If you are finding that your business is struggling to implement a pricing strategy that best increases the bottom line, it might be time to invest in a pricing software to bridge your CRM and ERP systems. A good pricing software for your business will be built for its unique architecture and be configurable to its needs. Some traits that your business should analyze to determine if it is the right fit include reporting, analyzation, and communication. A good pricing software will include:
1. Analyzation of Competitor Pricing
A good pricing software will monitor the pricing landscape for any given product. A good software will not only monitor competitors, but offer insights and evaluations based on those figures. Having a dynamic pricing strategy is the best way to ensure that your products have the best pricing for the biggest return.
2. Configurable Automatic Notifications System
Software that works for your business will have an in-depth automatic notifications system that you may configure for your business’s needs. A complete software will supply notifications regarding updates of your company and competitors. A good software will also be frequently updated and send users automatic reports on software changes.
3. Tracking and Data Collection
A complete pricing software will have all of the data and tracking information needed to help a business make intelligent pricing decisions. Real time evaluation of stock and products may help your business with different views on products. A good software will also track a product’s pricing history, providing multiple views of data.
4. Reports and Analytics Generation
A complete pricing software will allow for the creation of detailed and visual reports. Users should be able to evaluate and present the relevant information for their teams. Users should be able to configure multiple channels of information, including pricing, customers, discounts, and competitors, to generate analytics.
5. User and Connection Management
A good pricing software will shorten your team’s sales cycle by connecting users to each other. Team members will be able to follow along with projects, eliminating the need for back-and-forth between departments. Pricing software should also allow for greater communication with customers, ensuring that their bill of materials is created quickly and accurately.
Choosing the Best Pricing Software for Your Fenestration Business
Choosing the right software for your business can shorten your sales cycle in a way that fits your already established style. Modular solutions can help your team identify which areas can be improved and allow your team to build configured software.
If you’re ready to implement cloud-based ERP along with CRM for higher efficiency within your business, let us walk you through a free demo.
e-Whiz Global was founded in 2009 with the sole purpose of offering simple & effective business solutions to our customers and business partners. Today, we offer comprehensive technology solutions for ERP, CRM and Accounting in major vertical industries.
With a growing global team of solutions architects, software engineers and project managers, we bring vast experience in your Business Domain, Product Development & Information Technology services. Our underlying philosophy is simple: If you want to go fast, go alone. But if you want to go further, partner with e-Whiz Global.