Many companies today are struggling with the inflexibility of pricing models dictated by their IT systems. The inability to incorporate different client types and product types to optimise pricing structures is ultimately affecting these companies profitability.

The GRACE2 system offers a very flexible pricing model. The user can define any number of product types and customer types and assign as complex a mark-up matrix as required to optimise the profitability.

As an example:

Company X is selling a variety of products and categorises these into 3 different Product Groups with a Low, Med and High mark-up factor. Next, the customer base is split into 3 different Customer Groups; Preferred (discounted price), Standard (regular price) and Retail (high mark-up). Based on the specific mark-ups applied to each Product Group and the relevant mark-up applied to each Customer Group, Company X is able to achieve specific profitability targets against each one and ultimately optimising the profitability of the Company.

Furthermore, the system allows you to set specific price breaks for each product allowing bulk discount to customers. These price breaks can be applied to all or just select Customer Types allowing maximum control.