Price Management
Set & Manage Winning Prices Across Every Sales Channel
Deliver consistent, real-time pricing—even in dynamic markets.
Gain real-time insights, set competitive prices, and manage pricing complexity across all sales channels with a leader in omnichannel price list management. PROS Smart Price Management drives profitability, empowers sales teams, and delivers seamless dynamic pricing.
- Centralized Price Management
- Grow Profit Margins
- Fast, Efficient Price Governance
- Prevent Margin and Revenue Loss
Reduce errors and manual tasks with automated pricing and data all in one place. A single, centralized system helps you improve accuracy, simplifies workflows, keeps pricing consistent across channels, and allows faster adjustments to market changes.
Increase profits and stay competitive with smart pricing strategies that align with market demand, costs, customer needs, and competition. Provide accurate quotes to customers that maximize revenue by adjusting prices in real time across all channels.
Price governance doesn’t have to be slow. Accelerated multi-tiered approval workflows help to ensure compliance with pricing thresholds. Incorporate discounts, promotions, and rebates into pricing to support sales strategies and incentivize customer purchases.
Get a clear view of your data and find ways to improve with built-in pricing analytics. Spot trends, catch hidden costs, and understand how discounts and rebates impact profits—so you can take action to help avoid margin and revenue leakage.
Expected Impact
+50-100 BPS
Harmonized Price Strategies
+30-50 BPS
Transparent Price Governance
+10-30 BPS
Seamless Price Execution
Integrations
Seamless integration with ERPs, CRMs, and front-end applications (CPQ tools, eCommerce platforms, customer-facing portals) help you handle business complexity with ease and enhance your operational efficiency.
PROS will be the heart of our new price management function.
Tue Larsson
Group Pricing Manager
Features
Manage pricing across all your sales channels with powerful features designed to ensure consistency, flexibility, and efficiency.
Omnichannel Price List Management
Easily manage price lists across sales channels, regions, products, and customer segments to keep your pricing strategy consistent. Set price relationships to ensure logical, accurate adjustments when updating prices in bulk.
Flexible Pricing Strategies
Conveniently create and adjust pricing strategies to suit your business. You can test different pricing ideas and refine and adjust your strategies, taking into account factors such as market changes, commodity indices, and seasonal trends.
Multi-Tiered Approval Workflows
Keep your pricing in check with a structured approval process. Implement robust price governance with multiple levels of approval so changes to pricing go through specific people based on the size of the change.
Advanced Price Analytics
Get more value from your pricing data by using advanced analytical tools like predictive pricing models, various display and comparison options. You can easily create and customize charts and dashboards to better understand trends and make more informed decisions.
Mass Price Changes
Easily perform scheduled price updates based on new strategies, cost changes, and competitive pricing. You can review, approve, and publish updates seamlessly in your management system.
Real-Time Price Delivery
Make sure your sales channels always provide the latest and most competitive prices with the PROS Pricing Evaluation API. With real-time updates, sales teams can easily access current pricing information, helping them respond swiftly to customer needs.
Currency & Unit of Measure Conversions
Automatically change price lists and charts to match different currencies and measurement units, making it easier to manage international sales and understand performance.
Tailored Tiered Pricing
Easily manage volume discounting by defining price scales based on how much customers buy. You can choose how these discounts are calculated and displayed.
Agreement Price Sync
Manage multiple price updates for existing customer agreements efficiently, helping you ensure important reviews and approvals are completed by the sales and pricing teams. (Requires PROS Smart CPQ Advantage)
Book a Demo With An Outperformance Expert
Meet with a PROS professional. Put the product—and our service—to the test. Together, we’ll help your company perform to its potential.
FAQs
How does PROS Smart Price Management benefit businesses?
You can achieve higher profit margins and improved pricing accuracy with PROS Smart Price Management. By centralizing information and automating processes, you enable your pricing teams to be more efficient and precise in price list management. Pricing analysts can dynamically set, manage, and adjust price strategies based on real-time data, helping ensure prices are competitive and aligned with the latest market conditions, cost structures, buyer behavior, and competitive positioning. This results in compliance, consistent prices across all sales channels, and enhanced profitability for your business.
What features should I look for in a price management solution?
Pricing software should include features such as algorithmic pricing methods, automated price calculations, approval workflows, the ability to integrate into price strategies cost structures, commodity indices, competitive pricing, and other external sources of data, real-time price delivery, and precise price execution across multiple sales channels. These capabilities help ensure your price strategies stay competitive, profitable, and successful.
Is PROS Smart Price Management suitable for large enterprises and global pricing teams?
Yes, the pricing solution is designed to adapt to various business needs, particularly those of mid-sized companies and large organizations. PROS Smart Price Management handles business complexity with ease and scales quickly as operations grow, effectively supporting global organizations’ pricing teams and enabling pricing excellence. The solution supports the management of price lists for multiple sales channels, thousands and even millions of SKUs, and it integrates with all major ERP vendors, to ensure smooth business operations, connected processes, and real-time data synchronization. PROS has successfully completed hundreds of pricing integrations, helping businesses in over 40 industries drive success in their sales transformation initiatives and pricing projects.
Additional Resources
Smart POM Demo: Managing Tariffs
Discover how PROS helps businesses stay agile amid global uncertainty by streamlining pricing, scaling agreements, and protecting margins with real-time data and dynamic optimization.
- watch video
Pricing Strategies to Maximize Customer Lifetime Value
In today’s competitive market, AI-powered pricing is essential for driving customer value. Discover how to optimize pricing, implement rebates, and shift to subscriptions. Learn how AI predicts behavior, personalizes offers, and boosts revenue and profitability.
- watch video
6 Trends and Best Practices to Unlock Price Optimization and Boost Margin
Customer behavior has shifted dramatically over the past decade. To keep up with evolving preferences, market demand, and competition, businesses need price optimization to stay competitive and agile.
- read more