Model N launches Price Management, a new solution that enables semiconductor, electronic component and high-tech manufacturers to manage price execution across direct and channel sales teams globally. Fully integrated with Model N Deal Management, Price Management streamlines pricing updates to reduce the effort required to keep prices current and consistent – enabling tight pricing control and seamless market execution.
“Model N has directly seen the challenges high-tech manufacturers experience in executing and updating complex pricing models across markets,” says Suresh Kannan, chief product officer at Model N. “Model N’s new Price Management solution fills a market gap by equipping our customers with greater pricing control, speed, and flexibility that leads to revenue optimization and profitability. Integrated with Model N’s Deal Management, Price Management distinguishes Model N as the leader in revenue cloud applications for high-tech companies.”
- With Model N’s Price Management, high-tech companies can effectively manage all aspects of pricing across the product lifecycle. In fact, this end-to-end pricing system can easily publish a myriad of price changes annually in an integrated fashion, enabling tighter execution and control that ensures all audit and regulatory requirements are met.
- Price Management includes a robust pricing engine that provides real-time data to align with market realities—reducing revenue erosion and accelerating price setting. In turn, customers will have more time to focus on strategy instead of manual tasks since workflows are automated to enhance efficiency and accuracy.