PO&M software Archives - PriceEdge Blog

The 10 key benefits of a customizable PO&M

April 9, 2022 in Blog

Price Optimization & Management (PO&M) customization can help you boost your margins and win more business. Adapting your PO&M solution to match your pricing process can save you time, improve your bottom line and systemize what you do best.

When it comes to PO&Ms, the benefits you get out depend on the effort you put in. Fail to define your process and you’ll end up with low-quality data and poorer performance.

A customizable PO&M software supercharges reporting, too, as insights that are specific to your organization give you a higher chance of success by helping you to understand exactly what needs to be improved. Continue reading »

How to Find the Best PO&M Solution for Your Business, No Matter its Size

June 7, 2021 in Blog

If you’re looking to maximize profits, you need the right tools for the job.

However big or small your organization, having the best PO&M software is crucial to boosting pricing performance across your product portfolio —without one, you’ll be wasting time and losing opportunities you could be converting into profits.

But not all PO&Ms are created equal. There’s a vast array of options out there, so when asking yourself, “what is the best PO&M software?” it’s important to know what features you need.

To help you, we’ve developed this guide of key features you should be on the lookout for when trying to find the best PO&M system.

Pricing from Home: How to Do It and the Tools You Need to Stay Productive

May 12, 2020 in Blog

One of the biggest challenges that distributed teams and isolated pricing professionals face during a crisis like COVID-19 is staying healthy, engaged, and productive.

If you now find yourself setting prices from home or managing others in a remote work environment for the first time, it can help to remember that in a vibrant, data-driven profession like pricing, nothing ever stays the same for very long.

So whether you operate as a one-person pricing tribe, or you’re part of an established pricing team, consider this your opportunity to master a new price from home strategy and discover some of the remote working tools that will keep you productive. Continue reading »

6 Red Flags to Watch For When You Do a PO&M System Comparison

April 15, 2020 in Blog

Considering the wealth of information available online, it’s easier than ever to make informed purchasing decisions. On the flip side, it’s just as easy to feel like you’re drowning in wave after wave of value propositions and unique selling points when shopping for a PO&M solution.

Knowing the features you need and the prices that suit you is great, while understanding how to choose a PO&M tool that will give you the best possible price advantage is essential. On the other hand, understanding the things to avoid can often be just as helpful, especially if you have too many candidates to choose from.

To help you navigate through the crowded market of price optimization & management tools and software, we cover the six biggest signs that a PO&M software would be more of a problem than a solution.
Continue reading »

Advantages of PO&M software: Three steps to help you find the right one

December 5, 2019 in Blog

Convinced that adopting PO&M software is the next step on your journey to pricing excellence? Then your first task is to figure out which one will work best for you and your pricing team, and then to evaluate the benefits of using a PO&M software.

There are hundreds of tools listed in Capterra’s price optimization software directory alone, not to mention on the market as a whole. The available features range from simple price data management to full-blown price optimizations & process automation.

The three steps outlined below will help point you in the right direction so you can start drawing up a list of PO&M options and their advantages that will lift you and your team up rather than weighing you down.