Overcoming Price Fluctuations with Flintfox
Meet the Authors
SAP organizations worldwide must contend with economic volatility and price fluctuations that can make it difficult to plan for the future. The demand for improved reporting, planning and insights from finance is one of the top factors influencing the way organizations handle their finance strategy.
This is particularly true for manufacturing organizations that often have large price lists and cannot make updates quickly enough to keep pace. In fact, 87% of businesses are concerned about their reaction speed to market changes. Outdated systems that cause slow pricing changes and errors can cost companies not just money, but harm relationships with customers as well.
This market volatility may continue or even grow more severe. Companies must find new tools and strategies to overcome these issues and capitalize on any market opportunities.
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Overcoming Pricing Fluctuations
To help companies better adapt to challenging market conditions, Flintfox offers its pricing engine to provide users with accurate, real-time data. This allows decision-makers to make better informed choices to guide their organizations.
The pricing engine solution can update large amounts of data according to customized rules, providing agility and responsiveness to volatile market conditions. By adjusting prices quickly, companies can maximize their profit margins without negatively affecting sales.
SAP Integration
SAP organizations have the data that they need to generate accurate, real-time pricing models stores within their SAP landscapes. However, this data is often scattered and siloed, making it difficult for companies to utilize it.
Flintfox can act as a single source of truth for pricing within an SAP system, delivering large volumes of data. It can receive pricing information from either SAP or an external source such as extracts and catalogs.
Flintfox also integrates natively with SAP, allowing users to improve pricing performance at speed and scale and better maintain data. The Flintfox platform is able to keep all relevant members of an organization informed on updates through a single interface, reducing miscommunications, and cutting down on complexity.
Conclusion
Economic volatility shows no signs of slowing down, so SAP organizations must find better solutions to allow their organizations to address pricing issues in a scalable, dynamic way. Companies must develop agility without disrupting current operations.
Many SAP organizations are turning to partners like Flintfox to help resolve complex pricing issues by leveraging their existing data for high-speed calculations. With real-time data, companies can maximize their margins and become better equipped to meet their goals.
