Product & Solution Information

Rethinking Pricing, Revenue, and Profits in the Technology Industry

Issue link: https://pros.com/learn/i/1224894

Contents of this Issue

Navigation

Page 5 of 12

INDUSTRY BRIEF FOR TECHNOLOGY INDUSTRY In every technology vertical, companies are in the midst or on the brink of far-reaching digital transformation that radically affects the pricing, sales, and buying processes. The scope of change required has many organizations wondering where to focus. When it comes to digital transformation, the sales process is the best place to kick things off. At its core, transforming the sales process is about transforming the buyer's experience. Delivering a quick, optimized, and exceptional customer experience should be priority one for tech companies, but digitization efforts often don't reflect that prioritization. Not only will digitally transforming the sales and pricing process from end to end lead to healthier margins and increased market share, but it's a far better defense against market-disrupting competitors than dropping prices. Tech companies who digitize pricing and sales processes rather than caving to downward pricing pressure will enjoy a notable first-mover advantage. How Tech Companies Can Up Their Game 3 Actions to Thrive in The New Normal In the digital era, tech companies must create an exceptional omnichannel buying experience to stay ahead of their competition and effectively execute their pricing strategy. 1 Ensure Consistent Customer Experience Across All Buyer Touchpoints 2 Prioritize Cross-Organizational Alignment 3 Leverage New Technologies to Improve Sales & Pricing Processes 6

Articles in this issue

view archives of Product & Solution Information - Rethinking Pricing, Revenue, and Profits in the Technology Industry