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### Pricing Strategy and Optimization
Users generally praise Pricefx for its robust pricing strategy and optimization capabilities. They appreciate the flexibility and customization options available for rule-based pricing and dynamic pricing needs. While some users find the system easily accessible and beneficial for pricing analysis, others highlight the software's ability to establish and strengthen pricing processes. However, there are concerns raised about Pricefx's limitations in handling global organizations with diverse pricing models. Despite this, the overall consensus is positive, with users acknowledging Pricefx's contribution to improving pricing strategies and maximizing profits through effective pricing management and optimization.

### Pricing Model Development
Users appreciate Pricefx's pricing model development capabilities, particularly highlighting the platform's rule-based pricing and dynamic pricing features. While some users express concerns about the limitations in fully customizing pricing contracts, the majority find value in the individualized approach and standard modules offered by Pricefx. Additionally, users acknowledge the platform's ability to support unique business needs and foster collaboration within pricing teams. Despite some challenges in handling global organizations with diverse pricing requirements, Pricefx's pricing model development functionalities are generally well-received by users.

### Pricing Flexibility and Adaptation
User feedback on Pricefx's pricing flexibility and adaptability varies, with some highlighting the platform's ability to cater to diverse pricing models and meet client needs effectively. Customers appreciate the flexibility to customize pricing and promotion capabilities according to their organizational requirements. However, there are concerns about the level of customization leading to inefficiencies and the need for a more standardized approach to common pricing challenges. Despite some mixed opinions, Pricefx is generally commended for its flexibility in adapting to changing business circumstances and providing a cost-effective solution.

### Implementation and Project Management
User feedback on Pricefx's implementation and project management capabilities is diverse, with some users praising the agile framework and dedicated team for their support and flexibility. However, there are concerns raised about the speed of implementation, high turnover within the vendor's staff affecting project management, and the need for improved training methods for new users. Despite some positive aspects, such as the configurable software and continuous feature updates, there are consistent calls for better communication and collaboration between the company team and Pricefx to enhance the overall project planning and execution process.

### Pricing Software Integration
Users consistently highlight Pricefx's pricing software integration as a key strength, emphasizing its ability to seamlessly integrate with complex ERP systems and provide a global solution approach. The software's flexibility and ease of adaptation to changing business circumstances are also frequently commended. Additionally, users appreciate the proactive support from Pricefx's key account managers in resolving any integration-related issues, further enhancing the overall user experience.

### Customization and Configuration
Users generally appreciate Pricefx's configurator and customization capabilities, although some express concerns about limitations and complexities in customization options. While the tool offers ease in processing vast amounts of data and integrates well with other systems like Salesforce, users find that full customization can be somewhat restricted, particularly when dealing with unique pricing contracts. Some users feel that the significant flexibility in customization can lead to unnecessary variations and complexities, suggesting that a more standardized approach might be more efficient for common issues. Additionally, there are challenges reported with user management, UI friendliness, and browser compatibility, impacting the overall user experience with Pricefx's customization and configuration features.

### Sales and Customer Management
Users generally appreciate Pricefx's sales and customer management capabilities, particularly highlighting the software's ability to streamline communication between sales teams and provide valuable insights for customer interactions. While some users mention areas for improvement, such as the need for better integration between account, project, and customer success teams, overall, Pricefx is recognized for its effectiveness in managing sales processes and customer relationships.

### Team Collaboration and Support
Users generally appreciate Pricefx's team collaboration and support capabilities, highlighting the dedication and responsiveness of the team members. While some users have mentioned a need for improved consultancy and expertise in pricing, overall, the consensus leans towards positive experiences with the support provided by Pricefx. The flexibility of the modules to meet unique business needs and the continuous support from the Customer Success Team are also noted as strengths in enhancing collaboration and assistance for users. However, there are occasional mentions of challenges related to working with new team members and some issues with certain implementation team members. Despite these minor setbacks, Pricefx's team collaboration and support efforts are generally viewed favorably by users.

### Business Impact and Performance
Users have varying opinions on Pricefx's business impact and performance capabilities. While some users appreciate the tool's reasonable performance and the team's business-oriented mindset, others have raised concerns about performance issues, especially when handling a large amount of data. The software's flexibility and the boost in price performance have been highlighted as positive aspects, but there are also mentions of challenges with system performance and user management. In conclusion, the overall sentiment regarding Pricefx's business impact and performance is mixed, with both strengths and areas for improvement noted by users.

### Pricing Analysis and Reporting
Users consistently highlight Pricefx's pricing analysis and reporting capabilities as a key strength of the platform. The advanced analytics, user-friendly dashboards, and efficient data ingestion processes have garnered positive feedback from reviewers. Despite some initial challenges with data integrity and transitioning from previous systems, users appreciate the value and insights gained from Pricefx's pricing analysis and reporting features.

### Data Management and Transparency
Users generally praise Pricefx for its data management and transparency features, highlighting its ability to centralize data, provide pricing transparency, and streamline pricing processes efficiently. The platform's capability to structurize pricing logics and offer a single source of truth for pricing information has been well-received. Additionally, users appreciate the ease of learning and implementation, empowering them to make informed pricing decisions without the burden of manual processes or reliance on Excel files. Pricefx's integration with SAP and SalesForce further enhances data flow and user experience, contributing to increased efficiency and user adoption. While some users find room for improvement in areas like real-time tracking of price changes and calculating overall ROI, the overall sentiment leans positively towards Pricefx's data management and transparency functionalities.

### Automation and Efficiency
Users generally praise Pricefx for its streamlined automation and efficiency features. They appreciate the proactive approach to avoiding margin erosion and the time-saving benefits of automated processes. However, some users have expressed concerns about the time-consuming nature of software upgrades and have suggested the need for more efficient internal testing solutions. Despite these challenges, the overall consensus leans towards Pricefx's automation and efficiency capabilities being a strong asset in enhancing productivity and pricing transparency for businesses.

Based on user feedback, here are three common recommendations for using Pricefx:

1. Start the journey with strong executive support and external help in designing new processes. This ensures a smooth implementation and maximizes the benefits of Pricefx.

2. Have a clear process and roadmap in place, supported by a good IT team. This facilitates efficient use of the product and minimizes potential challenges during implementation.

3. Seriously consider Pricefx as a pricing tool, as it offers great support and limitless customization options. However, it is important to note that technical support may not be at a high level and teams may change frequently.

These recommendations, based on user experiences, should be taken into consideration when evaluating the use of Pricefx as a pricing solution.

User-friendly Interface: Reviewers have consistently praised Pricefx's user interface, finding it intuitive and easy to navigate. Some users have even compared it to a 21st-century Excel product. 

Flexibility: The flexibility of the software has been highly valued by many reviewers, who appreciate its ability to be customized to meet unique business needs. Users appreciate being able to work with the tool without having to open a request and wait weeks or months for their requests to be changed or solved.

Responsive Customer Service: Many users have appreciated the technical team's support provided by Pricefx, commending their patience and accommodation during program design and development. Additionally, they found Pricefx's partnership approach refreshing, which was seen as a departure from the typical vendor-client dynamic.

Pricefx headquartered in Pfaffenhofen offers dynamic pricing software solutions for ecommerce retailers.

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Get to Know All About Pricefx

In this video, we answer everything you need to know about Pricefx - who we are, what we do, and how that helps you. Get to know all about Pricefx, today!

0:00 Intro
0:50 Who is Pricefx?
1:07 What do we do?
1:35 What are the Plan, Price and Profit Packages?
2:05 How much does our software cost?
2:43 When can I expect to see results and what’s the ROI?
3:06 What is the implementation process like and how long does it take?

Our Website:
https://www.pricefx.com

Learning center:
https://www.pricefx.com/learning-center/

Take the next step and to start getting your data ready:
https://www.pricefx.com/learning-center/phases-pricing-software-project-explained/

Pricefx 2021-11-25 03:50:01

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

User experience

Learning curve

Steep learning curve

External data

Home

Pricing Optimization Software

We [use] Pricefx for dynamic pricing of leisure tickets based on a customized algorithm [that important] real-time data like weather, bookings, and user characteristics. We are using different [models] to forecast volume and revenue, optimize prices[,] and provide APIs for external partners. Our solution is in use for online webshops and [cash-desk] operations.

Integration of external data[.]
Pre-calculation of prices based on an customized algorithm[.]
Simulation and forecasting of volumes and revenue[.]

Stability and reliability[.]
Performance
User Experience (steep learning curve)[.]

Integration Manager to connect external data sources[.]
Live Price Grid to (re-) calculate prices based on events[.]

Subscription model to decrease up-front cost[.]
Increase in online ratio of bookings[.]

Pricefx

Overview

What is Pricefx?