The Pricing Industry’s First Big Data Insights Machine
What is PricefxPlasma
PricefxPlasma brings unprecedented pricing insights to enterprise companies, giving them a competitive edge by enabling them to measure their performance against pricing benchmarks, improve decision making, and optimize their pricing strategy in order to meet their future goals.
Access to benchmarks
to objectively measure and compare your performance to other's in the industry.
Identify market trends
to improve decision-making on future strategy, ambition and direction of growth.
to start assessing opportunities and set your company's targets accordingly.
The system leverages a wide range of data from Pricefx and Bain & Co (Transaction and quote level data covering 10+ industries and 100+ companies)
Benchmarks are compiled from aggregated metrics for Industries with a number of anonymized entities, allowing you to analyze and filter data specific to your needs.
Interested in PricefxPlasma?
Fill in this form, and someone from the Pricefx team will contact you to see how you can get started with Plasma.
We'll follow up with an email that includes a link to download a PDF on PricefxPlasma
Frequently Asked Questions
How do I get access to PricefxPlasma?
If you're already a Pricefx customer, then you can get access straight away!
Reach out to your customer success manager to find out what are the next steps.
Is the data real-time?
The data is updated every 3 months to ensure it's accurate.
Are my competitors able to see my own performance or any other data?
Industry benchmarks are always compiled from aggregated metrics with a minimum of 5 anonymized entities.
Thus, no competitor can extrapolate on your own performance and due to double-blinding process there is no way how a competitor could see your data.
In addition, the benchmarks are made available with a 3 months delay, fast enough to allow for relevant analysis but sufficiently disconnected from current market status
How secure is it?
The customer's data is anonymized by Pricefx via double-blinding, an automated process that removes customer identifiers to ensure that it is impossible to trace individual customer data even if someone has access to the complete benchmarking database.
Through the double-blinding process, no one outside Pricefx has visibility to unique customer identifiers
Is price comparison possible through PricefxPlasma™?
Due to the applied aggregation of data, it is not possible to conduct competitive comparison of individual items not product groups or categories.
How is Bain involved with Pricefx Plasma?
Bain helped Pricefx design and implement Plasma, based on their deep experience in pricing effectiveness and in benchmarking
Bain personnel located within the Bain Benchmarking and Pricing Centers of Expertise administer the benchmarking database, using Bain’s state-of-the-art benchmarking technology platform and methodology
What data is shared with Bain?
Only double-blinded metrics that have been aggregated at the entity level are shared with Bain. Bain does not receive any data on individual transactions, quotes, customers, or products.
Bain does not receive any company-identifying information.
How do I view the benchmarks?
Pricefx will distribute the benchmarks into a data mart on your partition. You can view these benchmarks through a set of standard Pricefx dashboards that we will deploy. You can also include this data in your own dashboards, allowing for direct comparison between your company and the benchmark.
How much does it cost?
Plasma is included in the subscription fee for Pricefx customers if your subscription includes the Pricefx Price and/or Pricefx Profit package.