At Paramantra, we understand the challenges businesses face when it comes to pricing their products or services. Inconsistent pricing, delays in approval, and difficulty maintaining proportionality are just a few of the hurdles that companies encounter. That is why we have developed an enterprise-grade solution to help our customers build, manage, execute, and strategize around their pricing policies.
Paramantra enables you to define parameters such as the source of pricing data, whether it is from your product catalogue, internal software or web sources. We offer dynamic pricing option that includes location-based pricing, client-specific pricing, volumetric pricing, or a mix of more than one of these strategies. Our simulation and projection tools make it easy to analyze different pricing strategies, identify areas for improvement, and predict the impact of specific pricing decisions.
We also make it easy to standardize and institutionalize your pricing policy, which can reduce friction during customer interactions and lead to more optimized sales cycles. By driving consistency in pricing and decreasing complexities in discounting policies, you can increase your deal closure ratios and improve accuracy of quotations and financial offers with streamlined and effective automated or system-based approval processes.
Our analytics platform provides insights into which pricing configurations have performed well in the past, as well as analysis of your profit margins. Our flexible pre-approved and ad-hoc discount approval mechanism reduces potential value erosion, delays to quote, and improves transparency with your customers.