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Pricefx Reviews & Product Details

Vince H.
VH
Director, Strategic Pricing
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Pricefx?

Configure Pricefx to your heart's content! With the help of a third-party developer (or in-house if you prefer), you can bring your organization's highly complex pricing dream to life and stand up a bespoke solution relatively quickly. Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

As a lover of time and organizational efficiency at every level, I wish I had to click less to get where I want to go, and that I had more control over little things in the UI (e.g. folderizing different items, wrapping column header text to keep more columns in view). Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Pricefx has reduced the time it takes for our organization to execute a price change by 85%. Our custom-configured analytics have also enabled our leaders to make informed decisions quickly and confidently, like identifying "leaky profit buckets" across our population of customers and products. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Hi Vince, Thank you for your amazing review! We are thrilled that you are satisfied with Pricefx and that our platform allows you to configure solutions precisely to your needs. Your feedback regarding the user interface is very valuable to us, and we will strive to improve the user experience.

Pricefx Overview

What is Pricefx?

Pricefx is the ultimate cloud-based AI Price Management, Optimization and CPQ software. It covers 360° pricing needs from data insights, to price setting & management, rebates, promotions, and quoting and provides 50+ use cases covering 3 core industries (manufacturing, distribution, and process industry). With Pricefx, companies can maximize margins, increase profits, and secure better deals. By unlocking the full potential within your business, companies can expect remarkable results in the first 12 months post-adoption, including up to 70x return on investment, an average margin improvement of 8.6%, and an annual profit enhancement of €130 million for a €5 billion company. Discover end-to-end Pricing and CPQ software to optimize each step of your pricing process: ✔️ Insights - Analyze your business's performance, take follow-up actions based on data, and benchmark your pricing processes. ✔️ Price Management - Manage and optimize your pricing based on your rules and strategies, including all rebates, agreements, or promotions in the process. ✔️ Quoting - Configure, Price, and Quote using optimal prices for both your business and customers, while seeing real-time commission impacts. ✔️ AI Optimization - Leverage AI to optimize deal profitability, recommend product mix, or optimize a price waterfall. Aligned with strategic company goals and 100% transparency. ✔️ Platform Manager - Set up and manage the platform from one place, integrate with third-party systems, and deploy accelerators and connectors.

Pricefx Details
Product Website
Languages Supported
Czech, German, English, French, Polish, Portuguese, Russian, Spanish, Turkish
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Product Description

Configure, Price, Quote (CPQ) and full suite price management: analytics, price setting, configuration, quoting, rebate and contract management. Commercially fair, simple, flexible, scalable, proven. Try our risk free cloud-based pricing software solution with no commitments.

How do you position yourself against your competitors?

Pricefx’s solutions are easy-to-use and tailored made for your environment with 100% flexible configuration that integrates with CRM, ERP, and data warehouses.

You’ll have complete visibility and ownership of your price calculation rules and all your data. You can easily make price adjustments, update price rules, change competitive data and change customer segments.

Our solutions are fast to implement, flexible to adapt and friendly to use. You have no upfront investments in hardware and no risks with our 100% native cloud-based solutions. We will work with you and for you to ensure a successful implementation that fits your business needs.


Seller Details
Seller
Pricefx
Company Website
Year Founded
2011
HQ Location
Prague, Czech Republic
Twitter
@Price_fx
4,864 Twitter followers
LinkedIn® Page
www.linkedin.com
425 employees on LinkedIn®
Description

Pricefx is the global leader in AI SaaS pricing software, offering an end-to-end platform solution that is fast to implement, flexible to configure, and friendly to learn and use. Since pioneering cloud-native pricing technology more than a decade ago, its leading AI price optimization and management capabilities deliver the industry’s fastest time-to-value with activation in 6 months or less and the industry’s highest average ROI of 7,000% in the first 1
months from activation. Pricefx’s award-winning solution is focused on productized industry use cases proven to solve the most common and complex pricing challenges for large enterprise B
B companies in manufacturing, distribution, process engineering, and select other verticals. It is the leading AI price optimization and management platform that enterprises rely on to dynamically Plan, Price, and Profit. Pricefx’s business model is entirely based on fairness, and the satisfaction and loyalty of their customers is recognized by years of leading rankings among customer review forums. For more information, please visit www.pricefx.com.


Kelly P.
KP
Overview Provided by:
Building and implementing dynamic marketing programs in high-growth organizations. | Corporate Strategy | Demand Generation | Brand Positioning | Competitive Strategy

Recent Pricefx Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"calculating and checking price results in a efficient way"
clear design and make price calculation more efficient
Verified User
U
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"PriceFX is a Configurable Price Management Tool With a Focus on Helping Distribution Companies"
Configuration Data Structure Flexibility Balance between constraints and strategy to drive price Ease of integration to downstream systems Clo...
Vince H.
VH
Vince H.Enterprise (> 1000 emp.)
5.0 out of 5
"A Pricing Leader's Dream Come True!"
Configure Pricefx to your heart's content! With the help of a third-party developer (or in-house if you prefer), you can bring your organization's...
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Pricefx Media

Pricefx Demo - Price Setting
Manage complex pricing policies based on company's rules, needs and pricing strategies
Pricefx Demo - Quoting
Set up individual quotes
Pricefx Demo - Pricefx Plasma
Benchmark your pricing processes within the industry with 20+ standardized KPIs
Pricefx Demo - AI List Price Optimization
Optimize list prices, discounts, incentives, and other factors simultaneously. Powered by AI.
Pricefx Demo - Pricefx Dashboards
Track and visualize your pricing results and KPIs in a single source of truth
Learn how Pricefx product capabilities can help B2B companies in their pricing efforts
Play Pricefx Video
Learn how Pricefx product capabilities can help B2B companies in their pricing efforts
Play Pricefx Video
Play Pricefx Video
Play Pricefx Video
Watch how Bosch Comfort Group (formerly Bosch Thermotechnik) increased rebate efficiency by 50%
Play Pricefx Video
Watch how Bosch Comfort Group (formerly Bosch Thermotechnik) increased rebate efficiency by 50%

Official Downloads

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101 out of 102 Total Reviews for Pricefx

4.4 out of 5
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101 out of 102 Total Reviews for Pricefx
4.4 out of 5
101 out of 102 Total Reviews for Pricefx
4.4 out of 5

Pricefx Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for PricefxQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Automotive
UA
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Pricefx?

Configuration

Data Structure

Flexibility

Balance between constraints and strategy to drive price

Ease of integration to downstream systems

Cloud native pricing solution with less technical debt than others in the space

Partnership with Enable for rebate management

Ability to handle large SKU counts/customer counts Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

Isn't focused around any specific pricing best practicies

Data science capabilities are improving but lag PROS

Configuration of new features can be time intensive and expensive

Always feel like there are features that I do not know about or have on my roadmap for integration Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Detailing out all of our constraints/business rules

Centralized repository of applied strategies

Source of truth for price

One location for all the data needed to make a pricing decision

More accurate calculations for impact to our business

Dedicated approval process aligned to our KPIs Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Thank you for your review of Pricefx on G2! We're delighted to hear that you value our configuration, data structure, flexibility, and ease of integration. We appreciate your constructive feedback regarding areas for improvement. Thank you again for your thoughtful review!

AA
IT Project Manager
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Pricefx?

They have been very supportive and helped us to narrow down what we need to be successful. They helped us find a wonderful parter that has helped us bring our requirements to life Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

so far no downsides, we will be going live with our teams in October 2024 Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Pricefx is addressing several challenges for Milliken by providing a platform that streamlines and optimizes pricing processes. Here are the key benefits that Pricefx is delivering:

Time Efficiency: Pricefx will simplify the sales process, speeding up quote turnaround time and eliminating time-consuming manual processes. This allows for a more dynamic pricing aligned with the pricing strategy, ensuring quick responses to pricing opportunities and preventing margin erosion12.

Consistency and Governance: With Pricefx, pricing logic is captured in formulas and pricing rules, leading to consistent practices for price-setting and quoting. This includes list prices with discounting rules and contribution margin targets, which are updated quarterly. The platform also provides improved pricing governance for Product Line and Business Unit leaders

Visibility and Analytics: Pricefx offers real-time visibility into sales incentive impacts when quoting and tracks wins/losses and sales pricing performance. It also provides analytics at the customer/product level, helping to identify and eliminate underperformance via customer/product insights analytics KPIs2

Integration and Workflow Management: The platform is integrated with Salesforce (SFDC), managing flooring projects and commissions, and includes built-in workflow for approvals and governance. This integration ensures a uniform quoting experience for customers.

Margin Improvement: By providing detailed views into underperforming parts of the business, Pricefx will enables Milliken to prioritize and act on pricing improvements, leading to increased margins due to improved programs over time2

These improvements are crucial for Milliken as they help in making the pricing process more efficient, transparent, and aligned with the company's strategic goals, ultimately contributing to better financial performance and competitive advantage. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Hi Ashley. Thank you for the great review! We’re glad our support helped you clarify your needs and connect with the right partner. It’s fantastic to hear you’re satisfied so far, and we wish you a successful go-live in October 2024. We appreciate you highlighting the specific benefits, like streamlining processes, improving consistency, Salesforce integration, and boosting margins. We're thrilled that Pricefx is helping Milliken achieve its goals. Thanks for your trust!

Ahmed Z.
AZ
Business Analyst l Pricing Manager
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Pricefx?

Pricefx has significantly streamlined our pricing processes and boosted our profitability.

I appreciate the comprehensive suite of tools that cover the entire pricing lifecycle, the AI-powered insights that help maximize margins, and the cloud-native platform that ensures quick implementation and easy scaling Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

The initial setup and configuration can be complex and time-consuming, requiring a steep learning curve for new users. Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Pricefx helps streamline our pricing processes, providing AI-powered insights that maximize margins and increase profitability. The cloud-native platform ensures quick implementation and easy scaling, which is crucial for our growing business.

And it also addresses the complexity of managing dynamic pricing strategies, enabling us to respond quickly to market changes and optimize our pricing for better profitability. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Dear Ahmed,

Thank you for your insightful review. We’re thrilled that Pricefx has significantly streamlined your pricing processes and boosted your profitability. Your appreciation for our comprehensive suite of tools and AI-powered insights is greatly valued. We hope that all the initial setup and configuration has gone through successfully, but if you need anything else, please let us know.

Rafi  S.
RS
Cloud SaaS Success Creator
Information Technology and Services
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Pricefx?

PriceFx is a tool that allows to costomise exactly how much it needed to be. It shows the data in real time so the user can see how the change in pricing affects the business and make desicions accordingly. Since its a cloud application there are no implementations or installations and its always up to date with the trend. Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

Pricefx can be tough for the firsttime user, after training only the user gets confidence. It is a bit expensive, resulting the smaller business owners can not afford it. Integration to existing system is also tough and take so many efforts. Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Pricefx helps business owner fix pricing as per the market. It gives realtime updates which will help companies to adjust their product pricing. It is fully automated and saves lot of time and reduce mistakes. with the help of its analytics user can closely monitor the market trends and other competitors. Business owners can stay competitive. It helps boost sales and financial perrformance of the businesses. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Hi Rafi. Thank you for sharing your feedback on Pricefx! We appreciate your recognition of how Pricefx provides real-time pricing updates and valuable analytics, which can indeed help businesses stay competitive and make informed decisions.

We understand that the initial learning curve and integration challenges can be a concern, and we're constantly working to improve the user experience and make the platform more accessible. We offer comprehensive training and support to help users become comfortable with the system.

Kushal V.
KV
Digital Marketing Specialist
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Pricefx?

This tool help me analyse the price point and pricing data , which help me optimise pricing stragtey for my product as well as my clients ,

overall the customer support is good but some times therer is delay in reply which is hectic Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

first off all it is too hard to learn and trained ,also not much of customisition .

the interface is really difficult ,

also the ui is not easy to use

intigrition is difficult Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Its cloud based structure is good and relaible it helps me implement my picing stragties easily and effectively,

as i am working for client and travel frequently switicng many device it helps me a lot , also the insgiht help me understand and readjust my stragties properly Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Hi Kushal. Thank you for sharing your feedback about Pricefx! We're glad to hear that our tool has helped analyze pricing data and optimize your pricing strategies for both your products and clients. We understand that adapting to a new system can be complex, and we're constantly working on improving the user experience. Your feedback about the interface and integration issues is valuable and will help guide our efforts to enhance these areas.

Gee J.
GJ
Talent Acquisition Project Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Pricefx?

Pricefx is valued for its flexibility, cloud-native platform, advanced analytics, seamless integration with ERP/CRM systems, and user-friendly interface. Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

Overall, I like Pricefx a lot; it’s a powerful tool with no significant downsides. Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Pricefx solves complex pricing challenges by offering a flexible, cloud-based platform with advanced analytics and AI. This helps me streamline pricing strategies, optimize margins, and make better decisions. It’s really beneficial because it provides accurate pricing, valuable insights, and smooth integration with my existing systems, leading to increased profitability and efficiency. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Thank you for your positive feedback! We're delighted that you value Pricefx's flexibility, cloud-native platform, and advanced analytics. It's great to hear that the seamless integration and insights are helping you optimize pricing strategies and increase profitability.

Verified User in Retail
UR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Pricefx?

clear design and make price calculation more efficient Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

The cost is high and if we want to do some development we need to pay extra fees Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

calculating daily prices and we can monitor the price parameters are right or wrong Review collected by and hosted on G2.com.

EM
Revenue Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Pricefx?

It is able to connect with other systems (such as SAP) and is quite flexible in terms of adapting to the company's needs. Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

It's maintenance requires technical and specific support. Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Standardized processes and way of working Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Hi Edgar, thank you for your valuable review! We are delighted to hear that you find Pricefx flexible and capable of integrating with other systems like SAP to meet your company's needs.

We are pleased that Pricefx helps you standardize processes and streamline your way of working.

GM
Project Manager- MENA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Pricefx?

What I like best about Pricefx is its flexibility, easy integration, and real-time pricing capabilities. It also offers great customization and strong analytics to optimize pricing strategies. Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

User interface can be complex and not very intuitive at times. Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Pricefx helps us by streamlining pricing strategies with real-time data and automation. It makes it easier to optimize pricing, improve margins, and quickly adapt to market changes, which saves time and boosts overall profitability. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Thank you for your positive feedback! We're glad to hear that you're enjoying the flexibility, integration, and real-time pricing capabilities of Pricefx. We appreciate your input on the user interface and are continuously working to make it more intuitive. If you have any further suggestions, feel free to reach out!

Verified User in Building Materials
EB
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Pricefx?

Our initial experience was leveraging PriceFX to help boost our negotiation guidance and it has worked great. We also leveraged PriceFX resources to help with configuration, and they were fantastic to work with . Review collected by and hosted on G2.com.

What do you dislike about Pricefx?

Our exposure is limited to Negotiation Guidance as we have not deployed other functional modules. No complaints; I'm looking forward to seeing the full suite in action. Review collected by and hosted on G2.com.

What problems is Pricefx solving and how is that benefiting you?

Segmented price guidance. Review collected by and hosted on G2.com.

Response from Adela Sykorova of Pricefx

Thank you for sharing your feedback! We're thrilled to hear that Pricefx has been instrumental in boosting your Negotiation Guidance. We look forward to the possibility of you exploring our full suite of modules and seeing how they can further enhance your pricing strategies.