxPlasma
Introducing the Pricing Industry’s First Big Data Insights Machine: PricefxPlasma™ Powered by Bain & Company PricefxPlasma™ is our latest solution powered by global management consulting firm Bain & Company that provides industry-level benchmarking to B2B enterprise companies that need to develop strategic insights on their pricing processes and performance compared to similar companies. The only solution of its kind in the pricing world, PricefxPlasma gives customers a unique business advantage to improve their pricing strategy and execution. Users can leverage a pre-defined set of more than 20 market-relevant performance KPIs to reveal insights into industry pricing and to measure their pricing performance. Doing away with anecdotical evidence, generic and poorly defined benchmarks, and pure guesswork when it comes to assessing pricing in a marketplace context, PricefxPlasma is the only...
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Say “Hello” to Velo’s Co-Innovator, Brian Sharp
Peeking Behind the Curtain to Say Hello to Velo’s Co-innovator: Brian Sharp Velo is the industry’s first strategic negotiation solution specifically designed to help sellers maximize value on large-deal negotiations. Combining world-class software with a unique service offering, it derives its name from Pricefx’s ValueEstimator (VE) and LargeDealOptimizer (LO) modules, which have been paired with Profit Velocity’s methodology to create a unique offering to companies managing large and highly complex negotiations. An Asymmetrical Competitive Landscape and an Unmet Market Need For many B2B companies, more than 50% of their revenue comes from their top 5-10% of customers, making those...
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Pricefx – Proud Winner of the 2020 SaaS Awards
Pricefx Named Winner of the 2020 SaaS Awards in the Category Sales and Marketing The SaaS Awards has named Pricefx as the winner of the category Sales and Marketing. Pricefx was the only pricing software in any finalist category making us the only pricing software to win in any category. As Patrick Moorhead, Chief Marketing Officer of Pricefx, explains, “The sales and marketing software category is highly diverse, extremely crowded and includes large, established market leaders – which makes this win so incredible for our company. We are seeing pricing software become increasingly important in the current economic climate, as a strategic way...
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Vesper 6.0 Is Here: Say Hello to the New Face of Pricing
The Latest Product Release – Vesper 6.0 You may have heard us say it before: At Pricefx, we are passionate about pricing. It’s a beautiful curse. We can’t help obsessing over your pricing success. It’s why we spend so much time between versions drilling down into what really matters to you and how we can propel you to pricing superstardom. And that’s why we’re proud to reveal Vesper, the all-new Pricefx solution that is super streamlined, amazingly agile, and dangerously powerful. With its first-class functionality, you’ll be getting more done in less time and with better results than ever before. How did we arrive at the name Vesper? Well, it’s part of a tradition at Pricefx to name our releases after drinks that our colleagues vote on. At our All...
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Pricefx Raises $65 Million in Series C Funding Led By Apax Digital
Dear valued Customers, Partners, Friends and Pricefx Family, It is with great excitement and humble gratitude that I’m announcing the latest milestone in the growth of our incredible company, a $65m Series C investment from our new partners at APAX Digital, supported by our existing investors Digital+ Partners. Given what I remember thinking and feeling in the early days of starting the company, it’s hard to believe where we are today and that we were able to raise $130m of venture capital to date. Founding Pricefx just shy of 10 years ago, I perhaps dreamed that one day our great company would grow to become large and strong enough to achieve a moment such as this,...
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Ventana Names Pricefx a Finalist in 13th Digital Innovation Awards
Innovation in the Sales Department with Pricefx Pricefx has just been named a finalist in Ventana’s 13th Annual Digital Innovation Awards in the category of Office of Sales. In order to be a finalist in this category, candidates must, “exemplif[y] innovation in the application or technologies that support the sales organization”. We believe that our dedication to innovation and providing the very best in cutting edge solutions to the market are just some of the reasons we have received this honor. Here are just three of the most recent innovations that we have invested in to make pricing faster and simpler. ...
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Collins Brings Pricefx’s Best Features to Unity and Takes Email to New Heights
Collins Brings Pricefx’s Best Features to Unity and Takes Email to New Heights Pricefx is already the industry-leading price optimization, management and realization software. Still, it’s about to get a whole lot better with the release of Collins, the latest version of the cloud-native pricing platform. With “about 80% of the improvements in Collins directly resulting from customer feedback”, according to Lukas Sirucek, the Product and Software Manager behind this landmark release, we take a close look at what Collins has instore for users of Pricefx, both new and old. Collins, the latest release from Pricefx, sees all of the awesome functionality from earlier versions of the pricing software, as...
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Optimized Dynamic Pricing by Pricefx Now an SAP Endorsed App
Optimized Dynamic B2B and B2C Pricing by Pricefx, Now a SAP Endorsed App This solution – offering a fast, flexible way to optimize pricing and increase revenue – is now available on SAP® App Center Pricefx, the global leader in native cloud pricing software, today announced that its Optimized Dynamic Pricing (ODP) solution is now an SAP endorsed app, available for online purchase on SAP® App Center. SAP Endorsed Apps are a new category of solutions from SAP’s partner ecosystem to help customers become best-run, intelligent enterprises. Endorsed apps are meant to deliver value with desired outcomes. “In the current...
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Pricefx Extends Its AI Capabilities with Brennus Analytics
How Pricefx Will Extend Its AI Capabilities with Brennus Analytics I’m quite sure that if you’d ask founders what drove them to start a new business, you’d get many different answers. The same would apply to the question about the rewards, which made it worthwhile. For me, the biggest rewards are the experiences made during the process and the beauty of walking the new path, making bold strategic decisions in collaboration with the most professional and amazing team imaginable. This announcement is one of those moments, which I surely will remember and often reflect on. Today we’re announcing our acquisition of Brennus Analytics, an...
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Pricefx Recognized for its Exceptional Contribution and Commitment to the SAP Ecosystem
Pricefx, the global leader in cloud pricing software, today announced it was named a 2020 SAP® Pinnacle Award finalist for SAP App Center Partner of the Year. The annual SAP Pinnacle Awards acknowledge the contributions of leading SAP partners that have excelled in developing and growing their partnership with SAP and helping customers meet their goals. Finalists and winners in 34 categories were chosen based on recommendations from the SAP field, customer feedback and performance indicators. Pricefx applications Optimized Dynamic Pricing, Optimized Promotions & Rebates and Optimized Algorithmic Pricing are available on SAP App Center, the digital marketplace for SAP...
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How Pricefx Can Enhance Growth Opportunities in the Manufacturing Industry
CMO, Patrick Moorhead sat down with Lewis Weiss and Tim Grady of Manufacturing Talk Radio. Mfg. Talk Radio is a weekly talk show where guests ranging from government officials to leaders in a wide range of topics are invited to speak on significant areas of interest affecting the manufacturing industry today. You can listen to Patrick’s conversation with hosts, Weiss and Grady, as they discuss how to unlock the value of PriceOptimizer, PriceManager, & QuoteConfigurator in the manufacturing industry. Then, Patrick outlines how we helped John Crane, a leading provider in engineered technology, to achieve a 163,000% gain in efficiency....
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Why Joe Golemba is Excited to Launch Advantage Pricefx and the New Partner Portal
Find Out About Advantage Pricefx and Our New Partner Portal As Pricefx gears up for the launch of its partner program, Advantage Pricefx, Joe Golemba, the company’s new VP of Global Ecosystems and Partners, cannot wait to see the program officially launch. I sat down with Joe, who joined Pricefx late last year, to find out about the new leader of the ecosystem team to give partners and customers alike a chance to learn more about the man that is tasked with using ecosystems to disrupt the pricing space. The Journey to Leader of Pricefx’ Ecosystem Organization ...
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2020 Overall Pricing Effectiveness: The New OEE
Overall Equipment Effectiveness (OEE) is the practice of assessing the availability, performance and quality output of machines within your manufacturing process. This allows a business to effectively measure and predict potential losses and to establish a system for mitigating them. OEE is a well-established practice used by many businesses, often to great effect. However, there is a method that is proving even more effective than OEE. Overall Pricing Effectiveness, or OPE for short, is a way of looking at fully optimizing a manufacturing enterprise in order to optimize margins. Improving variable costs often leads to an <8% increase in profitability. But by improving...
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A Look Back at 2019 – Recognition, Expansion, Evolution
Looking Back at The Road So Far For Pricefx in 2019 Pricefx was built on the principle of making pricing software that gives customers a powerful pricing engine that can help them to achieve their goals. A technology that is accessible and not weighed down by clunky technology. Let’s take a look back at 2019 to see how nine years later, we are continuing to deliver on that promise to over 100 customers across 37 countries. January We hosted our 8th Annual All Hands meeting in Prague, the home of our Competence Center. Pricefx-ers from all around the world met to plan and align on goals for the upcoming year. Because of our remote working policies and rapid growth, the All Hands presents an opportunity for us...
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Pricing Excellence Starts in Academia and is Realized in Business
Pricing Excellence is Found at the Intersection of Business and Academia Pricing is the process of setting the value of a product. It sounds incredibly simple, doesn’t it? The reality is, however, that it is a complex task and, therefore, needs a competent and skilled professional to oversee it. Good pricing strategies often require many years of experience in marketing, economics and finance. Any company could just apply reasonable prices to their products based on guesswork. But that is a fast way to lose profits, customers or both. Therefore, Pricefx is proud to be sponsoring an event at the University of Rochester, for the...
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Pricefx Brings Home Gold Enterprise Product of the Year – Best in Biz Awards
Pricefx Wins Gold in Best in Biz Award for Enterprise Product of the Year – Sales Software Pricefx has been named a gold winner in Enterprise Product of the Year – Sales Software in the Best in Biz Awards, the only independent business awards program judged by prominent editors and reporters from top-tier publications in North America. With more than 700 entries, the 9th annual program attracted a record number of entries from an impressive array of public and private companies of all sizes and spanning all geographic regions and industries in the U.S. and Canada. Each year, winners in Best in Biz Awards are determined...
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Smarter, Faster and More Customizable Unity Is About to Change the Way Users Interact with Pricefx
Every day, employees of almost 100 different companies, situated in 37 countries around the world, log into Pricefx to find strategic solutions to their pricing problems. From November 3, 2019, users will be able to locate these solutions more quickly, efficiently, and intuitively thanks to the launch of Manhattan release, Pricefx’s first substantial update since Bramble release. The Manhattan release ushers in a raft of changes that significantly improves the working lives of Pricefx end-users. Improvements have been made across the board to Pricefx Core, Classic UI, and, notably, Unity UI, Pricefx’s most recent, touch-ready user interface. Updates to Pricefx Core and Classic UI come into effect first,...
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Pricefx Reaches Settlement in Intellectual Property Lawsuit
It is with a tremendous sense of relief and excitement that I’m sharing news today of reaching a final and definitive conclusion to our legal dispute of the past several years. This journey began in 2017, and has weighed heavily on our company, and on me personally. You can read our full statement here. With the achievement of this resolution, we can confidently state: Pricefx is the undisputed owner of all of its software and intellectual property and Pricefx’s products and services do not infringe on any intellectual property rights – our code and our solutions are 100% ours. This settlement permanently concludes all matters of conflict at...
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Our New Chicago Office Is Turning Heads!
When we moved into our new office space in Chicago, we were pretty impressed by its light, modern, funky and friendly look and feel. Its airy design is perfect for being at the cutting edge of the pricing stratosphere. But in a city that is famed for its sleek and innovative architecture, imagine our delight when our workplace was selected by builtinchicago.org as one of Chicago’s six freshest and most vibrant new working environments designed to inspire. High praise, indeed! Mixing Art with High Tech In a modern office, the technology can be, dare I say it, a little overbearing. But in our Chicago office, even...
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Pricefx Only Pricing Software to be Named Product of the Year – Sammy
Pricefx just won the prestigious Sales and Marketing Technology award (SAMMY) from the Business Intelligence Group (BIG) in the category of Product of the Year. There are a lot of awards and honors out there but not many are crowd sourced. This means that applicants are judged by a panel of experienced professionals in their respective fields. Simply put, they know what works for them and would probably have a very good idea of what could work for you. After all, if you’re going to put resources towards a solution, you want to make sure that it’s been vetted by...
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Accelerate is Coming to Chicago – Here’s What to Expect – 2019
Looking for a pricing leadership and customer event that is equal parts exciting, educational and inspirational? Well, look no further than Accelerate. After an amazing passion and adrenaline-filled event for the European pricing community, Accelerate – our premier event for pricing professionals is making its way back to Chicago. It’s an event not to be missed. Those who attend can expect excellent speakers and presentations from experts with decades of experience and have seen every pricing situation under the sun. Of course, an Accelerate event would not be complete without opportunities to mingle and enjoy the city where the event takes...
Pricefx Grows in Another Record Breaking Quarter
Patrick Adams, Chief Revenue Officer, at Pricefx has many reasons to smile. As the CRO and one of the many key players in the company’s growth, when he joined in 2016, Patrick has been able to lead the sales team from record-breaking quarter to record-breaking quarter. And Q2 of 2019 has been no exception when Pricefx closed strong and delivered 134% year-over-year growth. When Patrick started at Pricefx he was pleasantly surprised to learn of the breadth of capabilities that Pricefx had in the platform even at that time – that it offered an enterprise-class pricing solution which captured...
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Pricefx Evolves to Enterprise Grade Platform
Our brand is evolving and so is our platform. IntegrationManager is now built into the PFX Platform, unlocking the true connected power of our full range of solutions without needing a stand alone module! This means users can now harness the full power of Pricefx at a lower total cost of ownership and with even faster time-to-value. IntegrationManager is now PFX Platform. Yes, you read that right, our long-standing integration solution transformed to an enterprise grade Platform for seamless integration capabilities across the entire Pricefx solutions suite. You still get the same great functionality and connectivity between all of our...
Announcing Bramble 3.7 – Manage Your Distributor’s Claims with Ease
Are you looking forward to the summer season? Then join us in a toast to pricing with a refreshing summer drink – Bramble. Bramble is a mixture of gin, simple syrup, fresh lemon juice, creme de mure and crushed ice. Sound tasty? Then raise your glass to toast our new release – 3.7 Bramble – arriving on June 23, 2019. Here’s a first look at the release highlights. ChannelManager – This new module helps you handle special discount agreements between your distributors and their customers. The module processes an Excel file with transactional data you receive from your distributor, validates...
Pricefx Adds New Marketing Chief after Accomplishing the Most Successful Year in its History
Patrick Moorhead joins as Chief Marketing Officer from big data startup Label Insight to help the company continue its strong growth, following its doubling in size for three consecutive years. The appointment follows a hugely successful 2018 for Pricefx which included the completion of its second financing round with strategic investment from Digital+ Partners and Bain & Company. In 2018, Pricefx was awarded “Cool Vendor of Digital Commerce” by Gartner®, selected as pricing technology provider to Bain & Company’s “Pricing Navigator” offering and certified as an SAP® AppCenter partner. MUNICH / CHICAGO – February 12, 2019 Pricefx, the global leader...