[ Pricefx Reviews ](https://www.g2.com/products/pricefx/reviews) [ Pricefx Reviews ](https://www.g2.com/products/pricefx/reviews) # Pricefx Features ##### ## Configuration - cpq (5) Product Catalog Allows users to search, filter, sort and select items to be added to quote Guided Selling Based on answering questions about customers the configurator automatically selects the best fit products Configuration Rules Rules ensure that users select only compatible options and that all required items are included Price Configuration Pricing is displayed during configuration process so that users can quickly see how configuration changes impact the price Visual Configuration Images can be displayed of options to enable users to visualize product options as it is being configured Show More ##### ## Pricing (6) Pricing Flexibility Ability to support multiple pricing models for one-time, recurring, and other items Discounting Ability to manage discounts at quote and line level; ability manage discounts based on volume and customer agreements Commerical Rules Allows rules to be written in commercial process so that users don't make errors in pricing, terms, and other commercial considerations Terms and Conditions Ensure that users automatically include the right terms based on items being quoted Approval Workflow Users can submit quotes, contracts, etc for approval and obtain appropriate approvals quickly Renewals Allows users to renew existing contracts based on contracted pricing and existing assets already owned Show More ##### ## Quoting (6) Grouping Ability to easily group items on quotes; apply and manage discounts and pricing by group Version Control Provides abilty for versions to expire, allows users to create new versions, revert to old versions and track changes from version to version Quote Document Generation Generate professional proposals with desired branding, product descriptions, pricing, terms, and visuals in desired format (pdf, xls, word) Ordering Enables users to seemlessly convert quotes to orders with appropriate validations, workflow, and integration Contracts Ability to convert accepted quotes into contracts; set up of required assets and contracts Approval Process Control Manage the process of evaluating documents or requests submitted for approval Show More ##### ## Admin (11) Configuration Ease of Admin Easily build and maintain configurator; flexibility to easily embed all desired business logic Pricing Administration Can easily build and maintain pricing logic required by business Workflow Management Easily build and maintain workflows, misc commercial fields, commercial rules Document Management Ability to easily build, update, customize, and maintain quotes, contracts, and other document outputs Contact Management Manage, organize, and store contact information Discount Management Track products that are for sale at a reduced price or part of coupon promotions Catalog Management Create and manage digital catalog of products/services with their details, specifications, and price Contract/License Management Track, store, and access client contracts or licenses Renewal Management Manage and track the renewal process for various services, subscriptions, contracts, or licenses Price/Margin Management Track and manage the profit margin between the cost of a product and its selling price. Order Management Manage and track customer orders for goods, investments, or any other purchases Show More ##### ## Channels (3) Mobile User Support Supports users working on a mobile devide (phone and/or tablet) Channel Partner Support Provides functionality for channel partners to configure, price, quote and buy products in a self service environment eCommerce End customer users can configure, price, and buy products in a self service environment online Show More ##### ## Platform (8) CRM Integration CRM integration is flexible and easy to maintain Integration API System provides API's that can be used to easily integrate to financial and other 3rd party systems Internationalization System support multiple currencies and languages to enable business in multiple countries Scalability Provides ability for very large quotes, number of products, users, rules, required by enterprise level customers Reporting and Dashboards Easily generate desired reports and dashboard on configurations, pricing, and quoting ERP Integration ERP integration is flexible and easy to maintain Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Third-Party Integrations Set up connections to third-party platforms to improve business processes Show More ##### ## Document Creation (6) Customizability: Variables and Fields Define fields to pull in dynamic information. Template Creation and Flexibility Easily assemble custom fields and variables into reusable templates to automate the proposal creation process. Rich Media How well the platform supports images, audio, and video in proposals. Online Document Creation Create adaptive online documents for view via browser or mobile device. PDF Creation Create attractive PDF versions of proposals. Custom Branding Brand proposals and the application's portal with your company's logos and branding. Show More ##### ## Workflow (3) Document Builder Interface Easily search for and add elements to a proposal. Collaborative Creation Multiple users can edit a single document. Assembly and Approval Workflows Automate workflows by routing documents to the correct individuals for adding content and approval. Show More ##### ## Analytics (1) Reporting and Dashboards Access pre-built and custom reports and dashboards on proposal volume and acceptance. Show More ##### ## Administration and Platform (12) User, Role, and Access Management Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. Alerts and Notifications Program in-app and email notifications for approval milestones or actions. CRM Integration Push and pull data from CRM to build proposals and update statuses with clients. Electronic Signature Digitally sign online documents Contract/License Management Track, store, and access client contracts or licenses Knowledge Base Management Manage a repository of information that includes articles, FAQs, or tutorials used for self-service support Contact Management Manage, organize, and store contact information RFP Management Manage and process incoming documents detailing requests for proposals Workflow Management Create, design and manage workflows for repetitive tasks Document Management Store, manage, and track all electronic documents in a centralized location Task Management Create, manage and track all task activities and progression API Application programming interface that allows for integration with other systems/databases Show More ##### ## Customer Requirements (3) Quoting Ability to create custom quotes based on customer requirements. Configuration Allows users to configure products and revise quotes accordingly. Pricing Provide standard pricing options that can be customized by customer. Show More ##### ## Contracts (3) Creation Deliver standard contract templates that can be modified by users. Negotiation Track contract changes made by all parties during negotiation. Execution Implement the final version of the contract, including SLAs. Show More ##### ## Generative AI (3) AI Text Generation Allows users to generate text based on a text prompt. Generative AI Use AI to generate content in the form of text, images, videos, etc. Proposal Generation Create proposals based on costs of labor and materials Show More ##### ## Rebate Program - Rebate Management (4) Rebate agreements Able to generate rebate aggrements Rebate calculation Can perform automated rebate calculation for rebate accurals and payout Program creation Able to create unique and complex rebate programs for customers Rebate match Capable of matching rebate against actual sales, purchases, and margins Show More ##### ## Analytics & Reporting - Rebate Management (3) Rebate programs Able to analyze effectiveness of rebate programs Vizualization Provide intutive dashboard to visualize rebate performance and deal visibility Prediction Able to forecast rebate account growth Show More ##### ## Collaboration - Rebate Management (2) Internal Communication Allow internal teams to collaborate and communicate within the rebate software External Communication Allow communication with rebate partners and customers Show More ##### ## Integration - Rebate Management (2) Sales Data source Allow integration with CRM OR ERP or any other data sources Payments Allow integration with accounting or invoicing tools for rebate payouts Show More ##### ## Generative AI - cpq (3) Dynamic Quoting Generate personalized quotes and proposals that corresponds with each customer's tailored preferences and buying behavior Dynamic Pricing Analyzes data to suggest price adjustments instantly based on competitor pricing, demand, market prices, production costs, and other factors Personalized Sale Recommendations Enhances guided selling by learning customer preferences and suggesting the most suitable products and services based on their individual needs Show More ##### ## Platform - Pricing (19) Dynamic Pricing Allows flexibility for automatically adjusting prices of products or services based on real-time market conditions, competition, demand, or other factors. Customer Segmentation Differentiates pricing by customer type, geography, products, services or sales channel. Price Execution Performs complex price calculations and delivers prices directly into front-end sales and commerce systems, such as CPQ tools, CRMs, ERPs, and eCommerce platforms. Price Management Sets prices for new products, updates existing price lists or matrix pricing, and customer-specific pricing including discounts, rebates, and promotions. Price Monitoring Monitors price strategy of competitors to make informed pricing decisions. Approved Workflows Implements role-based controls and streamlines workflows automatically for approving price changes or exceptions. Pricing Analytics Provides visualized reports or dashboards to analyze data of current pricing performance, trends, and opportunities. Omnichannel Pricing Manages price lists to synchronize consistency across multi-channels, products, services, regions, and customer segments. Elasticity-based pricing Calculate the price elasticity of demand by analyzing pricing and market data to find the most optimal price points eCommerce Management Has a built-in eCommerce system or integrates with third-party systems to manage online sale of products Inventory Management Track and manage inventory levels to maintain proper supply Price/Margin Management Track and manage the profit margin between the cost of a product and its selling price. Promotions Management Design, communicate, and distribute incentives to perform a specific action Product Data Management Capture, organize and track product-specific data and information in a centralized location Real-Time Monitoring Active monitoring of systems, applications, or networks Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Predictive Analytics Predict future data based on historical data sets Real-Time Analytics Analyze and gain insights into data in real-time Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Show More ##### ## Integration - Pricing (3) ERP Integration Allows ERP integration, and is flexible and easy to maintain. Integration API Provides API's that can be used to easily integrate to other third party systems or software applications. CRM Integration Allows CRM integration, and is flexible and easy to maintain. Show More ##### ## Artificial Intelligence - Pricing (4) Price Optimization Optimizes prices automatically from adapting to market changes, analyzing historical data, and predicting outcomes of various pricing scenarios for maximizing revenue. Personalized Pricing Offers personalized prices and promotions to different customer segments based on their individual preferences, behavior, or purchase history. Real-time Insights Provides intelligent pricing insights and analysis with data-driven recommendations. Promotion Optimization Assess and optimize pricing markdowns, special offers, or other promos Show More ##### ## Agentic AI - Pricing (6) Autonomous Task Execution Capability to perform complex tasks without constant human input Cross-system Integration Works across multiple software systems or databases Adaptive Learning Improves performance based on feedback and experience Natural Language Interaction Engages in human-like conversation for task delegation Machine Learning Enable businesses to implement machine learning algorithms on business data such as sales and revenue Third-Party Integrations Set up connections to third-party platforms to improve business processes Show More ##### ## Additional Functionality (70) Templates Sample files or documents that could be customized as needed or used as is Collaboration Tools Provides a channel for team members to share media files, communicate, and work together AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users CRM Built-in customer relationship management (CRM) capabilities or integration with a third-party CRM system Automatic Formatting Automatically formats data in a predetermined way Client Portal Private online space that lets businesses securely share documents and provide information access to clients Access Controls/Permissions Define levels of authorization for access to specific files or systems Quotes/Estimates Generate quotes or estimates for customers Customizable Reports Alter the layout and content of reports Content Library Centralized repository to store content and assets Data Import/Export Import and export data to and from software applications Document Review Review and analyze existing information across documents Document Automation Automated or logic-based workflows that assist in the creation of electronic documents Reminders Timed notification for any upcoming task, deadline, appointment, or activity Audit Trail A record of all activities within the system, including user access, changes made, etc. Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Approval Process Control Manage the process of evaluating documents or requests submitted for approval Version Control Track revisions and updates made to files and navigate between different versions Price and Cost Calculations Calculate rule-based prices for a product/service Data Visualization Graphical representation of data Rules Engine It is a logic or a condition that executes business rules in a runtime production environment Real-Time Data Receive data and information in real time Quotes/Estimates Generate quotes or estimates for customers Audit Trail A record of all activities within the system, including user access, changes made, etc. Drag & Drop Assemble applications and processes by dragging over and arranging pre-built components Access Controls/Permissions Define levels of authorization for access to specific files or systems Sales Automation Automate processes to manage leads, contacts, opportunities and sales activities Document Storage Store and organize documents in a centralized system AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users CRM Built-in customer relationship management (CRM) capabilities or integration with a third-party CRM system Customizable Templates Pre-designed layouts that can be customized to match preferences and requirements Product Configurator Customize the specifications of a finished product to meet the particular needs of a customer Self Service Portal Online portal through which end users can access the system, manage tasks, or obtain information Forecasting Form predictions based on past and present data/trends Bills of Material Material list of manufacturing parts and associated costs Multi-Currency Manage and handle various international currencies Generative AI Use AI to generate content in the form of text, images, videos, etc. Customizable Branding Add customized logos and colors to align with company branding Electronic Signature Digitally sign online documents Document Templates Customizable sample documents that contain placeholder text or a standard layout that can be repeated for each new file Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Benchmarking Compare key metrics for the business against prominent players in the industry Behavior Tracking Track visitors'/audience's responses across web pages and other optimized content Profitability Analysis Evaluate the degree to which business operations bring monetary gains Real-Time Data Receive data and information in real time Trend Analysis Review data from past periods to reveal recurring tendencies and predict future performance Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Customer Profiles Record customer information, purchase history, and other notes Repricing engine AI-driven algorithms that allow for automatic repricing in real-time Predictive Pricing Models Use simulation models and scenario planning to predict and compare strategy outcomes for prices and promotions Sales Reports Reports specific to sales analysis for trends and strategies AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Sales Trend Analysis Analyze the current state of sales data to accurately understand trends and forecast future sales numbers. Forecasting Form predictions based on past and present data/trends Market Data Analysis Collect & analyze data from multiple sources to get insights into competing products, customer behavior, pricing & marketing strategies Custom Pricing Rules Create custom predefined rules for prices for products and services Multi-Currency Manage and handle various international currencies Product Catalog Present a catalog of inventory that customers can view Competitor Price Tracking Monitor and compare prices for competing products Data Import/Export Import and export data to and from software applications Sales Forecasting Estimate of expected sales revenue within a specific time frame, such as quarterly, monthly or yearly based on past trends and reports. Generative AI Use AI to generate content in the form of text, images, videos, etc. Strategic Planning At a high level, visualize a preferred outcome, define goals and identify specific steps to achieve them Search/Filter Search and filter data across systems to locate required information by entering keywords or certain criteria Cost Analysis Analyze and calculate business costs Scenario Planning Develop potential scenarios to identify risks and opportunities Price Forecasting Form predictions for optimal prices based on past and present data (market data, competitor products, special events, weather, etc.) Price differentiation Create unique pricing based on product, store, geography, or customer segmentation Multi-Store Manage multiple teams and operations from a central location Customizable Reports Alter the layout and content of reports Show More ## Top-Rated Alternatives [ ![Vendavo](https://images.g2crowd.com/uploads/product/hd_favicon/095eca4e9ab53c73716758f03989c81f/vendavo-vendavo.svg "Vendavo") Vendavo 4.3/5(68) ](https://www.g2.com/products/vendavo-vendavo/reviews) [ ![Agentforce Revenue Management (formerly Salesforce Revenue Cloud)](https://images.g2crowd.com/uploads/product/hd_favicon/826ce87155a61f72d3dfd92c5283eed8/agentforce-revenue-management-formerly-salesforce-revenue-cloud.svg "Agentforce Revenue Management (formerly Salesforce Revenue Cloud)") Agentforce Revenue Management (formerly Salesforce Revenue Cloud) 4.2/5(1,502) ](https://www.g2.com/products/agentforce-revenue-management-formerly-salesforce-revenue-cloud/reviews) [ ![Conga POM (Price Optimization & Management)](https://images.g2crowd.com/uploads/product/hd_favicon/d8671da67dce1a9bd9534611de2a8553/conga-pom-price-optimization-management.svg "Conga POM (Price Optimization & Management)") Conga POM (Price Optimization & Management) 4.2/5(198) ](https://www.g2.com/products/conga-pom-price-optimization-management/reviews) [ View All Alternatives ](https://www.g2.com/products/pricefx/competitors/alternatives) ## Technology Glossary Features View full feature definition View definitions of the features and discover new technology terms. [View Glossary](/glossary) [Approval Workflow](/glossary/approval-workflow-definition) Approval workflow is a business practice in which individuals must approve data or tasks at specific points in a process. Learn more about approval workflows, their best practices, and how businesses can use workflow automation to ease the process. [Document Builder](/glossary/document-builder-definition) A document builder is a software application that is used to create text-based documents. Pricefx Comparisons ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_350a4f99a123cce7aba94457fd131450/conga-pom-price-optimization-management.png "Product Avatar Image") Conga POM (Price Optimization & Management) 4.2/5(198) [ Compare Now ](https://www.g2.com/compare/conga-pom-price-optimization-management-vs-pricefx) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_b1184d7c914ab3419db3594fd3b16d0d/vendavo-vendavo.png "Product Avatar Image") Vendavo 4.3/5(68) [ Compare Now ](https://www.g2.com/compare/pricefx-vs-vendavo-vendavo) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_86fb3bd18fba15395e9a357499e1708f/zilliant.png "Product Avatar Image") Zilliant 4.4/5(61) [ Compare Now ](https://www.g2.com/compare/pricefx-vs-zilliant) ##### Categories on G2 [ Proposal ](https://www.g2.com/categories/proposal)[ CPQ ](https://www.g2.com/categories/cpq)[ Quote-to-Cash ](https://www.g2.com/categories/quote-to-cash) [ Pricing ](https://www.g2.com/categories/pricing)[ Rebate Management ](https://www.g2.com/categories/rebate-management) Show More ##### Explore More [ Top catalog solutions with automated data enrichment ](https://www.g2.com/discussions/top-catalog-solutions-with-automated-data-enrichment)[ Which home care agency management software automates billing and claim submission for insurance companies to reduce manual processing? ](https://www.g2.com/discussions/which-home-care-agency-management-software-automates-billing-and-claim-submission-for-insurance-companies-to-reduce-manual-processing)[ Best container monitoring solutions for hybrid cloud deployments ](https://www.g2.com/discussions/best-container-monitoring-solutions-for-hybrid-cloud-deployments) [ Which tool integrates listing management with local SEO reporting? ](https://www.g2.com/discussions/which-tool-integrates-listing-management-with-local-seo-reporting)[ Which app monetization platforms are most trusted by ad operations managers at online media companies? ](https://www.g2.com/discussions/which-app-monetization-platforms-are-most-trusted-by-ad-operations-managers-at-online-media-companies)[ Pros and Cons Details ](https://www.g2.com/products/pricefx/reviews?qs=pros-and-cons) Show More [ Top catalog solutions with automated data enrichment ](https://www.g2.com/discussions/top-catalog-solutions-with-automated-data-enrichment)[ Which home care agency management software automates billing and claim submission for insurance companies to reduce manual processing? ](https://www.g2.com/discussions/which-home-care-agency-management-software-automates-billing-and-claim-submission-for-insurance-companies-to-reduce-manual-processing)[ Best container monitoring solutions for hybrid cloud deployments ](https://www.g2.com/discussions/best-container-monitoring-solutions-for-hybrid-cloud-deployments) [ Which tool integrates listing management with local SEO reporting? ](https://www.g2.com/discussions/which-tool-integrates-listing-management-with-local-seo-reporting)[ Which app monetization platforms are most trusted by ad operations managers at online media companies? ](https://www.g2.com/discussions/which-app-monetization-platforms-are-most-trusted-by-ad-operations-managers-at-online-media-companies)[ Pros and Cons Details ](https://www.g2.com/products/pricefx/reviews?qs=pros-and-cons)