The optimal price for every selling circumstance.
Price IQ simultaneously accounts for all of the factors that influence price, measures price elasticity, and rationally aligns prices in accordance with business rules to produce optimized price guidance for each unique selling circumstance.
Overview
Optimize Prices
Only Price IQ uses a predictive model that quantifies the potential profit and revenue trade-offs as a result of price changes, allowing customers to minimize unintended consequences and maximize financial results.
Tackle All Price Types
B2B companies transact business across multiple price types – list, matrix, negotiated and agreements – adding to the complexity of price setting. Price IQ optimizes and ensures alignment across the different price types.
Solve the Configured Product Pricing Puzzle
Price IQ can determine the factors that drive price response in any configured products market to deliver optimal prices specific to each deal and product configuration.
Details
Solution type
Extensions and Add-ons
Industry
Oil, Gas, and Energy, Wholesale Distribution, Mill Products
Compatibility
Works with
Features
Equip Sales with real-time price guidance
Boost sales rep confidence with informed real-time, market-aligned price guidance. Respond to uneven demand by making surgical price changes that take into account price elasticity, customer transaction history, and inventory positions.
Intelligent and Flexible Segmentation Management
Accounting for the factors that drive price response in each unique selling circumstance is the key to winning – or losing – the deal. Explore and evaluate all of the factors that influence price to create a statistically and strategically relevant price segmentation structure.
Rational Alignment
Simultaneously account for business rules and price relationship requirements through constraint-based price optimization, avoiding the hazards of conflicting rules.
