Effective pricing controls on both supply side and demand side, going beyond the traditional cost cutting measures and near “perfect” price level are some opportunities business managers are weighing today. An appropriate pricing strategy and execution capabilities to respond to the market not only plugs revenue leakages but also paves way for faster pricing decisions based on strong data analysis. A strong set of process and system can unlock this potential and prove to be the required competitive edge.
L&T Infotech assists organizations across the globe to assess the 'as-is' state, evaluate best-fit Pricing Solutions through a structured methodology, implement the chosen solution and integrate it with the organizational system landscape. Through collective intelligence of our experienced pricing professionals, industry experts and rich partner network we have proven track record of improving bottom line margins, assisting in managing cost drivers, performing material price forecasting and providing correct analytics for making better decisions.
Our service offerings are;
Discovery
- Analysis of the existing pricing processes using our proprietary Multi Index Maturity Assessment (MIMA)
framework developed by us in close association with a thought leader from one of the best business school
in Asia
- Identification of key areas of improvement aligned to organizational strategy
- Waterfall analysis and identification of potential revenue leakage
- Exploring applicability of a pricing tool to support, enhance and optimize the current pricing process
Evaluation
- Detailed requirement analysis and mapping to features offered by various pricing tools using our proven
Pricing Solution Assessment Toolkit (P-SAT)
- Quantitative scoring of tools based on identified criteria
- Preparing implementation roadmap and a detailed roll out strategy
- Support change management activities to help the organization adopt the best pricing processes and solutions
- Analyze existing pricing processes and chart the roadmap to processes based on industry best practices
- Collaborate with client to identify other processes affected, systems impacted and data required to support implementation
Implementation
- Data Preparation and Integration Management
- Tool Implementation
- Change and Risk management
- Support pricing tool vendor in training exercises and workshops
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