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Manufacturers need to update list prices for their product catalog regularly to stay in pace with the market and aligned to their pricing strategy. Price updates become arduous due to current pricing maintenance methods, which are disjointed and difficult to enforce policies or track changes.
6% increase in wholesale prices into the channel leading to 15.2% growth in revenue and 22% increase in gross margins.
“Our pricing team is now doing more strategic review of pricing, but eventually we’d like to automate the entire workflow.”
– Lizzie Geismar, Strategic Marketing, KYOCERA AVX
"Markets are changing faster than ever, which means the need for flexible price management is crucial. It may seem simple to change a price, but it’s never one price. There are many price lists for thousands of products in several channels across regions. Traditional solutions can work when prices don’t change often, but today’s reality requires efficient and automated tools to rapidly and effectively coordinate all price changes simultaneously."
List price setting adjustments need to be made within business validation constraints. Pricing teams must take into account many variables to ensure growth and profitability.
Workflow configuration, filters and formulas can accelerate pricing. Pricing activities are routed through approved workflows, revenue teams spend less time on the mundane and more time on the strategic.
Define authority across your team, ensure data privacy, and enforce access controls. Price change automations kick-in for workflows, approvals, and price table publishing.
Seamlessly integrated to Model N Deal Management & Channel Management. Streamlined pricing that helps manufacturers keep prices up-to-date and ensures seamless price execution across the market.
Initiate price change requests. Use formulas, filters, and rules to adjust price points for market execution.
Trackable and auditable workflows for pricing activity, initiate price changes, approve and publish.
Define corporate objectives and validate all price change requests against defined data validations and rules.
Select products and price points to review, perform price change requests, submit for approval, and publish.
Easily export any price point for a given product and seamlessly import new prices for price table publishing.
Propagate pricing across the waterfall; list price, quotes, orders, debits, price protections, and distributor book.
The complete and connected end-to-end pricing process so price changes are analyzed, reviewed, and published with respect to their impact to price tables, quotes, debits, and price protection programs.
Enabling our Customers to Deliver Life-Changing Products to the World
