Managing Market Volatility with Flintfox

Market volatility is an unavoidable struggle that every business faces from time to time. Consumer tastes, major disruptions, and economic swings can affect any business with little to no warning. Addressing these challenges through cash management and visibility is a major priority for SAP businesses and their finance teams.

SAPinsider’s recent SAP S/4HANA Finance 2024 benchmark research report found that nearly 70% of all SAP organizations feel that end-to-end cash management processing and visibility is either important or very important – making it one of the most prioritized areas for finance teams.

With inflation surging and supply chains constantly in flux, companies need the ability to resist the more damaging results of economic uncertainty, both on the buy side and sell side. While they cannot influence the outside economic factors, companies can insulate themselves by implementing intelligent pricing strategies to protect their margins and facilitate profitable growth.

How to Implement Intelligent Pricing

Many companies are turning to trusted partners like Flintfox to utilize their data to develop an intelligent pricing strategy. The company offers software that delivers a unique approach to help users across the three main aspects of pricing and rebates:

Foundations – Before companies can figure out the most cost-effective way to operate, they must first ensure that they are working with accurate and up-to-date information. Flintfox allows companies to accumulate and consolidate their data into a single source of truth and automate administrative processes. With all information consolidated, companies are then able to leverage their data to organize and define key attributes, execute agreements from a centralized repository, and manage large data volumes.

Operations – With the foundations laid, companies can improve operations. This includes finding rebates, editing pricing and promotions, automating sales processes, and much more. To take a more proactive approach to managing market volatility, companies can also run pricing simulations to see how they can maximize margins in specific scenarios.

Visibility – Flintfox’s solution also allows users to perform essential financial recognition tasks to understand P&L impact in real-time. Companies can manage their margins by getting instant updates on their sales statistics through an intuitive, customized dashboard. They can also review payments, claims, and rebates to ensure accuracy.

Conclusion

Companies are constantly on the lookout for the right balance when it comes to payments. While it may not be possible to know the future, intelligent solutions from partners like Flintfox can help organizations position themselves for success regardless of what tomorrow holds.

Flintfox has nearly three decades of experience with intelligent pricing software and can natively integrate with SAP ECC and SAP S/4HANA. It offers companies real-time information as well as the ability to shift their pricing strategy as needed to remain competitive and accomplish their business goals.