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Smart Price Optimization and Management Pricing

Key Capabilities

Smart Price Optimization & Management (POM) is an end-to-end solution that empowers pricing leaders to define dynamic pricing strategies, manage prices across channels, customer segments, product tiers, and geographies, enforce governance through streamlined approval workflows and optimize pricing using AI to provide account-specific prices to direct sales teams, partners, retail stores and digital platforms. It delivers predictive insights to support forecasting and revenue and margin growth, and enables real-time price delivery across both traditional and digital sales channels. Smart POM is available for purchase in the following edition:

EDITIONS

PROS Smart Price Management Essentials

Ideal for businesses looking to eliminate manual, siloed pricing processes and gain centralized control, visibility and agility over omnichannel pricing—while delivering real-time prices for digital sales channels.

  • TALK TO SALES

PROS Smart Price Optimization Essentials

Designed for businesses aiming to boost revenue and win rates with AI-optimized pricing tailored to buyer preferences and market dynamics—across negotiated sales, retail and/or eCommerce.

  • Talk to sales

PROS Smart Price Optimization & Management
Advantage

Perfect for businesses seeking a comprehensive pricing solution to design, manage and execute winning price strategies, respond quickly to market changes, and deliver AI-powered prices that drive customer loyalty, profitability and revenue across all channels.

  • Talk to sales

Editions

Full Edition Comparison

Smart Price Management Essentials

Smart Price Optimization Essentials

Smart Price Optimization & Management Advantage

Omnichannel Price List Management

View, define and manage price lists for one or more channels (direct sales, partners, eCommerce, retail, etc.), regions, products, or customer segments, to operationalize pricing strategy execution and rationality across sales channels.

Price Strategy Management

Design, adjust and execute algorithmic dynamic price strategies, fit for any business challenge and industry use case. Simulate various pricing inputs and analyze impact to help refine and adjust pricing models.

On-Demand Currency Conversions

Define, manage and convert automatically price lists, charts, and price evaluations for ISO-supported currencies.

Standard Unit of Measure Conversions

Leverage standard conversion rates between different units of measure. Execute automatic conversions between units for charts and price lists.

Mass Price Change

Perform scheduled price updates based on updated pricing strategies, costs changes and competitive pricing. Review and approve latest pricing and publish to Customer’s ERP.

eCommerce Integrations

eCommerce integration via standard APIs.

Real-time Price Delivery

PROS Pricing Evaluation API to power sales channels with real-time delivery of pricing information. Includes up to the specified number of price evaluations per month.

1 Million

1 Million

3 Million

Dynamic Real-Time Pricing

Real-time price adjustments based on current market conditions, aggregate customer behavior insights, inventory levels, or competitor actions. Prices are determined and delivered at the moment of need (during a quote, transaction, or customer interaction).

Pricing Automation

Automates the management and periodic update of pre-set price lists based on anticipated scenarios (e.g., customer segments, regions, or product tiers), at scale, using event or time-based triggers and flexible business rules.

Leader-Follower Pricing

Define and manage price item relationships to maintain rationality when performing mass adjustment of prices.

Multi-tiered Pricing Approval Workflows

Price governance through multi-level workflows and automated rule-based approvals/rejections. Threshold-based routing ensures the right roles are engaged at the right time, allowing the majority of pricing decisions to be automatically approved and published.

Price Analytics (margin/revenue)

Predictive pricing models, configurable charts, and dashboard views. Ability to choose different data display options, filters, groupings and to zoom in on data and comparison tools. Intuitive workflow navigation between charts and price lists.

Price List Scenario Analytics

Create and compare different pricing strategies. Analyze outcomes via aggregated summary metrics (KPIs) and inline analytics.

Customer-Specific Unit of Measure Conversions

Define and manage the conversion rates between a default unit of measure and alternative units of measure for specific products and customers. Display all products in designated price lists for specific customers in predefined units of measure.

Tiered/Scaled Pricing

Manage volume discounting by defining price scales based on the volume / revenues of units sold. Ability to choose the calculation method and displayed offset type.

Commodity-Based Pricing

Manage pricing strategies based on commodity index feeds, including averaging index pricing by days or months and calendar management for holidays and exceptions.

Agreement Price Sync

Automate multiple price changes as a set across existing customer agreements, with necessary reviews and approvals from sales and pricing stakeholders. (Requires Advantage edition of Smart Configure, Price, Quote).

AI-Driven Price Optimization for Negotiated Prices

Deliver tailored price recommendations for sales negotiations, powered by AI scientific model(s) from supported metrics that considers historical transactions, price elasticity, other business and third-party data.

AI-Driven Price Optimization for eCommerce

Deliver optimized dynamic prices for eCommerce and digital self-serve channels, based on AI model that considers historical transactions, demand elasticity modeling and third-party data.

Price Optimization Analytics

Uplift analysis with AI-powered price predictions, margin and revenue insights, and win rate probabilities. Identification of top-performing products and customers. Actionable insights into improvement opportunities and market trend analysis. Attribute Influence Charts to understand key pricing drivers. Model health monitoring to ensure predictive accuracy. Historical transaction overview for contextual analysis. Includes intuitive workflow navigation between different analyses, flexible data visualization options, customizable filters and groupings, and zoom-in capabilities for granular insights.

Capacity Aware Optimization

Deliver AI driven opportunity cost-based prices for products and services that are constrained by capacity and expiration date.

Cost Optimization

Refine pricing strategies by estimating both known and hidden costs (including negative cost indexes such as savings) using an AI-powered model. Segment-level cost recommendations can be integrated into real-time price optimization or applied through business rules.

Overbooking Optimization

Maximize cargo capacity and manage service risk with AI-powered forecasting that predicts cancellations and no-shows. The AI model dynamically adjusts availability in real time across the entire air cargo route network to ensure optimal utilization and profitability.

Extensible AI

Host customer-trained optimization models to tailor pricing and selling recommendations, and return results which can be orchestrated and integrated with other PROS services and PROS AI-driving price optimization models.

Full Edition Comparison

Essentials

Talk to Sales

Essentials

Talk to Sales

Advantage

Talk to Sales

Denotes product capabilities included as standard in a particular Edition.

Denotes optional product capabilities which can be purchased either when signing your Order or during your Subscription Term. These capabilities are subject to additional annual Subscription fees and may incur a separate implementation fee.

Additional Features Available: All products include data integration services, subject to additional professional services for configuration, and support various languages with system administration in English by default.

 

We strive to be transparent about our product editions and the limits that apply and hope you find this catalog useful. Please note that the fees we list here are subject to applicable taxes and that all purchases are subject to the terms of service.

 

We periodically update this catalog, so please check back here for current information. If you’re looking for definitions of the terms used here, see our terms of service. If you have any questions, please contact sales.

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