Pricefx

Pricefx is an AI-powered pricing software platform that provides comprehensive price management, optimization, and Configure, Price, Quote (CPQ) solutions for businesses. The platform helps large B2B enterprises optimize and manage their pricing strategies to improve profitability.

Key features:
- AI-powered Price Optimization: Utilizes machine learning to recommend optimal prices based on various factors.
- Price Analytics and Insights: Provides detailed analysis and visualization of pricing data.
- Automated Price Setting: Enables automatic price updates based on predefined rules and market conditions.
- Quoting and Deal Management: Facilitates the creation and management of quotes and deals.
- Rebate and Promotion Management: Allows for the creation and tracking of rebates and promotional offers.
- Channel Pricing: Manages pricing across different sales channels, including ship & debit claims handling.
- Sales Compensation Management: Tracks and calculates sales team compensation.
- List Price Optimization: Optimizes list prices for products and services.
- Formula-based Pricing: Supports complex pricing formulas for process manufacturers.
- Competitor Price Tracking: Monitors and analyzes competitor pricing.
- Visual Price Waterfall Analysis: Provides graphical representation of price components and margins.
- AI-driven Product Recommendations: Suggests relevant products based on customer behavior and preferences.
- Pricing Simulations and Forecasting: Allows users to model different pricing scenarios and predict outcomes.

How it works:
1. Pricefx ingests a company's pricing, sales, and cost data.
2. The platform processes this data using AI algorithms.
3. Users access the system via a web interface to set pricing strategies.
4. The AI engine optimizes prices based on factors like costs, demand, and competitive data.
5. Sales teams receive AI-guided price recommendations during quoting.
6. Users can generate quotes, automate price updates, and analyze performance through dashboards and reports.

Integrations:
SAP S/4HANA (Premium Certified integration), other major ERP and CRM systems

Use of AI:
Pricefx leverages machine learning, neural networks, and generative AI to power its price optimization and recommendations. It employs a "clear-box AI" approach for transparency, using proprietary algorithms developed by the company.

AI foundation model:
The AI engine is built on proprietary algorithms developed by Pricefx, rather than using a publicly available foundation model.

Target users:
- Large B2B enterprises
- Companies in manufacturing, distribution, and process industries
- Retail and e-commerce businesses

How to access:
Pricefx is available as a cloud-based SaaS platform accessible via web browser.

Applicable industries:
Manufacturing, distribution, process engineering, retail, e-commerce