Pricefx Reviews & Product Details

Pricefx Overview

What is Pricefx?

Pricefx is the pioneer of cloud-based pricing software including price management, price optimization, and CPQ solutions. Our solutions are highly configurable to suit any industry and pricing strategy and can be implemented quickly with no upfront investment or risks. Our suite includes: PriceAnalyzer: Gain accurate insights into your pricing, margins, customer, and product segments while analyzing and identifying pricing opportunities. PriceOptimizer: Analyze and generate segment-specific optimized pricing and push it to your price lists, CPQ, ERP, and Digital Commerce systems. PriceBuilder: Define and manage your pricing strategy and calculate, simulate and publish all types of product prices. PromotionManager: Manage promotions, discounts, campaigns, and special pricing, at any level of complexity, from one place. QuoteConfigurator: Empower your sales team to respond to requests faster, quote with high accuracy and confidence, and win more deals. RebateManager: Create, calculate, track and manage rebates, bonuses, and credits while integrating with your accounting system. PlatformManager: Integrate Pricefx’s suite of solutions with most third-party systems and enable bi-directional exchange of master and transactional data. ChannelManager: Eliminate complex claims and ship & debit processes. Validate your distributor claims management with speed and accuracy.

Pricefx Details
Website
Languages Supported
Czech, German, English, French, Polish, Russian, Spanish, Turkish
Product Description

Configure, Price, Quote (CPQ) and full suite price management: analytics, price setting, configuration, quoting, rebate and contract management. Commercially fair, simple, flexible, scalable, proven. Try our risk free cloud-based pricing software solution with no commitments.

How do you position yourself against your competitors?

Pricefx’s solutions are easy-to-use and tailored made for your environment with 100% flexible configuration that easily integrates with CRM, ERP, and data warehouses.

You’ll have complete visibility and ownership of your price calculation rules and all your data. You can easily make price adjustments, update price rules, change competitive data and change customer segments.

Our solutions are fast to implement, flexible to adapt and friendly to use. You have no upfront investments in hardware and no risks with our 100% native cloud-based solutions. We will work with you and for you to ensure a successful implementation that fits your business needs.


Seller Details
Seller
Pricefx
Company Website
Year Founded
2011
HQ Location
Chicago, IL
Twitter
@Price_fx
5,483 Twitter followers
LinkedIn® Page
www.linkedin.com
302 employees on LinkedIn®

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Pricefx Reviews

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Global IT Director - Sales Force & Pricing Solutions
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
What do you like best?

The DNA of the company & the service to the customer.

They are quick to implement new feature and their product can evoluate during the journey. Review collected by and hosted on G2.com.

What do you dislike?

The lack of Pricing expertise to support the customer is the design of the configuration. It's hard for customer to see how to manage his future process in the system without advice of the editor. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Be clear on what you want to achieve at the beginning and potentially challenge Price Fx to have business support in the implementation.

Else you would be face to IT people to set what you ask which would didn't adivce you in your choice. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

A solution to support our new pricing model based on a mix of optimization and rules.

The benefits was mainly the time to build the solution and the capability to test ASAP our new model to see if it works. Review collected by and hosted on G2.com.

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Manager - Pricing Solution
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
What do you like best?

Agility and adaptability of pricefx to incorporate new functionalities is simply amazing. Pricefx is constantly updating on new functionalities based on customer feedback is result of new features available in short turn around time. Review collected by and hosted on G2.com.

What do you dislike?

Currently nothing specific to dislike,.. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Pricefx as team and as a products is amazingly friendly, easy to operate and adapt. As an application, ability to re-design customer specific fucntionalityt along with standard functionalities is limitless. Their idea of plug & play with just seamless. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

1. Move away with Legacy or Excel to manage Complex Pricing

2. More transparent and Global approach when working with 100+ countries

3. Seamless Integration with complex ERP landscape

4. Global Solution approach

5. Tool is Easy & Flexible to adapt to changing business circumstances Review collected by and hosted on G2.com.

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Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
What do you like best?

Very flexible solution

Price f(x) team is always very dedicate and attentive to the business needs

Cost-effective solution Review collected by and hosted on G2.com.

What do you dislike?

Price f(x) could improve the training methods to new users. Maybe offer 1 or 2 sessions prior to the beginning of the project, explaining the structure and the data flow inside the system (it is not very user-friendly at first sight).

Customer is not able to program the system alone - the support of Price f(x) or a certified local partner will always be required to do any kind of change or enhancement in the logic after the project period. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Have all the logics and functionalities fully designed, described and approved before the beginning of the project

Allocate adequate resources (infrastructure / time / people) for the project period - customer will need to give the inputs, validate, test and explain all to the Price f(x) team during the project period. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Managing new Price Lists with transparence

New approval workflow on the system

Dashboards to calculate impacts on revenue of any price change

Easy management of historical data (user-friendly storage of approved prices on the system) Review collected by and hosted on G2.com.

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AM
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Price FX provides flexibility of the ecosystem. The tool has a reasonable performance. The Price FX team has usually business oriented mindset of the (including configuration engineers, architects and project managers). Everything is at quite a reasonable cost of design and implementation. Possibility to start as a stand alone solution - as a pilot, which already can deliver a lot of value. It helps to think about pricing processes that the company would like to implement, prepare some kind of draft of them and check how they work out in reality, without major risk or expenditures. Review collected by and hosted on G2.com.

What do you dislike?

Many logics and functionalities are required to be designed from scratch and there are not too many of them being predefined. It is partly due to a large variety of applications in different companies, industry specific processes, but also (relatively low) maturity of the whole CPQ market. I would recommend to use external help (consulting company) to design the best use cases of the tool and draw a very general architecture together with IT team. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

This is a CPQ tool that is worth considering at any pricing maturity stage. It helps to design and implement new pricing processes, implement alternative price models, pricing governance. It can give a great feedback about your pricing power and performance to the top management. Definitely the journey should start from the strong executive support from the top management, but that's a different story. The external help (another 3rd party vendor) in designing the new processes would be recommended. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Measurement of pricing KPIs, global transparence. Logics and suggestions of improved pricing performance in line with the corporate strategy. Improved sales bridge structure and return on sales (profit and loss contribution). Review collected by and hosted on G2.com.

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Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

Good project management (using agile framework)

Flexible solution to attend specific business requirements Review collected by and hosted on G2.com.

What do you dislike?

User guides and customizing documentation was not defined as project delivery. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

- Managing new Price Lists with transparence

- New approval workflow on the system

- Dashboards to calculate impacts on revenue of any price change

- Easy management of historical data (user-friendly storage of approved prices on the system)

- Do not use Excel file anymore to PRGM processes. Review collected by and hosted on G2.com.

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Head of Cross Category Function
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

1. Clearly defined modules

2. Support to get things done

3. Customer interaction with Top Management Review collected by and hosted on G2.com.

What do you dislike?

1. It would be nice if they had a pay as you go model for modules we don't want to use regularly. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It's one of the best tools in the market. They have a very dedicated team behind and this is the key to where they are today. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

1. Price Transparency

2. Price Simulation

Our greatest challenge was to have transparency of what happens to our business due to pricing and we have been able to achieve this critical step with PFX Review collected by and hosted on G2.com.

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IR
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

The amount of detail they went through is commendable Review collected by and hosted on G2.com.

What do you dislike?

The Price builder in my view is a glorified excel really and does not really add that much value. Only if this was tracking the changes real time with respect to the data that is sent and providing us with the value add then it would be a great tool . We ahve those recommended price changes in there but we are not calculating the overall ROI from this information which is sad because this would define the entire systems ROI. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Ensure you have a clear process and roadmap with good IT team that can pull all the data. This tool can do what you want if you know what it needs to do. A lot of input from the user necessary. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

No benefits realized yet, trying to get to an optimal price for a B2C and B2B environment. Review collected by and hosted on G2.com.

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Business Intelligence Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

I really like the flexibility of the tool. How easy to customize the tool based on the organization requirement. Support provided by the Technical Team is outstanding. I like the email notification feature. We use that feature a lot. Its very helpful for the executive to approve the quotes while on the fly. Moving quotes between the users really help us to govern the prices. Review collected by and hosted on G2.com.

What do you dislike?

User Management can be more improvised. Its really difficult as an admin to assign User roles and User Groups to the Pricefx user when the count is more than 100 users. UI can be more user friendly. Quote configuration can not be highly customized. There are limitations on adding and renaming columns on the Quote Configurator screen. We also have browser compatibility issue. In our organization, we use internet explorer a lot. Since unity does not support IE, We have to force users to switch to different browser to avoid performance hit.

Sometimes we hit build issue with the quotes when user revise the quote using older quote. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Its flexible. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Pricefx is one of the major tool in our organization. It help us for the Price Management. To track the quotes. Workflow feature minimize the quote discussion between the users. It help us to maintain the historicity of the prices provided to different customers. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

PriceFx connected very easily to SAP and SalesForce allowing data to be sent between the 3 systems. PriceFx was very quick to implement and the sales team found it very intuitive to use increasing the user adaption speed. Review collected by and hosted on G2.com.

What do you dislike?

When you are implementing you need to ensure you have your processes mapped out and very detailed user stories to ensure there is a clear understanding between PriceFx and you team. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

PriceFx manages quotes and contracts reducing the time the sales team spends reviewing and approving quotes. PriceFx ChannelManager will automatically reconcile our contracts with customer rebate requests, increasing the accuracy and speed of our processing. Review collected by and hosted on G2.com.

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Domain Consultant
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

The tool is really flexible to accommodate nuances of big businesses with capability to set different level of control for governance Review collected by and hosted on G2.com.

What do you dislike?

the transition for average user from excel based pricing to application executed pricing can be a jump rather than a gradual ramp Review collected by and hosted on G2.com.

Recommendations to others considering the product:

The functionality coverage is high and being as saas product all good things are available to you in every new release. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The main issue we are solving is lack of control we had among various region in the business. Pfx has brought governance and visibility to their operations Review collected by and hosted on G2.com.

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AE
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

skilled people, userfriendly cockpit easy to adapt to other systems as well Review collected by and hosted on G2.com.

What do you dislike?

the time of ticket resolution

People to involve every time Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Problem of communication

the benefit of a really good tool Review collected by and hosted on G2.com.

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Product & Pricing Manager EMEA
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

-a tool that is specially adapted to our pricing needs

-price f(x) is fast in reaction and implementation (agile too)

-the great further development-oriented team is extremely customer focused which gives us the opportunity to further develop our system according to our pricing needs in an agile environment. Review collected by and hosted on G2.com.

What do you dislike?

-Software upgrades require time consuming internal tests. An automated internal price f(x) test solution would be a great solution! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

-pricing transparency in order to comply with audit-relevant topics

-Illustration of various complex pricing procedures and pricing strategies Review collected by and hosted on G2.com.

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EE
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Easy to implement, uses agile approach and SaaS company. Review collected by and hosted on G2.com.

What do you dislike?

Price Fx needs to hire more pricing specialist on the Price Fx team. The technical team is not proficient in how pricing works in our industry. A lot of training time involved. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Price Fx is a SaaS Pricing management tool. It will help consolidate our various excel and other files into 1 source of truth. Review collected by and hosted on G2.com.

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IB
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Flexibility of the modules to meet our unique business needs, team members' intellectual curiosity to explore new ideas and approaches to problems in partnership with our team, responsiveness of the Pricefx team members to issues and challenges. Review collected by and hosted on G2.com.

What do you dislike?

The significant level of flexibility can lead to too much variation and customization where a standard approach to questions/problems that are fairly common across customers would be a faster and more efficient way to accomplish the objective i.e. why re-create the wheel. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Faster identification of profit leaks and pricing opportunities, process improvements and centralization of rebate management, improved price data visibility and maintenance Review collected by and hosted on G2.com.

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UE
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Connectivtity with other systems via API by using their powerful Integration Manager

High engagement and reacitvity of the staff during high-season

Consultancy provided by Price F(X) staff Review collected by and hosted on G2.com.

What do you dislike?

Usability of the backend needs improvements Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Establishing dynamic pricing for Ski-Resorts in Switzerland.

We were able to increase the ratio of online bookings significantly by introduction this new pricing approach with Price F(X) and our customers. Review collected by and hosted on G2.com.

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Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Flexibility to customize Price Fx Solution to our organizations requirements. Continuous support from the Customer Success Team of Price Fx. Review collected by and hosted on G2.com.

What do you dislike?

Some of the functionalities could be made out of the box for specific industry verticals. I think Price Fx already working on this. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are using Price Fx Quote Configurator globally to optimize our pricing to customer which could improve our margin. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Flexibility of the system and speedy service of staff. Review collected by and hosted on G2.com.

What do you dislike?

Not be able to program system by myself. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Simulation of existing pricing structure wit the new system. Simulation result is calculated very fast. So, several optimizations could be done in a short time. Now, structure fits to each single customer. Review collected by and hosted on G2.com.

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Financial Planning Director
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Transformational tool that has helped us improve our pricing and portfolio optimization decisions, the tool works great and customer support from Price Fx is outstanding Review collected by and hosted on G2.com.

What do you dislike?

Nothing, the tool and service are great for us Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Pricing, portfolio optimization Review collected by and hosted on G2.com.

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UW
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Ability to view essential information in on location- Quote Configurator Review collected by and hosted on G2.com.

What do you dislike?

Helpdesk turnaround time for resolutions Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Maintains data of previously priced quotes, easy access when revisions are requested. Review collected by and hosted on G2.com.

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Sr. Manager Technical Product Manger
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

I had the opportunity to work with Price F(x) when I was searching for vendors in the pricing space and the honestly and agility of the company was something which won me over. Review collected by and hosted on G2.com.

What do you dislike?

Nothing at this point, I have to reevaluate them. What I did dislike about them was the follow up, when we were still figuring out options, we stopped hearing from them. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are yet to implement the same but looking forward to hear about what new things Price f(x) has added to their portfolio during the past 1 year. I am currently looking to get into an Enterprise pricing solution for whole of GE Healthcare which is a 55K+ employee company with a $20BN worth of revenue. When we last reviewed Price f(x), they were very promising but we swayed away from them due to few functionality gaps but they were very close to their leading competitors on our vendor evaluation. Review collected by and hosted on G2.com.

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AP
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

The quick way to create and manage the prices. The quick response of the database even with really big amount of records. The easy way to integrate with Salesforce because for the users were easy to adapt to the tool, and sales team was comfortable creating quotes, and tracking the status of them. Review collected by and hosted on G2.com.

What do you dislike?

I would like to have a easier way to make enhancements and implementations because it's expensive for my region, Latin America Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The time to create and update prices, the approval workflow is much easier to update and to manage. It's a best way to control the costs and total number through the reports showed Review collected by and hosted on G2.com.

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AM
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

The different price list logics make it easy for us to calculate services for different countries. Review collected by and hosted on G2.com.

What do you dislike?

With our latest project, we have solved together with the Price f(x) team the issues that we had. So therefore, at the moment there is nothing that would qualify as a dislike. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The prices for service packages depend on the related machine, the contract duration, the intensity of usage and last but not least the country in which the service will be delivered. With Price f(x) we can use our available technical data to do pricing for many different countries. Review collected by and hosted on G2.com.

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AM
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

solution proposed are flexible and customer oriented Review collected by and hosted on G2.com.

What do you dislike?

standard layout and solution proposed are not user friendly Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Technical support is not high level and teams that follow you change continuosly Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

we are able to monitor price increase Review collected by and hosted on G2.com.

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AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 Gives Campaign
What do you like best?

Price f(x) has always been innovative and forward thinking giving us the ability to make the system work for our company. The team is committed and motivated to to help improve pricing functionality within your organization and has the ability to customize across divisions. Review collected by and hosted on G2.com.

What do you dislike?

Often times there are too many ways to accomplish the same goal and the amount of options can make it challenging to know which direction is the best direction. I see an improvement with this already as they begin to use a new project management concept in moving forward with our enhancements. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Great team, great company, always ready to take on a new challenge and meet your pricing needs. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are in the process of enhancing the way we use the software and hope to start having more analytical perspective on pricing. We hope to get formula and market based pricing set up for ease of price changes across customers. We are looking forward to price fx bringing us much more visibility and ease of use. Review collected by and hosted on G2.com.

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Vice President Revenue Mgt
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 Gives Campaign
What do you like best?

On-schedule implementation

Very flexible - user can configure the tool

Highly skilled agile implementation team

Tool delivered boost in price performance Review collected by and hosted on G2.com.

What do you dislike?

Still a small company - lacks the full resources of a billion-dollar global company Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Get your process in place first - don't automate a broken process Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Rules-based price optimization tool - customized to our operations with ability for us to adjust in real time Review collected by and hosted on G2.com.

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