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PricefxPlasma

January 28th, 2021 (Updated 05/26/2021)

Pricefx

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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Embracing Pandemic-Driven Change in Business

January 12th, 2021 (Updated 03/23/2021)

Tolu Oke
Content Marketer at Pricefx

Pricefx 2021: Embracing Pandemic-Driven Change  2020 was a challenging year, to say the least, with a global pandemic and mandatory work-from-home initiatives impacting virtually every business across every industry.  In spite of the difficulties, thanks to the company’s focus on attaining new funding, expanding global market leadership and accelerating product innovation, Pricefx grew its year-over-year subscription revenue by 44%.  Our commitment to product innovation kicked off with the release of Lightning, our turnkey solution that delivers pricing analytics, management and CPQ realization tools able to go live in just six weeks.  Our acquirement of Brennus Analytics brought additional advanced AI technology and a team of AI professionals into our mix, leading to the launch of our ground-breaking Vesper release and the Unity UI – PriceOptimizer AI.  We partnered with Bain & Company to launch three price accelerators to assist Bain customers with discounting, pricing leakage...

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FYI | Realize

Say “Hello” to Velo’s Co-Innovator, Brian Sharp

December 16th, 2020 (Updated 06/24/2021)

Matt Dawood
Partner Marketing Manager at Pricefx

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 customers...

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FYI | Solutions

Vesper 6.0 Is Here: Say Hello to the New Face of Pricing

December 2nd, 2020 (Updated 03/24/2021)

Lukas Sirucek
Product Manager at Pricefx

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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FYI | Fast

Pricefx Raises $65 Million in Series C Funding Led By Apax Digital

July 14th, 2020 (Updated 03/24/2021)

Marcin Cichon
CEO and Co-founder at Pricefx

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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Customer Voices:
Pricefx Maintains Leadership Position in G2 Summer Reports

July 23rd, 2020 (Updated 03/24/2021)

Pricefx

G2 Summer Report Highlights – Pricefx Becomes a Leader in CPQ, and Continues Leading the Pricing Category G2, formerly G2 Crowd, is the trusted peer-to-peer review site for software. Over 1 million people have left reviews that help users, like you, to make the best purchasing decisions for their companies. G2’s Summer Report shows Pricefx to be a leader in the pricing category and a clear momentum leader. Users leave reviews and satisfaction scores in the categories – ease of use, implementation, quality of support and more. This is then used to give an unbiased and fair assessment of how well vendor software fits the needs of the buyer.  2020 Summer Highlights – Pricing Software  Pricefx is once again in the top 25% of pricing software and a...

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Customer Voices:
Pricefx the Leading Pricing Software in G2 2020 Fall Reports

October 1st, 2020 (Updated 03/24/2021)

Pricefx

G2 Fall Report Highlights – Pricefx an Enterprise Leader G2 is the trusted peer-to-peer review site for software. Over 1 million people have left reviews that help users, like you, to make the best purchasing decisions for their companies. G2’s Summer Report shows Pricefx to be a leader in the pricing category and a clear momentum leader. Users leave reviews and satisfaction scores in the categories – ease of use, implementation, quality of support and more. This is then used to give an unbiased and fair assessment of how well vendor software fits the needs of the buyer.  2020 Fall Highlights – Pricing Software  Pricefx is once again in the top 25% of pricing software and a clear leader for the third consecutive quarter in 2020. In addition...

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FYI

Why AI Based Dynamic Pricing Solutions for Food & Beverage – Maintaining Profitable Growth in Volatile Market Conditions

June 15th, 2020 (Updated 03/24/2021)

Denken Solutions
Pricing Expert at Denken Solutions

Why AI Based Dynamic Pricing Solutions for Food & Beverage Maintaining Profitable Growth in Volatile Market Conditions Pre-COVID-19 food and beverage manufacturers routinely faced steep challenges managing customer and product profitability exposing problematic reliance on static pricing strategies and practices, further exacerbated by siloed systems that independently manage critical cost components of the price waterfall. These systems lack data intelligence and the ability to respond in real-time to changing market conditions. During COVID-19 many manufacturers are experiencing dramatic shifts in demand to retail products while others are seeing forecasts for away from home or ingredient products plummet. Both situations complicate...

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Optimized Dynamic Pricing by Pricefx Now an SAP Endorsed App

June 3rd, 2020 (Updated 03/24/2021)

Pricefx

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

May 7th, 2020 (Updated 03/24/2021)

Marcin Cichon
CEO and Co-founder at Pricefx

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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FYI

Pricefx Recognized for its Exceptional Contribution and Commitment to the SAP Ecosystem

April 23rd, 2020 (Updated 03/24/2021)

Pricefx

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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Customer Voices:Pricefx an Enterprise High Performer in G2 2021 Winter Reports

January 21st, 2021 (Updated 03/24/2021)

Pricefx

G2 Winter Report Highlights – Pricefx an Enterprise High Performer G2 is the trusted peer-to-peer review site for software. Over 1 million people have left reviews that help users, like you, to make the best purchasing decisions for their companies. G2’s Winter Report shows Pricefx to be a leader in the pricing category and a clear momentum leader. Users leave reviews and satisfaction scores in the categories – ease of use, implementation, quality of support and more.  This is then used to give an unbiased and fair assessment of how well vendor software fits the needs of the buyer. 2021 Winter Highlights – Pricing Software Pricefx stands out with its market-defining characteristic of being able to provide enterprise-grade services...

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FYI

How Pricefx Can Enhance Growth Opportunities in the Manufacturing Industry

February 24th, 2020 (Updated 03/24/2021)

Pricefx

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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FYI

Why Joe Golemba is Excited to Launch Advantage Pricefx and the New Partner Portal

February 19th, 2020 (Updated 03/24/2021)

Pricefx

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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FYI

Overall Pricing Effectiveness Takes Lessons from Overall Equipment Effectiveness 

January 31st, 2020 (Updated 03/24/2021)

Pricefx

Overall Pricing Effectiveness Takes Lessons from Overall Equipment Effectiveness  Overall Equipment Effectiveness (OEE) is a quality systems management tool. It enables manufacturers to assess the effectiveness of a plant. By looking at equipment availability, performance and quality output, a manufacturer can identify major losses, create road maps to problems and enhance capacity.  While overall equipment effectiveness has proved highly effective in many industries, there is an even better option. Overall pricing effectiveness (OPE) uses OEE as a base layer and improves upon it. By assessing insight, management, and realization, companies are using OPE through Pricefx to fully optimize for profitability.  At its best, OPE...

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FYI

2020 Overall Pricing Effectiveness: The New OEE

January 31st, 2020 (Updated 03/24/2021)

Pricefx

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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FYI

A Look Back at 2019 – Recognition, Expansion, Evolution

January 30th, 2020 (Updated 03/24/2021)

Tolu Oke
Content Marketer at Pricefx

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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FYI

Pricing Excellence Starts in Academia and is Realized in Business

January 22nd, 2020 (Updated 03/24/2021)

Duncan Hendy

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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FYI

Pricefx Brings Home Gold Enterprise Product of the Year – Best in Biz Awards

December 6th, 2019 (Updated 03/24/2021)

Pricefx

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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FYI

Smarter, Faster and More Customizable Unity Is About to Change the Way Users Interact with Pricefx 

November 20th, 2019 (Updated 03/24/2021)

News&Blog
Admin at 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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FYI

Pricefx Reaches Settlement in Intellectual Property Lawsuit

September 26th, 2019 (Updated 03/24/2021)

Marcin Cichon
CEO and Co-founder at Pricefx

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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FYI

Our New Chicago Office Is Turning Heads!

September 17th, 2019 (Updated 03/23/2021)

Duncan Hendy

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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FYI

Pricefx Only Pricing Software to be Named Product of the Year – Sammy

July 27th, 2021 (Updated 07/28/2021)

Pricefx

Pricefx Product of the Year 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...

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FYI

Accelerate is Coming to Chicago – Here’s What to Expect – 2019

August 12th, 2019 (Updated 03/24/2021)

Pricefx

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...

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FYI

Pricefx Evolves to Enterprise Grade Platform

May 19th, 2019 (Updated 03/24/2021)

Pricefx

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...

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FYI

Pricefx Is Proud to Be an SAP Gold Partner

September 25th, 2019 (Updated 03/24/2021)

Pricefx

Pricefx is a gold-level partner in the SAP® PartnerEdge® Build program, indicating its standing as a highly valued partner for price optimization solutions in the SAP App Center. We are the first ISV to reach this level for Build, which demonstrates the strong demand for innovative cloud-based pricing solutions. Read more about our SAP Gold Partner Status here. With Pricefx closing the most total SAP App Center transactions of any SAP partner, we have opportunities spanning North America, Latin America and EMEA. The SAP App Center provides customers with real-time access to more than 1,900 innovative partner solutions that complement...

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