eBook Download: Pricing Intelligence 2024
Key Takeaways
⇨ Pricing agility is crucial, but 87% of professionals struggle to adjust prices quickly, leading to significant profit losses.
⇨ Outdated systems and manual processes hinder effective pricing management, with 80% of companies losing potential revenue.
⇨ Businesses face substantial challenges with rebate management and pricing complexity, costing them an average of $478k annually.
In today’s dynamic market, the ability to adjust pricing with speed and precision is critical. Rapidly fluctuating costs, supply chain disruptions, and shifting consumer demand require businesses to be able to modify entire price intelligence portfolios in real time across all channels and regions.
However, research from Flintfox conducted with the EPP shows that most companies struggle to react nimbly due to processes
and technologies that aren’t fit for purpose.
Our latest insights Reveal the impact of these limitations on the bottom line and the factors holding businesses back from
maximising their pricing strategies.
The Need for Pricing Agility
Of the pricing professionals surveyed, 87% are concerned about the speed with which they can react to changing market conditions and costs with price adjustments.
As a result, 40% of businesses still rely on spreadsheets for pricing management to supplement their ERPs, perpetuating the cycle of manual inefficiency. With price management limitations endemic, execution times suffer.
Flintfox enhances businesses’ ERPs with a powerful pricing engine and intuitive application that equips users to manage even the most sophisticated pricing and rebate strategies with confidence, ease, accuracy and speed.
Flintfox provides businesses with complex pricing intelligence and rebates a smarter way to manage, streamline and automate pricing to protect margins and maximise revenue. Turn pricing complexity into opportunity.
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