iPAT provides the necessary tools for the creation of a pricing governance system to ensure effective strategic price setting and efficient deployment across the organization, combined with effective day to day deal management. Addressing the complex issues of global pricing harmonization and multi-level approval processes, it leverages the full power of data into taking the optimal decision that will have a major impact on the bottom line.
A set of software tools that provide for the adaptability to the customer’s business & pricing logic and NOT enforce its logic to the customers’ business.
As business conditions change, companies can maintain the flexibility to adapt their pricing strategies & reflect them seamlessly in the system, with zero to minimal development effort.
Push the price initiation and approval process (and data entry) to the sales people, creating a price sensitive sales and marketing workforce.
Enrich the toolset of the sales team with all they need to quickly create accurate deals.
On a strategic level, iPAT can aid the pricing team to create and manage pricebooks and approval levels, by incorporating specialized team workflows and interaction capabilities. The strategic module is deeply integrated with the deal management modules of iPAT, so to incorporate every available information and transactional history into the decision making process. On the other hand, the close integration allows for the smooth delegation of strategic pricing decisions to an executional level.
Using sophisticated forecasting and predictive analytics methods, iPAT can suggest, real-time, the best price for the sales deal, in order to maximize sales performance or other relevant business KPI. At the same time, it can predict the probability of success at a certain price level to aid effective, every day, deal making. On a strategic level, it can automatically suggest retail prices and approval levels, predict the impact of different price levels on sales performance or other relevant business KPI, and test alternative pricing scenarios for optimum results.
The system includes a set of innovative and flexible technologies and processes, allowing for dramatically reduced implementation time, reduced back office, augmented data security, and a lean, agile & flexible management of the underlying business principles.
Built-in analytics automatically show what’s working and what’s not, so you can easily gain insights and monitor effectiveness of your pricing policy,
The unique engine of iPAT allows the pricing logic to be changed at any time using simple Excel files, thus providing to the business users to adapt and react to the fast changing environment.
The unique workflow engine of iPAT allows for a dual mode workflow: either a full complete multi-level approval workflow based on internal governing processes, or by allowing users to delegate, escalate or take over in the flow.
iPAT includes integrated Analytics: from within the sales deal to allow all sales force levels to accurately evaluate the effect of their pricing and rebate policy, along with custom user definable dynamic analytics that help visualize and measure sales effectiveness and performance.
By downloading locally all required data, iPAT allows the users to work without Internet connection and synchronize their changes when they connect to the corporate network.
iPAT takes full advantage of the options and advantages of the operating systems: with native applications for both iPad and Windows, it maximizes user experience and maximizes productivity of the sales force and the back office.
iPAT conforms to the highest corporate standards, by encrypting data and allowing a maximum security and visibility level, for all its modules and components.