- Shape market conquering pricing strategies
- Boost profit and growth opportunities
- Automate pricing and price monitoring with state-of-the-art software and analytics
Inflationary and highly volatile markets, new competitors, as well as big data and artificial intelligence in sales and pricing: More than ever, these and other current challenges demand highly professional price management from companies – from strategy and pricing analytics to fast price execution. Our experts support you to get your pricing into shape.
Degree of price management maturity
Effective implementation of five development stages in price management
Even today, many companies calculate prices based on simple cost calculations that, while they might generate minimum margins, are little fit to the firm’s overall market strategy nor do they exploit product or customer value. Consequently, the potential in price management is immense! In addition to conceptual improvements, data and tool-based advancements related to artificial intelligence are also drivers of profitability. Our experience shows that typically profits can usually be increased between two and five percentage points.
Horváth pricing excellence framework
Successfully refining price and margin management
Our pricing excellence framework is an integratedapproach that analyzes and further develops your pricing with regard to the following aspects:
- Price strategy: What decisions have been made regarding price level, price structure, price dynamics and price communication for the product or service offering? How was the market segmented?, What is the price acceptance of the individual customer segments? Where is pricing management located organisationally?
- Price setting: What are basic pricing guidelines and logic? How is the customer's decision architecture and price acceptance actively designed?
- Price realization: How to best enforce our prices and achieve our goals by discounts and bonusespolicies? Which escalation mechanisms have been defined for the awarding of discounts? What does pricing governance look like?
How to incentivize sales teams?
- Price controlling: What are adequate KPIs for sustainable reporting? How does the feedback to the pricing strategy occur?
To implement these concepts, our consultants support you with behavioral pricing and selling, AI-powered methods or in setting up state-of-the-art reporting tools. On top, we help clients to find the right pricing and CPQ solution to set prices better and faster.
What is your Pricing maturity level?
Assess your Pricing maturity in our Pricing Excellence Quick Check and get the chance to get in contact with our Pricing experts.
Develop pricing solutions for specific sectors and topics
Effective pricing is key to improve top-line growth and bottom-line performance – especially under the current inflationary and volatile conditions. Our interdisciplinary teams have not just deep methodological expertise but also bring strong industry knowledge and analytics experience. Jointly with our clients, , we design and implement valuable pricing strategies that bring immediate value and amortize within the first few months.
- Pricing transformation for better and faster pricing decisions
- Net revenue management for inflation hit FMCG industries
- Sustainability pricing to shape green transformation
- SaaS & digital asset pricing to monetize digital offerings
- Behavioral pricing
Dr. Marcus Demmelmair
Kilian Lars Fleisch
Horváth supported us in shaping our pricing concept, model and price points. For our innovative SaaS offering, Horváth additionally validated strategic price points based on a broad quantitative sample.