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Investing In Price Optimization, Execution, and Analysis Solutions

Investing In Price Optimization, Execution, and Analysis Solutions

Pricing solutions are one of the most closely guarded secrets of today's leading companies. This is because pricing software generates an impressive ROI, typically 5 to 19 percent profit improvement. Also, it gives these companies — each the innovative leader in its respective industry — tremendous competitive advantage. If we peeked into these companies, we would see success stories about how organizations have turned around inefficient pricing processes and poor pricing analysis into real business benefits-revenue and margin uplift. These companies have taken charge of pricing and are actively optimizing, executing and analyzing pricing opportunities. However, they are still the minority. Why were these companies the first to adopt pricing technology? What were the key business drivers that made an organization-wide pricing initiative a worthwhile investment?

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posted by Victor Lloyd Smith @ 3:52 PM