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Price Foundry enables enterprises to streamline their price execution and enforcement operations.

Key Features

• Efficiently support price management and distribution for thousands of SKUs and millions of price points.
• Enforce a formal, auditable process for managing special price clearances during deal negotiation.
• Consolidate different components of pricing; provide a single anchor for all updates and changes; by organizing all pricing logic and rates within a central repository which serves as the single truthful custodian of all pricing related information. The logic and rates pertaining to each element of the price-waterfall can be independently versioned by date and any number of other criteria like jurisdiction, channel, division etc.
• Separation of various pricing concerns i.e. functional areas like Costing, Product Management, Risk management, Deal Management that contribute the different elements of the Price-Waterfall. The system enforces this by providing role based controls for accessing and modifying pricing logic and rates.
• Price Management analysts can leverage a GUI Workbench to collaboratively author and test definitions and logic relating to Price Management without depending on software programmers.
• Controlled change & release management wherein any changes to pricing logic and rates, go through a pre-configured series of approval steps before being authorized for release. As part of the approval process, the impact of the change on the entire price-waterfall can also be understood. If any changes or revisions are required to the definitions, this can be done at this time. After approval, the change is migrated to a formal deployment process. Complete audit trails are available on the history of change performed on the pricing logic and rates of each pricing component and on the comments made by the approver.
• Custom price sheets (by product family, region, channel partner, branch location, etc) containing rates, pricing rules relevant to that audience can be generated on demand.
• Multi-dimensional, transactional price calculation engine for exposing price calculation capabilities as an on demand service to their field staff. Based on the context of the transaction (product, customer & risk, region, channel, partner, marketing-program, division, etc) the right rates, pricing rules and formulae are applied towards calculating a price. This can be used to calculate not only price but also other elements like fees, commissions, surcharges & discounts, taxes, etc.
• Ensure seamless reuse of price management capabilities by existing enterprise systems and processes like Customer Acquisition, Quoting, CRM, Deal negotiations, etc.

Benefits

• Eliminate the use of spreadsheets for price management and distribution, thereby reducing price leakage and unintended pricing results like under-pricing or over-pricing.
• Establish strong governance and infrastructure controls around the price distribution process and reduce price leakage. Eliminate the limitations of spreadsheets in terms of the price points they can support.
• Reduce instances of maverick discounting by the field and control price leaks.
• Efficiently enforce sophisticated, multi dimensional pricing models thereby gaining the ability to differentiate prices from one transactional situation to another. -Competitors that have this ability to right-price for a transactional situation can take away significant market share and cherry pick the most profitable transactions.
• Launch changes (manage the define -> test -> approve lifecycle) to price definitions and logic within minutes.
• Reduce translation gaps & delays associated with traditional business-IT handoffs of business specifications for price management.
• Rapidly realize business value, with implementation cycles of 3 months or less.
• Ensure seamless reuse of price management capabilities by existing enterprise systems and processes like Quoting, CRM, Order Management, Deal Negotiations, Account Administration, etc.