PROS Best-kept Secret Success Stories: Industrial
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"This is the first time in our company's
recorded history that we've had inflationary
pressures and actually been able to increase
our margins, and that's because of PROS."
—Anonymous, VP of Business Transformation,
Confidential Company
Introduction Company #4 Company #3 Company #1 Company #2
READ THE FULL STORY
We optimized
our pricing for
$7.2B in revenue $7.2B in revenue
since going live with
PROS software!
Company #2:
Industry: Distribution
Revenue: $5-10 billion
Reason for using PROS: This Fortune 500 Distribution company
was looking for a modern, dynamic pricing solution to enable uniform
pricing across a product catalog of nearly 2 million distinct SKUs to:
• Update their current on-premises pricing solution to something that sales
finds useful enough to follow its guidance and adopt across locations
• Change to a pricing solution that is capable of updating prices
as the market changes throughout the day
• Have a system in place that unified buying and selling data across
locations for better analysis
Solution: The distributor chose AI-powered Pricing by PROS for
its dynamic pricing abilities across channels. They also implemented
PROS Real-Time Pricing Engine (RTPE) for faster and more
reliable pricing.
The change also allowed them to identify selling opportunities
and better track customer data. The new and more advanced cost
guidance system helped them negotiate better prices with vendors
across the globe.
Benefits:
1. By setting pricings according to pricing guidance recommendations,
the company optimized pricing for $7.2B in revenue since going live
with our software.
2. After implementation, sales associates began to use the new solution
at a higher rate than they had the previous one.
3. Since going live in April 2021, the distributor has seen a 120-basis-point
margin increase.
