Actionable Insights
Continuously identifies gaps and opportunities, and allows a user to choose the optimal course of action
User-oriented setup of “pattern” detections (based on any data threshold, time period or segment comparison)
Data-driven – leveraging any Datamart data and/or Optimization outputs
Consisting of rules, alerts and follow-up Actions created from a selected context
Alerts pushed to the Notification Center; Actions (recommendations) available from Homepage
Visual Configuration
GENERAL RELEASE OF PRICE STRATEGY DESIGNER and INTRODUCING WORKFLOW DESIGNER
Our Visual Configuration approach adds simplified configuration options across various modules
Exclusively available to extend the capabilities of Pricefx Accelerators
Design and configure with drag-and-drop elements and deploy them directly to your partitions
Minimal Coding Required – Design visually and let the system generate the code
Save the Building Blocks – Create elements as you work to re-use later.
Enhanced Optimization Use Cases
NEGOTIATION GUIDANCE
Mass-manage supplier costs and other data. Processing and calculation without tying to SKUs.
Price guidance delivered to sales-people on every deal in Quoting for every unique situation.
Identifies peers with common willingness-to-pay and uses statistics to bring low performers up
Segmentation with an automated suggestion of the segmentation attribute(s) and supportive analytics
Option to define cross-segment pricing positioning rules (customer-size, regional, etc. price differentiation)
Integrates multiple objectives, constraints and other business rules into the Optimization results
PRODUCT RECOMMENDATION
Tailored recommendations, based on historic transactions, competitor data and similar products, delivered in your quoting workflow.
Sales-people can speed up quoting process through optimized product recommendations
Increase deal value by upselling complementary products (e.g., related consumables)
Improve conversion rates by presenting your customers with quotes tailored to their needs
Recommendations based on historic purchases, similar products and products frequently purchased together
Link related products and services to display recommendations together when adding to quotes
SHELF PRICE OPTIMIZATION
For retail companies with a need to provide optimal shelf prices specific for territory / channel
Targets retail companies with a need to provide optimal shelf prices specific for territory / channel
Allows priority setting for revenue or profit maximization to follow company objectives
Applies objectives and constraints for differentiation of optimal prices to specific competitors, across channels etc.
Optimization results with aggregated and detailed views on comparison of last and forecasted periods
MARKDOWN OPTIMIZATION
For retailers with a need to optimize inventory levels of targeted products.
Retailers can optimize inventory levels of targeted products by identifying and marking them down
Considers time to the end of season and the declining demand to ensure optimal promotion period
Optimizes discount recommendations for perishable and end of season products
Identifies slow moving products and sets up discounts to increase sales and reduce stock
Multiple New Integration Methods
FRONT-END API
iFRAME API TO INTEGRATE WITH 3rd PARTY APPLICATIONS
An enabler for frontend integration of Pricefx into CRM and other 3rd party applications
Now it embeds functionality into any application supporting iFrame (not limited to selected ones)
Visual Mapping allows administrators to map data fields for basic integration scenarios
Reduces integration setup time for a quicker go-live and time to value
Utilize existing UI for pricing processes that already exist in Pricefx
SAP S/4HANA INTEGRATION
AVAILABLE THROUGH SAP BTP INTEGRATION SUITE
Multiple Pricefx integrations to SAP S/4HANA through SAP BTP Integration Suite are available in SAP API Hub
The first Pricefx integration package for S/4HANA will shortly get the official certification by SAP
We enable the first plug & play use-case fully utilizing this way of integration and advantages of Pricefx integrated with S/4HANA
Price Optimization & Management enabling pricing managers to set optimized prices and price guidance