Issue link: https://pros.com/learn/i/1463673
Business challenges addressed by AI-powered Pricing • Ability to keep up with the pace of the market and increas- ing volatile costs • Establish a centralized system for prices, creating a consis- tent pricing strategy to ensure all products are priced uniformly • Improve pricing discipline by eliminating over-discounting, inconsistencies, and high variability in your prices • Gain visibility into the willingness-to-pay for your customers, providing them with timely and personalized prices • Quickly, accurately, and automatically deploy pricing for thousands of products across multiple geographies • Convert prices in real time to the currency of the quote, order, contract, or transaction • Take relevant action to prevent revenue and margin leakage and drive improvements • Develop a change management plan to drive user adoption among various departments within your organization to ensure rapid and lasting ROI PROS SMART PRICE OPTIMIZATION AND MANAGEMENT (POM) Manage, optimize, and update prices dynamically and automat- ically with a system that is responsive to real-time changes. Fight downward pricing pressure by providing sales with personalized recommendations and guidelines based on your customer's willingness-to-pay and your pricing strategy. Deliver the right price to your ERP, CRM, and eCommerce systems with integrated availability and unmatched perfor- mance globally by evaluating the sequence to grab the right price across contracts, quotes, promotions, and list prices. Identify targets for margin and price opportunity, quickly adjust prices for all products and customers, and bring those opportunities in line with optimal pricing strategies, market- relevance, and competitive pricing. Gain complete visibility from List Price to Pocket Margin while gaining insight into period-over-period trends to identify price, volume, mix, and customer attrition/acquisition issues to execute and validate strategies. HOW ARE CHEMICAL COMPANIES growing market share and margins through the complexities of market volatility? Supply chain constraints, uctuating feedstock prices, environmental regulations, and changing consumer demands have all contrib- uted to pressures that ultimately affect the bottom line. In order to grow and improve protability, chemical companies are looking to accelerate digital transformation, starting with pricing strategy. PROS Smart Price Optimization and Manage- ment gives chemical companies the tools they need to develop impactful pricing strategies backed with cutting-edge AI. BUILT ON INDUSTRY LEADING AI, the PROS Platform is comprised of PROS Smart Price Optimization and Management as well as PROS Smart Configure Price Quote. Each of these solutions offers a set of interconnected capabilities and insights that help accelerate revenue growth, drive channel harmonization, provide pricing and quote efficiencies, and much more. WHAT IS THE PROS PLATFORM? Optimizing Dynamic Pricing for Omnichannel Commerce Chemicals Industry THE PROS PLATFORM WANT TO LEARN MORE? SCAN THE CODE