HFx Strategic Pricing Manager
The HFx Strategic Pricing Manager is designed to assist you in managing your pricing for maximum profitability. The sophisticated analytic engine analyzes your transactional data to provide up-to-date, profit maximizing pricing recommendations. The performance management dashboards give you the tools to visually understand profit opportunities, and the HFx Mobile Price Advisor tablet application provides your sales force the data it needs to actualize the profit opportunity. The SaaS (Software-as-a-Service) approach is minimally invasive on your IT infrastructure, leaving you to focus on making a profit impact. Fast.
Just some of the ways implementing the HFx framework will benefit you.
Drive Profitable Growth
There is latent growth and profit potential in your business – up to 4% of your existing controllable revenue. The HFx Strategic Pricing Manager shows you where it is and how to actualize it.
Sustainable Profit Enhancement
Pricing consultants perform ‘Black Box’ analytics and deliver recommendations using fragmented reporting tools that are difficult to maintain. HFx Strategic Pricing Manager offers analytical flexibility and utilizes an integrated, systematized approach to making profit enhancement a sustainable part of your day-to-day operations.
Identify Unprofitable Business
It has been shown that nearly 40% of every company is unprofitable by any measure and that 20% - 30% is so profitable that it is contributing to reported earnings and subsidizing losses. HFx Strategic Pricing Manager quickly and easily shows you where you are making profits and where you need to manage differently.
Prevent Profit Leakage
Without a clearly defined strategy and tools for monitoring performance, discounting practices quickly lead to significant profit leakage. HFx Strategic Pricing Manager provides the strategy and tools for effective profitability management.
A Method for Managing Complexity
The geographies in which you operate, the number of customers served, the number of products/services offered, and the size of the sales force multiply to create a highly complex pricing environment. HFx Strategic Pricing Manager organizes the complexity in a manageable framework that standardizes pricing practices.
Visualize Profit Improvements
Canned reports from your enterprise software are designed to provide a snapshot of high level metrics relating to general performance. HFx Strategic Pricing Manager’s performance dashboards use state-of-the-art visualization software to show you where to focus management efforts for maximum profitability.