Overview
Expertise
Open Pricer, based in Paris – France, is a specialist in Pricing & Revenue Management (PRM).
We deliver customer centric PRM solutions with two core application areas:
- B2B service contracts in transport & logistics, travel services, industrial services, telecoms, utilities, media…
- Transactions through electronic systems: e-commerce, B2B portals, telesales…
In these areas, customer characteristics, buying profile and preferences are captured before presenting/quoting offers to the customer and the offers can be tailored customer by customer to maximize expected profit.
Price optimization technology
Open Pricer has developed a patent pending technology that enable enterprises to optimize profitability through improved pricing and revenue management. Key components of this technology are:
- Forward Profitability Calculator designed to model customer order profile and simulate profit taking into consideration different profile scenarios
- Predictive choice modeling based on customers’ transaction data is designed to optimize offers on the Internet and offline channels and to measure price elasticity in dynamic pricing environments
Developing skills in pricing and revenue management
Developing skills in Pricing & Revenue Management is a key success factor for enterprises in competitive markets.
Companies that have put in place processes and decision support tools to improve this area achieve superior financial results and often become leaders in their markets.
Lagers often leave hard money on the table due to pricing innacuracy and errors.
Open Pricer and its partners help enterprises to achieve excellence in the PRM area:
- Processes for the definition of the pricing policy, its control, enforcement and and systematic monitoring
- Decision support, execution and monitoring systems
- Improved skills across the organization