Flintfox provides an innovative advanced pricing module for businesses who require an effective tool to manage all pricing requirements, from the most common to the most complex. With Flintfox, businesses have the tools required to administer all pricing arrangements across vendors, customers, products, and transactions efficiently and accurately. An integrated approach to managing pricing remains difficult for many manufacturers, distributors, and retailers.
Dynamic market conditions, competitive pressure, new master data (customers/vendors/products/packaging), and changing consumer behaviours put extreme pressure on both pricing systems and strategy. Spreadsheets are common place, and manual intervention is often required to handle exception scenarios. Lack of pricing flexibility or full visibility can lead to lost revenue associated with pricing errors and missed opportunities due to slow response times.
Transaction errors related to incorrect pricing can vary between 0.3% and 2.3% of total order volume. Duplicating pricing rules in multiple systems can create audit compliance and maintenance issues related to downstream processes such as settlement of deductions and fees. A simple 1% increase in effective net price can move operating profit upwards of 10% in many cases.
For organisations requiring enterprise-level pricing performance, scalability, and flexibility, Flintfox provides the necessary tools and agreement structures to optimise revenue and maximise efficiency.