Smart Price Optimization and Management (POM)
Key Capabilities
Smart Price Optimization and Management is an omnichannel pricing solution that defines pricing strategies, manages prices across multiple channels and geographies, governs pricing approval processes, provides analytics and insights to help manage revenue and profit, and delivers prices in real-time across multiple channels. Smart Price Optimization and Management is available for purchase in the three editions below:
Great for businesses that need to create holistic, omnichannel pricing strategies and power their digital sales channels.
Great for businesses that want to be equipped to respond the fastest to changing market patterns, with the best price, to win business and improve revenue and profitability.
Great for businesses that want to inform their pricing strategies with demand and capacity forecasting or even their own first-party data science capabilities; and drive more of their business to self-service channels.
Full Edition Comparison
Standard and Customer-defined Unit of Measure Conversions
Leverage standard conversion rates between different units of measure. Execute automatic conversions between units for charts and price lists.
Tiered/Scaled Pricing
Manage volume discounting by defining price scales based on the volume / revenues of units sold. Ability to choose the calculation method and displayed offset type.
Standard and Customer-Specific Unit of Measure Conversions
Define and manage the conversion rates between a default unit of measure and alternative units of measure for specific Products and Customers. Display all Products in designated price lists for specific Customers in predefined units of measure.
Omnichannel Price List Management
View, define and manage price lists for one or more channels (direct sales, partners, eCommerce, etc.), regions, Products, or Customer segments, to operationalize pricing strategy execution and rationality across sales channels.
Price Strategy Management
Build and manage dynamic pricing strategies. Simulate various pricing inputs to help refine and adjust pricing strategies.
Leader-follower Pricing
Define and manage price item relationships to maintain rationality when performing mass adjustment of prices.
On-Demand Currency Conversions
Define, manage and convert automatically price lists, charts, and price evaluations for ISO-supported currencies.
Mass Price Change
Perform scheduled price updates based on updated pricing strategies, costs changes and competitive pricing. Review and approve latest pricing and publish to Customer’s ERP.
Multi-tiered Approval Workflows
Price governance via multiple levels of approval workflows, including routing of price approvals based on pricing thresholds to specific roles.
Revenue and Margin Analytics
Predictive pricing models, configurable charts, and dashboard views. Ability to choose different data display options, filters, groupings and to zoom in on data and comparison tools. Intuitive workflow navigation between charts and price lists.
Price List Scenario Analytics
Create and compare different pricing strategies. Analyze outcomes via aggregated summary metrics (KPIs) and inline analytics.
eCommerce Integrations
eCommerce integration via standard APIs.
Real-time Price Delivery
PROS Pricing Evaluation API to power sales channels with real-time delivery of pricing information.
(Up to 1M monthly price requests*)
(Up to 3M monthly price requests*)
(Up to 10M monthly price requests*)
Commodity-based Pricing
Manage pricing strategies based on commodity index feeds, including averaging index pricing by days or months and calendar management for holidays and exceptions.
Sales Agreement Price Sync
Automate multiple price changes as a set across existing Customer agreements, with necessary reviews and approvals from Sales and Pricing stakeholders. (Requires Advantage edition or higher of Smart Configure, Price, Quote)
AI-Driven Price Optimization for Negotiations
Deliver tailored price recommendations for sales negotiations, based on AI segmentation model(s) from supported metrics that considers historical transactions, Customers' willingness to pay and third-party data.
AI-Driven Price Optimization for eCommerce
Deliver optimized dynamic prices for eCommerce and digital self-serve channels, based on AI segmentation model that considers historical transactions, Customers' willingness to pay and third-party data.
Demand and Capacity Forecasting
AI-based forecasting and optimization in the transportation and logistics industry and commodity industry.
Capacity-aware Price Optimization
Deliver tailored prices based on AI segmentation models, taking available capacity into consideration through PROS’ data-driven revenue management solution.
Extensible AI
Host customer-trained optimization models to tailor pricing and selling recommendations, and return results which can be orchestrated and integrated with other PROS’ services and PROS’ AI-driving price optimization models.
*Additional Features Available: The Ultimate edition of Smart Price Optimization and Management include additional features and capabilities not listed here, including but not limited to, personalized integrations, reporting, and data science-based algorithms. Additional Real-time Monthly Price Requests can be purchased separately. Please contact sales to discuss additional features and capabilities available.
We strive to be transparent about our product editions and the limits that apply and hope you find this catalog useful. Please note that the fees we list here are subject to applicable taxes and that all purchases are subject to the terms of service.
We periodically update this catalog, so please check back here for current information. If you’re looking for definitions of the terms used here, see our terms of service. If you have any questions, please contact sales.