Price f(x) Raises €25 Million in Series-B Funding Round Co-Led by Digital+ Partners and Bain & Company
Price f(x), the global leader in cloud pricing software, has raised €25 million in Series B funding. Leading the round are Digital+ Partners, a leading European B2B technology growth investor, and Bain & Company, one of the world’s top management consulting firms. The Series A investors, Prague-based Credo Ventures and London-based Talis Capital, also participated in the round.
Established in 2011 in Munich, Price f(x) provides a modular SaaS solution for Price Optimization, Management (PO&M) and Configure-Price-Quote (CPQ) for enterprises of any size, based on the latest in native cloud architecture. The company currently serves over 80 global, blue-chip B2B and B2C customers across a variety of industries, including Robert Bosch, SchneiderElectric, Owens-Illinois, Iron Mountain and Sonoco. Price f(x) has also developed a strong partner ecosystem with leading global technology, consulting and integration providers—including Bain & Company and SAP—enabling a best-in-class service offering, which helps customers realize a fast time-to-value on their pricing projects.
Price f(x) Files Petitions with US Patent and Trademark Office to Invalidate Vendavo’s Patents and Launches a Counter Lawsuit
Price f(x), the global leader in cloud pricing software, has filed petitions for “Covered Business Method (“CBM”) Review” of four Vendavo patents, and will imminently file a fifth, which together will cover challenges to all of the patent claims that Vendavo has asserted in litigation between the parties. In Price f(x)’s view, each of Vendavo’s patents qualifies for the specialized CBM procedure created by US Congress to “crackdown on low-quality business method patents.” Read more
New release of Price f(x) QuoteConfigurator and PromotionManager App – Unity v1.34 Munich.
We are happy to announce a new release of Price f(x) QuoteConfigurator and PromotionManager App for Salesforce, Microsoft Dynamics and SAP C4C – Unity v1.34 Munich.
The great crew change and the impact on teams and tech. – by Garth Hoff
How long does it take to make an employee productive? How long does it take to become a professional? The CEO of PetroSkills has noted, “it takes 3 to 8 years for a company to turn a new employee into a petroleum professional.” We can argue over the timeframe per industry and job function, but it’s well understood that becoming a professional in any skilled area including pricing can take years.
Amazon, disruption, and changing customer expectations – by Garth Hoff
Both Meg Whitman of HPE and Mark Benioff of Salesforce.com choose to focus on speed at the 2016 Davos World Economic Forum Digital Transformation of Industries panel. Whitman said, “my view is that the future belongs to the fast,” and Benioff built on this by noting, “Speed is the new currency of business.”
Price f(x) is a Premier Sponsor at PPS Dallas
Are you ready to shake up your pricing? Then stop by the Price f(x) booth (#108) at the Professional Pricing Society conference on October 25-26, 2018 in beautiful Dallas, Texas.
Price f(x) Dynamic Pricing Solution Now SAP® Certified
Optimized Dynamic Pricing by Price f(x) is a tailored SaaS solution to respond to the ever growing need for businesses to react faster to changing market conditions. The solution, which is integrated with SAP Commerce Cloud, calculates prices in real-time based on predefined set of business rules and modern price optimization algorithms using machine learning techniques. Optimized Dynamic Pricing will enable you to achieve and maintain pricing excellence through dynamic, relevant price changes. Actively monitor price changes, market reactions, and revenue, margin, and volume improvements using powerful analytics capabilities. The solution can work with multiple backend systems, terabytes of data, millions of transactions and historical price points and will enable you with better and improved customer and product segmentation.
New release of Price f(x) QuoteConfigurator App for Salesforce and Price f(x) PromotionManager App for Salesforce – Unity v1.32 Kamenice
We are happy to announce a new release of Price f(x) QuoteConfigurator and PromotionManager App for Salesforce, MDS and C4C – Unity v1.32 Kamenice.
We’ve added a new dialog for user preferences management from the Quote Detail page. It provides more details about the available preferences and also allows you to choose which of them will be your default one. Obsolete preferences can be deleted and users with the appropriate rights can also set global preferences. We’ve also improved pagination of the Quotes and Contracts listing and removed one extra need to scroll.
Among other features and enhancements, you will find a breadcrumb navigation on the Quote or Contract Detail page or detailed release and backend information on the Configuration page, which will make troubleshooting a little easier. For a complete list of new features and bug fixes, please see the release notes.
Part 3: Prevention- by Gabe Smith
So how can you prevent the Truck and the tree?
As with most issues in the corporate world, there are 3 factors involved: People, Processes and Systems. They all work together to enable resolve problems. Let’s discuss both the Truck and the Tree in light of people, processes and systems.
Price f(x) Announces a New Release — Salty Dog
The next release we would like to introduce you to – Salty Dog – will be deployed on October 20, 2018 and will contain the following features:
Gaining More Speed with Price f(x)
This release brings more support for various types of mass operations.
- Editing a large number of Quotes is much quicker and easier, since you can do it using the Mass Update feature.
- Price Lists and Live Price Grids allow now for mass recalculate and mass submit operations.
- Rebate Records can be mass approved/denied.