{"id":5459,"date":"2022-04-01T14:30:00","date_gmt":"2022-04-01T14:30:00","guid":{"rendered":"https:\/\/flintfoxisv.wpengine.com\/?p=5459"},"modified":"2024-10-02T05:01:49","modified_gmt":"2024-10-02T05:01:49","slug":"price-management-guide-2","status":"publish","type":"post","link":"https:\/\/www.enable.com\/resources\/articles\/price-management-guide-2\/","title":{"rendered":"What is Price Management"},"content":{"rendered":"\n

It is managing product pricing, being able to identify upsell or cross opportunities, and preventing margin erosion with ease.<\/p>\n\n\n\n

However, attempting price management with internally developed spreadsheets and database tools will no longer provide a competitive edge for your business.<\/p>\n\n\n\n

Adds more levels to your pricing without the admin headache<\/h3>\n\n\n\n

Think in terms of the construction of a building. Is it only two storeys? A two-storey building can make do with a staircase. But what if you wanted to add another four storeys?<\/p>\n\n\n\n

You will find yourself huffing and puffing your way to level six, praying for an elevator to appear.<\/p>\n\n\n\n

Pricing software is your elevator. It elevates your ability to handle more complexity in your pricing. It gives you the power to use a combination of discount-based components, such as dollar or percentage off based on volume breaks or total spend, and upcharge components like freight charges.<\/p>\n\n\n\n

Automating this activity with price management software reduces the risk of margin erosion.<\/p>\n\n\n\n

Delivers accurate pricing decisions and real-time pricing updates<\/h3>\n\n\n\n

With pricing software<\/a>, your Sales team is able to make the right decisions when it comes to discounting products to win a new customer.<\/p>\n\n\n\n

With pre-planned price discounts already in the system, a Salesperson can select available discounts as they enter the order. They no longer have to rely on remembering what discounts are available and when they can apply them.<\/p>\n\n\n\n

Price management software also reduces the amount of time your team spends on pricing administration. <\/p>\n\n\n\n

Any changes to your pricing rules or promotional and customer pricing can be made quickly and are applied immediately.<\/p>\n\n\n\n

Why price management software is the answer<\/h3>\n\n\n\n

However good you think your current pricing system is, you have an uphill battle to remain competitive if you\u2019re still using spreadsheets.<\/p>\n\n\n\n

Errors can erode your profits, and time delays in communicating price changes can cost you the opportunity to react to a change in the market.<\/p>\n\n\n\n

Pricing software gives you better control over your pricing and how it is used to win a new customer.<\/p>\n\n\n\n\n\n

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Want to Learn More About Flintfox?<\/h2>\n

Reach out to us, and a member of our dedicated sales team will get in touch with you shortly. We’re excited to help you explore how Flintfox can meet your pricing needs.<\/p>\n

\n \n\n Let’s Talk<\/span><\/a>\n <\/div>\n <\/div>\n <\/div>\n
\n
\n \"Thank you\"\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

The most effective way to manage the balance between financial risk and revenue.<\/p>\n","protected":false},"author":9,"featured_media":5460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[54],"class_list":["post-5459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-pricing-strategy"],"acf":[],"yoast_head":"\nWhat is Price Management — Enable<\/title>\n<meta name=\"description\" content=\"What is Price management? It's the most effective way to manage the balance between financial risk & revenue. 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