Pricefx Adds New AI Optimization Use Case to Latest Version of Pricing Software
June 25 2024 - 9:30AM
Business Wire
Customers can achieve faster time-to-value with
a wider array of supported business use cases and gain improved
transparency for price optimization results
Pricefx, the global leader in AI-powered SaaS pricing software,
announced the release of Rampur 13.0 version of its award-winning
pricing platform.
The new version of its price management, optimization and CPQ
platform helps customers to achieve a faster time-to-value by
supporting the widest range of out-of-the-box AI Optimization
business use cases on the market today.
From machine learning and neural networks to agent-based AI and
generative AI, Pricefx leverages the whole AI landscape to help
customers improve margins and make better data-driven decisions at
scale. Building on previous AI capabilities, Rampur 13.0 adds List
Price Optimization and Agreements Accelerator to the platform, as
well as new enhancements for integrations with SAP S/4HANA.
“We continue to heavily invest into our AI optimization
capabilities to help our customers to drive their company goals
through optimal pricing and providing optimal product mix,” said
Billy Graham, Chief Product Officer at Pricefx. “For each AI
optimized use case deployed, customers can recognize an additional
1-2% margin improvement on average. Our productized use cases give
customers the fastest time-to-value, and the flexibility of our
‘bring your own science’ capability and the unmatched transparency
of our clear-box AI ensures that customers have the trust and
confidence for long-term adoption and futureproofing of their
investment.”
In the Rampur 13.0 release, List Price Optimization has been
added as a new use case that allows customers to optimize list
prices, align them with overall price strategy, and enforce the
required price differentiation across various product lines. This
release also introduces technical Condition Record capabilities,
which streamlines integration with ERP systems for further use
within company processes.
Designed for process manufacturers, Agreements Accelerator
enables the creation and maintenance of formula-based customer
agreement pricing that reflects dynamic market changes in the
resulting pricing at any point of time. Formulas can be designed
visually, without coding.
Pricefx has also added enhancements and extensions to its
integration with SAP S/4HANA, including an integration with the new
templates for Agreements & Promotions and Rebates. Pricefx’s
SAP Endorsed App has been Premium Certified for SAP S/4HANA. The
company was one of 16 SAP partners to win a Pinnacle Award in 2024
and was also a finalist in the AI Partner Innovation category.
The Rampur 13.0 release is available now and more information
can be found at https://www.pricefx.com/rampur/.
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About Pricefx
Pricefx is the global leader in AI SaaS pricing software,
offering an end-to-end platform solution that is fast to implement,
flexible to configure, and friendly to learn and use. Since
pioneering cloud-native pricing technology more than a decade ago,
its leading AI price optimization and management capabilities
deliver the industry’s fastest time-to-value with activation in 6
months or less and the industry’s highest average ROI of 7,000% in
the first 12 months from activation. Pricefx’s award-winning
solution is focused on productized industry use cases proven to
solve the most common and complex pricing challenges for large
enterprise B2B companies in manufacturing, distribution, process
engineering, and select other verticals. It is the leading AI price
optimization and management platform that enterprises rely on to
dynamically Plan, Price, and Profit. Pricefx’s business model is
entirely based on fairness, and the satisfaction and loyalty of
their customers is recognized by years of leading rankings among
customer review forums. For more information, please visit
www.pricefx.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625407519/en/
Cathy Summers Summers PR for Pricefx cathy@summers-pr.com +1
(415) 483-0480