Earnix Pricing Accelerator: A Powerful Pricing Management Workflow with Simulation Capabilities.
Pricing Analytics for Lenders: Bridge the Gap Between Sophistication and User-Friendliness
Lenders around the world look to AI-powered pricing analytics to handle market volatility and respond to competitive shifts. However, using complex data analytics tools may sound overwhelming to many business and pricing managers. With Earnix Pricing Accelerator, it is not necessary to call IT teams and data scientists to the rescue more often than they would like to.
No Extensive Analytical Knowledge Required - Simple User Interface
With Earnix Pricing Accelerator, pricing committees, product, and business managers can:
- Run scenario-based simulations and optimizations
- Perform visual analysis of pricing strategies
- Compare past and current pricing strategy's performance
- Eliminate internal dependencies
- Make data-driven decisions in real-time
Deploy updated prices before the competition can even schedule a meeting between their data scientists and the pricing team.
Pricing Accelerator leverages the powerful analytical capabilities of the Earnix Price-It™ platform while offering dedicated role-based workflows for pricing managers, finance, legal, risk, and compliance teams to improve collaboration and allow for data-driven and frequent rate updates.
Visual Dashboards and Reporting
Pricing managers and pricing committees often struggle to track the performance of their pricing strategies, making it hard to determine which strategies are working and which are not. The visual dashboards and table reporting capabilities of Pricing Accelerator help them monitor the performance of their executed pricing strategies in a single view.
Dynamic Scenario Simulation
Without the ability to run what-if analysis of pricing strategies, pricing managers may be unable to determine the best course of action to take. Dynamic simulation capabilities, based on predictive analytics, allow the pricing manager to run simulations on different pricing scenarios, providing a clear understanding of how the strategies are likely to perform - all without the need to extract data from your legacy tools.
Direct Access to Data and Analytics
When data and models are not easily accessible, it can be challenging for pricing managers to make informed decisions. Pricing Accelerator is directly connected to Earnix Price-it data and analytics, enabling pricing mangers to use advanced analytics in exploring various pricing strategies and their potential impact on their business without the need for extensive analytical knowledge.
Pre-Built Templates and Reports
Creating new pricing strategies from scratch can be a time-consuming process, especially when dealing with multiple data sets. The reusable templates and out-of-the-box user flows for creating different pricing scenarios, performing data analysis and building summary reports allow the pricing manager to easily create new pricing strategies and share them with the pricing committee, saving time and reducing errors.
Discover Earnix
Price-It™
Price-It offers a single-platform solution with price modeling, optimization, automation, and deployment capabilities. Price-It allows lenders to bring personalized and innovative products to market faster while ensuring strong governance and regulatory compliance.
Pricing Accelerator - a simulation and reporting workflow with a simple UI - is designed to complement the Price-It solution by simplifying complex data and analytics and turning them into easy-to-understand, actionable insights.
About Earnix
Earnix is a global provider of real-time, AI-driven dynamic pricing, product personalization, and digital decisioning solutions for financial services industry including consumer lending, auto finance, mortgages, and more. Our agile pricing engine makes personalized offers a reality, shortening time to value and closing the business before competition can react.