Is CPQ Software Right for Me?
Is CPQ Software Right for Me? Configure, Price, Quote (CPQ) software might just be the secret to bridging the gap between the escalating expectations of your company’s customers and the current experience and skills of your sales staff. The era of reliance on spreadsheets and manual handbooks is history for most companies. However, implementing a CPQ Software solution might not be for every business. So, we know that CPQ software is great in many cases but how can you know if it’s the right solution to help solve your business needs? That’s exactly why we are looking at demystifying some...
Is Pricing Analytics Software Right for Me?
Is Pricing Analytics Software Right for Me? Although big data and analytics have become routine phrases across many modern businesses, a lot of companies still fail when it comes to identifying practical pricing uses for the plethora of data that they possess. Imagine you have all the sales and transactional, product and customer data you could ever wish for stored in your CRM, ERP, Qlik, Power BI, Tableau or Excel spreadsheets. Sure, it’s nice to have all that data but if you’re not using it to inform the smartest and most profitable pricing your products, then you’re simply guessing what...
What is Price Optimization Software & Is It Right for Me?
What is Price Optimization Software & Is It Right for Me? As a pricing professional, you understand your products, your industry, your customers, and the market. You know how important a lever pricing is in your company’s success. So, you spend hours working out where you might be able to raise prices and by how much, and worrying about what else might break if you do. But there is only so much magic you can conjure inside an Excel spreadsheet. Unsurprisingly, you’re curious about the hype around price optimization software. Would it really make any difference to your life? Would...
Insight
PriceOptimizer: The Art of Not Leaving Money on the Table
Key Takeaways: Expansions in product, customer base, regions served and more make it difficult to serve the optimal prices PriceOptimizer can cluster by buying behavior so that pricing professionals can give the right price to the right segment PriceOptimizer uses machine learning to optimize prices across several segments Imagine you have a global sporting goods store that sells every sporting product that you could possibly dream of. Your store in England sells soccer gear including English team jerseys and other similar gear at the same price that you’d sell them in the US. However, the people in the England would...