Thinking of leveraging analytics in your pricing processes but don’t want to be overwhelmed by complex data analysis tools? Want to find ways to better leverage the work of your data science teams? Do you wish there were an easier way to analyze your pricing strategies and make data-driven decisions? Look no further than Pricing Accelerator.
Pricing Accelerator leverages the powerful analytical capabilities of the Earnix platform and provides pricing managers and decision makers an easy-to-use pricing management workflow, that leverages underlying data and models. Dynamic simulations enable you to perform What-if analysis and create new strategies without the need to extract data from your legacy tools. Partner this with easy to consume visual dashboards and table reports, and you can get the full picture of your pricing strategies, empowering you to make informed decisions.
What’s in it for you?
Making sound pricing decisions for a financial institution involves ongoing analysis of significant amounts of data. This could be for determining how to increase their lending portfolio or to gain a competitive advantage in their market. However, this can be challenging for many financial institutions as they may not have the resources to handle such data analysis.
One of the key features of Pricing Accelerator is turning complex data and analytics into actionable insights. Without the need for extensive analytical knowledge, pricing managers can quickly explore various pricing strategies and their potential impact on their business by running scenario-based simulations.
Another key feature of Pricing Accelerator is its ability to provide visual analysis of pricing strategies. You can analyze your current "Live" strategy on selected KPIs such as margins and volumes and then compare predicted results of your proposed strategies. With this information at your fingertips, pricing committees and management can make data-driven decisions on the best way forward, in real-time.
For pricing committees, you can use Pricing Accelerator for pre-reads, live scenario analysis, and decision support. Pricing managers can use it for strategic analysis, monitoring predicted vs. actual results, and A/B testing – results analysis. With Pricing Accelerator providing summary reports that analyze and compare business strategies and their impact on selected KPIs, you are greatly decreasing your chances of finding yourself mired in ambiguity.
In summary, Pricing Accelerator is an easy-to-use pricing management workflow that leverages your existing data and models. Its visual dashboards, dynamic simulations, and reusable templates make it an ideal tool for pricing committees and managers. With Pricing Accelerator, you can analyze and compare business strategies, perform What-if analysis, and make data-driven decisions in real-time. Get in touch today and discover the art of the possible with your data and models.
At Earnix, our job is to make every aspect of pricing and product personalization more intelligent, dynamic, and interconnected so your mission-critical teams can focus on strategies that will help your organization thrive. We are the engine that accelerates time to market and enables real-time insights and response. And we are the brains that inform more future-forward strategies and pricing/product innovations.
To read the press release announcing Pricing Accelerator please click here.