Manage and Implement Your Pricing Strategies with a Comprehensive Solution

Find out how the SAP Extended Price Management solution by Vistex – an industry cloud solution deployed on SAP Business Technology Platform –helps you manage and implement your corporate pricing strategies. Download the Document

Manage andimplementyour pricingstrategies with acomprehensivesolutionSAP Solution BriefSAP Solution Extensions |SAP Extended Price Management by VistexSolutionObjectives Quick factsBenefits
2 | 6Tackle pricing challenges with smart price managementAs disruptive global developments create greater complexity, it’s important to have clear visibility intoyour pricing and incentive strategy for customers, manufacturers, and channel partners.You need a more comprehensive view and increasedmanagement of the wide variety of pricing scenarios andincentives offered. This includes having oversight withprice administration to efficiently maintain and improvepricing; deal management to gain visibility into complexpromotions and programs; price execution to determinecorrect prices for purchasable products; and price analyticsto establish true margin and gross-to-net information byevaluating pricing, incentives, and revenue-sharing programs.Extending the value of your suite of intelligent businesssolutions from SAP deployed on SAP Business TechnologyPlatform will also provide vertical capabilities that delivertrue business value.Solution Quick factsBenefitsObjectives
3 | 6Manage complex pricing more efficiently and easilyThe SAP Extended Price Management solution by Vistexsupports you from agreement initiation to buy-side andsell-side analytics. This comprehensive industry cloudsolution includes user-friendly layouts and intuitive func-tionality, allowing you to adjust prices without delay,execute mass pricing updates, automate maintenance,and reduce hours of manual processes.SAP Extended Price Management can save you time andfree up resources by getting prices into your system moreefficiently and evaluating pricing data. You can run formulasand calculations to drive prices, helping you evaluateprograms and rebates to determine true profitability.The solution also extends the value of SAP S/4HANAthrough: Price administration: Maintain and improve pricing moreefficiently and intelligently Deal management: Gain visibility into complex promotionsand programs with variable qualifications at the timeof sale Price execution: Determine the correct price for pur-chasable products more simply and easily Price analytics: Establish true margin and gross-to-netinformation by evaluating pricing, incentives, andrevenue-sharing programsObjectives Quick factsBenefitsSolution
4 | 6Simplify pricing administrationTo avoid errors while maintaining prices in your order entryor materials management system, you need a solution thatallows users to enter pricing efficiently, providing the visibilityto review proposed adjustments and make accuratechanges in a timely manner.Comprehensive price administration and workflow tools inSAP Extended Price Management help you perform massmaintenance of pricing and effective dates, validate pricingaccording to business-defined price policies, and conductand track reviews and approvals.The solution makes pricing administration easier with user-defined formulas and logic to help you derive sales pricesfrom other products (from the same or a similar productfamily), commodity costs, consumer price indexes, or costsof bills-of-materials components.SAP Extended Price Management lets you: Approve and validate pricing systematically withoutduplication Automatically update records with mass maintenance ofpricing and effective dates Gain visibility from time of sale into deal managementwith multiple products Analyze the true margin of products or agreements Conduct and track reviews and approvals Communicate prices using catalogs or price lists (com-plete or delta catalogs) Create price proposals for review and publishingObjectives Quick factsBenefitsSolution
5 | 6Analyze pricing strategy successIn today’s rapidly changing business environment, it is notenough to just manage pricing structures; you also need toappraise the success of your pricing strategies.With visibility into margins, incentives, and revenue sharing,SAP Extended Price Management helps you comprehen-sively evaluate and set pricing. The solution analyzesproposed pricing to determine true margin and show thegross to net – component by component – for individualproducts, for a product line, or for an agreement.Benefits of this functionality include the ability to: Manage pricing, incentives, and revenue sharing byanalyzing proposed pricing to determine true margin Show the gross to net, component by component,for individual products, for a product line, or for anagreement Model customer demand and price sensitivity, analyzemargins, and set pricingSolutionObjectives Quick factsBenefits