2 TB data. 1M Customers. 1M SKUs. 50,000 customer contracts w/50 unique attributes. 1000’s of vendors. 1000+ Sales Reps. No pricing vendor could solve our dilemma to model scenarios and execute successfully to recover margin related to inflation. That is, until we were introduced to ProfitOptics.
The ProfitOptics Price Optimization (PPO) module has been configured to allow the pricing team to configure and model pricing scenarios to maximize return, minimize risk, and minimize administrative burden. The system allows the company to manage all customer contracts, storing attributes that can be used as part of the modelling. The sales interface presents opportunities that can be quickly vetted and acted upon.
PPO allows pricing inflation events to be administered and executed like clock-work. The most recent implementation of the SF.com integrated interface that joined to the contract attributes data has allowed the client to increase the proposal acceptance rate by 50%. The system is the driving force in efficiently recovering over $100M in annual gross profit.