Manage

Pricing with Excel… and Other Ways to Lose Money 

March 17th, 2021 (Updated 03/24/2021)

Tim Shorter
Global Vice-President Sales, Food and Beverage at Pricefx

How to Plug the Leak and Stop Losing Money With Excel In 2003, Canadian power generator, TransAlta, lost $24 million due to copy-and-paste mistakes. Two years later, Kodak added $9 million to its third-quarter loss due to a typo. And in 2012, JP Morgan lost $6 billion due, in part, to a copy-and-paste error in Excel.   Statistics have shown that 88% of spreadsheets contain significant errors. So out of 10 spreadsheets, only one is showing you accurate data. Do you really want to manage pricing off that?  Unfortunately, all too frequently, a decimal place can be the difference between an...

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Manage

How to Unlock Pricing Potential Trapped in Minds and Excel Sheets

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

Tolu Oke
Content Marketer at Pricefx

Release the Pricing Potential Trapped in the Minds and Excel Sheets Of Your Organization Global spending on digital transformation is predicted to grow to $1.3 trillion in 2020. But, a Pricefx survey of pricing professionals found that 54% still relied on Excel as their primary pricing tool, as opposed to cloud-based software that offers far superior performance for reasons discussed in this piece.   This startling figure shines a light on the lack of investment that companies are making in their pricing infrastructures, and hints at the masses of powerful pricing discoveries that lie trapped in Excel documents and the minds of...

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Realize

Excel vs Pricing Software: Accelerating Time to Pricing Excellence

April 16th, 2020 (Updated 03/24/2021)

Examine the Value Difference Between Excel and Pricing Software All pricing professionals want to be able to initiate a pricing strategy that will result in higher profits, a smooth sales and quoting process, better pricing analytics, automated list price management and all with flexibility, ease, and speed. So, why do so many organizations use excel instead of pricing software? For many pricers, the reason is legacy tools installed decades ago. But this leaves pricers in a state of reactivity without the much-needed bandwidth to be proactive and lead their organization to pricing excellence. Join Idrissa Diop as he shows the...

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Fast

6 Reasons Why the Cloud is the Future of Pricing Software  

February 13th, 2020 (Updated 04/08/2021)

Tolu Oke
Content Marketer at Pricefx

Is Cloud the Future of Pricing Software? Yes, Here Are 6 Reasons Why. By next year, 83% of enterprise workloads will be in the cloud. Its growth since its inception has been staggering. It has worked its way into every corner of our personal and professional lives, and, as such, cannot be ignored by businesses in any industry or of any size.   The term ‘cloud’ was coined just 13 years ago, and yet “…we can expect cloud computing to quickly evolve, and become so ubiquitous, that the concepts we label as ‘cloud’ will simply be known as ‘computing’.”    Companies must wake up to the powerful...

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Fast

What’s the Difference: Excel vs. Cloud vs. On-Premise Pricing Software?

February 13th, 2020 (Updated 03/23/2021)

Duncan Hendy

A Pricing Software Comparison:  Excel vs. Pre-Internet vs. Cloud    Are fancy pricing solutions worth the hassle and price tag? Does cloud computing really translate into business success metrics and are they relevant for all organizations? What about security risks? Life’s good in Excel, why change that?   These questions have been around for a while, so let’s take a closer look at the Excel vs. Pre-Internet vs. Cloud software battleground and work out what’s best for your business.   Cost Efficiency:   Excel:   Compared to obtaining any pricing-specific software, Excel is cheap as chips! It’s the fastest to set up and everyone already knows how to use it....

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Fast

What’s the Difference: Excel vs. Cloud vs. On-Premise Pricing Software?

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

Duncan Hendy

A Pricing Software Comparison:  Excel vs. On-Premise  vs. Cloud    Are fancy pricing solutions worth the hassle and price tag? Does cloud computing really translate into business success metrics and are they relevant for all organizations? What about security risks? Life’s good in Excel, why change that?   These questions have been around for a while, so let’s take a closer look at the Excel vs. On-premise vs. Cloud software battleground and work out what’s best for your business.   Cost Efficiency:   Excel:   Compared to obtaining any pricing-specific software, Excel is cheap as chips! It’s the fastest to set up and everyone already knows how to use...

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