From a pricing engine to running predictions, and keeping track of competitors, SYMSON’s platform hosts a number of solutions that you can use and combine in customisable ways to solve your unique challenges. Read on to learn more.
From a pricing engine to running predictions, and keeping track of competitors, SYMSON’s platform hosts a number of solutions that you can use and combine in customisable ways to solve your unique challenges. Read on to learn more.
Get smart insights from the AI engine to inform your pricing decisions
Set and automate your prices using smart business rules, combine pricing strategies
Include price elasticity, competitive pricing and AI recommendations to arrive at your optimal price, Run predictions and gain more margin or revenue.
Combine Smart Algorithms, Machine Learning and Business Rules to arrive at your optimal price
Just a selection of our capabilities to help you become a hyperlearning organization where Pricing as a Strategy is bringing you a strategic advantage to your competitors!
Our AI based pricing model finds the optimal price taken into account the desired factors. The optimal price is the best price that will help attract customers, maximize sales, and increase profits.
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Apply multiple strategies together.
With the Strategy Builder in SYMSON, you can select the strategy that best fits your business case. You can combine your Cost Based Price Strategy with other Strategies to create increase your margin. You can set strategies based on
Category
Product Attributes
Key Value Items
Combine Cost Based to other Price strategies
Use AI Recommendations
Get the full functionality of SYMSON. Combine multiple solutions to arrive at your perfect pricing strategy. This includes the ability to run predictions based on business scenarios and gain smart insights. Become a frontrunner by using SYMSON to the fullest!
Read MoreBy applying business rules, you can define certain boundaries. within which the pricing engine can move freely. This feature includes rules such as maintaining a minimum margin percentage, or limiting the price changes within a certain range.
Use AI, but still be control, by applying business rules that:
“Keep the AI Recommendations in a range that humans decide”
Notifications can help you be aware of key changes in your pricing strategy. SYMSON platform notifications allow you to be on top of things like large cost increases, or list price falling below margin thresholds. This allows you to respond to these changes quickly and effectively. It alerts you to market changes that could affect changes to your strategy.
Read MoreApply multiple strategies together.
Quickly identify and eliminate drags on profit margins
Use powerful analytics to reveal your profit drivers for everytransaction, product, salesperson and customer
Get a single source of truth for margin and contract pricing
Activate and define a fully transparent pricing strategy based on willingness to pay, seasonality, and other factors
Include multiple pricing drivers into your pricing model
SYMSON uses several factors you can put in your AI and ML tools to run analysis on all products, determine their price elasticity, and predict how potential price changes may affect margin & revenue.
"SYMSON helps us make our pricing process more intelligent.”
Erwin Hendriks, Head of Pricing
Indi.nl
