Articles from Pricefx

Pricefx, the global leader in AI-powered pricing software, today announced that its CEO Ronak Sheth has been named a 2025 St. Louis Titan 100 honoree. The Titan 100 program recognizes the most accomplished business leaders in their industries using criteria that include demonstrating exceptional leadership, vision, and passion. Collectively the 2025 St. Louis Titan 100 and their companies employ over 42,000 individuals and generate over $77 billion in annual revenues.

Pricefx, the global leader in AI-powered, cloud-native pricing software, today announced its next-generation pricing AI platform and significant additions to its AI roadmap. Platform enhancements, including expanded agentic AI capabilities, added investment in PricingAI by Pricefx™ data foundation and integrations, and new productized price optimization use cases, reduce deployment time and help businesses make critical pricing decisions faster, with greater clarity and confidence.

Pricefx, the global leader in AI-powered pricing software, today announced it will add two key executive leaders to further accelerate the company’s growth trajectory and track record of operational excellence. The appointments of Gary Sher as Chief Financial Officer (CFO) and Lindsay Sanchez as Chief Marketing Officer (CMO) follow an exceptionally strong 2024 in which Pricefx grew subscription revenue 38% year-over-year and secured an impressive 97%+ retention rate. Bringing on these seasoned technology executives demonstrates Pricefx’s continued commitment to building a world-class, global leadership team who will help the company scale and expand its leadership position in the rapidly evolving pricing software market.

Pricefx, the global leader in cloud-native pricing software, today reported achieved remarkable growth in 2024, marked by a 38% increase in annual subscription revenue and its strongest revenue quarter to date. The company’s success was driven by its pioneering AI innovations, strategic partnerships, and unwavering commitment to customer success.

Pricefx, the global leader in AI-powered SaaS pricing software, today announced the release of version 14.0 of its award-winning pricing platform. The new version, Caribou Lou, brings new AI innovation to the price management, optimization and CPQ platform and helps customers better understand and improve their pricing strategies.

Economic uncertainty, shifting consumer behavior, and evolving market pressures will pose significant challenges to companies’ pricing strategies in 2025, according to experts at Pricefx, the global leader in AI-powered pricing software. The unpredictability of market conditions will demand pricing agility and advanced tools to manage margins, maintain compliance, and sustain competitiveness.

Pricefx, the global leader in cloud pricing software, today announced PricingAI, encompassing a full range of AI technologies, from industry-leading generative AI for intuitive insight discovery, to modular and customizable optimization for rapid activation. This composable AI optimization is built on Pricefx’s scalable cloud workbench which is the foundation for modular science “bricks” that provide configurations which are productized into high-impact use cases or Accelerators. Customers using composable AI optimization from Pricefx enjoy the industry’s fastest time-to-value with unparalleled flexibility, while ensuring transparency and data sharing across the entire pricing process.

Pricefx, the global leader in cloud pricing software, today announced it will hold its flagship pricing leadership and customer summit on Sept. 3-5 in Atlanta. Accelerate 2024 brings together more than 500 leaders and influencers from global, cutting-edge companies to share pricing insights on business transformation, next-generation AI, and industry best practices.

Pricefx, the global leader in AI-powered SaaS pricing software, launched its new website, www.pricefx.com, to modernize and sharpen its brand alignment to rapid value creation and industry expertise. The redesigned site focuses on the industry-leading Pricefx platform and software capabilities, offers extensive detail on the company’s industry-specific expertise, and provides numerous examples of how the Pricefx solution is driving rapid time-to-value and exceptional ROI for its customers.

Pricefx, the global leader in AI-powered SaaS pricing software, announced the release of Rampur 13.0 version of its award-winning pricing platform.

Pricefx, a global leader in AI-powered SaaS pricing software, announced that its Optimized Dynamic Pricing solution is now premium certified for S/4HANA. Already available on SAP Store, Pricefx’s end-to-end, cloud-native platform originally launched with integration to SAP Commerce Cloud solutions. Now combined with its new certification for SAP S/4HANA, the SAP endorsed app supports the entire pricing journey. Its AI optimization capabilities are embedded into SAP’s quote-to-cash process and supporting systems, thereby unlocking more value out of existing processes and investments.

Pricefx, the global leader in AI-powered SaaS pricing software, today announced its largest revenue quarter in company history. Quarter-over-quarter net new annual recurring revenue (NNARR) for the quarter ending March 31, 2024 grew by 59% and effective ARR jumped by 45%. Pricefx initiated 12 new customer project go-lives globally, including leading companies in manufacturing, distribution, chemical, and other sectors, and 100% of new business projects will be implemented by the company’s industry leading partner ecosystem. Key new customer wins include Rolls Royce, Kohler, Calumet Specialty Products Partners, and Simpson Strong Tie Co.

Pricefx, the global leader in AI-powered SaaS pricing software, announced that it received a 2024 SAP® Pinnacle Award in the SAP Store category, which recognizes its outstanding contributions as an SAP partner. The company was also named a finalist in the AI Partner Innovation category. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better. Winners and finalists in 26 categories were chosen based on recommendations from SAP, customer feedback, and performance indicators.

Pricefx, the global leader in cloud-native pricing software, announced the release of Clover Club 12.0 version of its award-winning pricing platform. The new version includes major feature enhancements that lay the foundation for additional Generative AI integration and utilize a range of AI capabilities to address more price optimization use cases than any other solution on the market.

Pricefx, the global leader in cloud-native pricing software, announced it will be incorporating new Generative AI (GenAI) capabilities in its award-winning pricing platform in 2024. The new set of GenAI capabilities will bring conversational experiences to pricing professionals, creating the ultimate simplification of user interactions on the Pricefx platform.

Pricefx, the global leader in cloud-native pricing software, announced it achieved record revenue in 2023 with four consistently strong quarters throughout the year. The company reported a 40% annual growth rate and closed three of the largest deals in company history, while the average annual recurring revenue (ARR) per new customer increased by 83% year-over-year, and 27 new customers were added to the Pricefx roster.

Pricefx, the global leader in cloud-native pricing software, today announced that its founder and former CEO Marcin Cichon will retire at the end of the year. Marcin was the driving force behind founding Pricefx, led the business for over a decade, and will continue to act as a board observer and trusted advisor to CEO Ronak Sheth.

Pricefx, the global leader in cloud pricing software, today announced it will hold its flagship pricing leadership and customer summit in Munich on Sept. 14 and 15. Accelerate 2023 is a two-day, executive-level pricing event where the pricing elite meet to network, gain insights and collaborate on industry pricing challenges and solutions.

Pricefx, the global leader in cloud-native pricing software, today announced Matt Brown has been appointed Chief Revenue Officer and David Moss has joined as Chief Customer Officer. Both hires come at a time when Pricefx is poised for significant growth as it expands its partnership ecosystem and product portfolio.

Pricefx, the global leader in cloud-native pricing software, today announced it has partnered with Enable to bring industry-leading rebate management and collaboration tools to its enterprise-grade pricing platform. Enable is the rebate management platform that helps B2B companies take control of their rebate programs and turn them into an engine for growth. This partnership will let businesses unlock the power of pricing and supplier rebates to boost profits while protecting margins.

Pricefx, the global leader in cloud-native pricing software, today announced it has released the Paper Plane 11.0 version of its pricing platform. Based on customer feedback, the new version offers advanced functionality, including improved optimization use cases, actionable insights that identify business opportunities and risks, and visual configuration to design price strategies and approval workflows without coding. As a result, businesses can proactively manage and take action to drive revenue faster than ever before.

Pricefx, the global leader in cloud pricing software, today announced it has been named the sole leader in the Spring 2023 Enterprise Grid® Report for Pricing Software by G2, the world’s largest and most trusted software marketplace. This recognition is based on the responses of real customers using pricing software to define, manage and analyze the best pricing strategies for their products and services.

Pricefx, the global leader in cloud-native pricing software, today announced it has released the Bee’s Knees 10.0 version of its pricing platform. The new version includes Optian-powered Price List Impact Simulation that assesses the business impact of price list updates, while involving all elements of the price waterfall in the related simulation. Pricefx is bringing Optian to market as an overarching name for all current and new Pricefx optimization capabilities that help companies drive profit and other KPIs through price optimization for various business situations.

Pricefx, the global leader in cloud pricing software, today announced it recorded strong growth across sectors in 2022. With more new customers added than any previous year, the company recorded 49% revenue growth in 2022 and more than 100% growth in partner-assisted deals. New customers added to the Pricefx roster include AeroMexico Airlines, Assa Abloy AB, Clemens Food Group, Fiskars Group, United Electronics and Weyerhaeuser Company. Additionally, more than 30 customers expanded their engagement with Pricefx.

The economy is entering 2023 with high inflation, rising interest rates and recession fears which have led to businesses enacting cost-cutting measures, including workforce reductions. Global conflict and economic disruptions will keep organizations on their toes to adapt and find ways to stabilize potential impacts on their supply chain and market demand, according to experts at Pricefx, the global leader in cloud-native pricing software.

Pricefx, a global leader in cloud-native pricing software, today announced it has signed five new wholesale distribution customers. These customers, including U.S. natural food distributor KeHE, selected Pricefx’s SAP® endorsed app to help them deliver a better customer experience, improve margins and maximize their ERP investment.

Pricefx, the global leader in cloud pricing software, today announced a new leadership team following one of the strongest quarters in company history and several large new business wins.

In a downturn, businesses need to be nimble, defensive, and watch customer spending closely. But there are nuances to this recession, riddled with continued supply chain issues, a major labor shortage, an ongoing pandemic, and geopolitical tensions. With an uncertain future, a pricing expert from Pricefx, the global leader in cloud-native pricing software, shares pricing strategies to consider as the economy pushes through inflation, and the recession looms.

Pricefx, the global leader in cloud pricing software, today announced it will hold its flagship pricing leadership and customer summit in Chicago on Sept. 26 and 27. This two-day, executive-level pricing event brings Pricefx customers, prospects, partners, educators and pricing professionals together to better understand, create, collaborate and initiate better pricing for organizations and industries worldwide.

Pricefx, the global leader in cloud-native pricing software, today announced that Ronak Sheth has been promoted to Chief Executive Officer, effective immediately. Sheth was previously President and Chief Revenue Officer and held that position since May 2021.

Pricefx, the global leader in cloud pricing software, today announced that it has been selected as winner of the “Best Price Optimization Solution” award in the fifth annual MarTech Breakthrough Awards. The award was given by MarTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global marketing, sales and advertising technology industry today.

Pricefx, the global leader in cloud-native pricing software, today announced that Aeromexico, Mexico’s global airline and a leader in Latin American aviation, has selected Pricefx to help enhance its travel agency business analytics. Leveraging Pricefx’s award-winning AI technology, Aeromexico will implement Pricefx to evaluate agency performance and improve commission payment insights with future plans to design bespoke, front and back-end Agency commission plans. After the initial implementation, Aeromexico plans to broaden the use cases for Pricefx to other areas of its business to improve commercial performance.

Pricefx, the global leader in cloud-native pricing software, today announced it continues to accelerate growth across sectors with a new best quarter in company history. With more than 25 deals closed, the company recorded 66% year-over-year annual recurring revenue (ARR) growth in the first half of 2022, ending June 30. Key new customers include Aeromexico Airlines, Cigars International, J. M. Huber Corporation, Southwire Corporation and United Electronics. Additionally, Pricefx closed three out of every four deals in its pipeline, more than 10 customers expanded their engagement with Pricefx and the largest customer deal exceeded $1 million in annual subscription.

Pricefx, the global leader in cloud-native pricing software, today announced it has added Sales Compensation to its product line-up as part of the latest release. Pricefx Sales Compensation increases efficiency and transparency, reduces disputes and payout errors, and lowers administration costs. As a result, businesses can more effectively manage compensation and enhance profitability.

Rising food prices and shortages are affecting everyone in the chain, from farmer and ingredient manufacturer to consumer, but who eats the cost? Food industry pricing experts at Pricefx, a global leader in cloud-native pricing software, closely watch, analyze, and strategize the extreme ebb and flow of food price fluctuations of 2022, and brace for many more changes to come for the remainder of the year.

Pricefx, the global leader in cloud-native pricing software, today announced it has won four Gold-level awards for its outstanding product technology and performance. These awards recognize Pricefx’s innovative technology in a variety of sectors and use cases that help customers maximize margins, increase profits and close deals.

The global economy, and Europe in particular, is feeling the impact of product shortages due to the conflict between Russia and Ukraine. Key chemicals that permeate the global product supply chain are sourced in these two countries. Pricefx, the global leader in cloud-native pricing software, urges businesses to consider advanced pricing strategies to sustain good customer relationships, respond to increasing cost pressures, and maintain margins during this time of extreme volatility.

Pricefx, a global leader in cloud-native pricing software, today announced its third year of partnership with the Simon Business School at the University of Rochester to sponsor the Simon Pricing Club Case Competition. Pricefx Next Gen is a program for students to apply real-world data and applications in pricing to further their knowledge and skills ahead of joining the workforce. Pricefx customer nVent, a global leader in innovative electrical solutions, also participated in judging and the competition, providing the case used in the educational setting.

Pricefx, a global leader in cloud-native pricing software, today announced that it received a 2022 SAP® Pinnacle Award in the SAP Store category, recognizing its outstanding contributions as an SAP partner. The company was also named a finalist in the Customer Excellence category. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better. Winners and finalists were chosen based on recommendations from SAP, customer feedback, and performance indicators.

Pricefx, the global leader in cloud-native pricing software, today announced it has won several awards for its technology and growth potential. These awards recognize Pricefx’s groundbreaking AI technology, outstanding growth, and industry-leading partner program offerings that help customers maximize margins, increase profits and close better deals.

Pricefx, the global leader in cloud pricing software, today announced it closed the best quarter in company history due to strong customer and partner traction in 2021. With 26 deals closed in Q4 2021 and 34 new enterprise customers added in 2021, the company ended the year with 45% year-over-year annual recurring revenue (ARR) growth. Key new customers include American Tire Distributors, Extreme Networks, KeHe Distributors and Tamko Building Products. Additionally, Pricefx recorded 95% customer retention and closed 23 customer expansion deals.

As we enter 2022, some hardships that hit the business world since the pandemic began will begin to ease, while others issues will undoubtedly grow more dire, according to experts at Pricefx, the global leader in cloud-native pricing software. The biggest issue for companies in 2022 will be how to react to continuing inflation and the underlying issues of supply chain bottlenecks, energy and commodity price volatility, and continued labor shortages.

Retail has been forced to storm through the pandemic, through economic tidal waves, from global shipping roadblocks, labor challenges, and sweeping empty shelves. As we enter the second holiday season impacted by COVID-19, Pricefx, the global leader in cloud-native pricing software, urges retailers to be keenly aware of their strategies and be ready to adapt to changing conditions.

Pricefx, the global leader in cloud pricing software, today announced it has been named a Leader in the IDC MarketScape: Worldwide B2B Price Optimization and Management Applications 2021 Vendor Assessment (doc # US46742021, September 2021). The report noted Pricefx’s AI-optimized product innovations due to the acquisition of Brennus Analytics, the addition of Plasma benchmarking to its services, and focus on delivering the shortest time to value.

While college degrees have never been more important, they have also never been more expensive. According to the U.S. Department of Education, tuition at public four-year colleges has more than doubled over the last 30 years, even after adjusting for inflation. To pay for the high cost of higher education, students turned to federal and private loans. More than 43 million Americans collectively owe $1.73 trillion in student loan debt. As a result of these skyrocketing prices and student loan debt horror stories, students are increasingly focusing on the cost and value of a college degree.

Pricefx, the global leader in cloud pricing software, today announced strong customer and partner traction in the first half of 2021. As companies in every region are adapting to major pricing fluctuations across the supply chain this year along with increased inflationary pressures, Pricefx is seeing the need for AI-powered pricing solutions continue to grow. The company recorded 34% growth in revenue in 1H 2021 due to new customers and expansion of existing customer implementations.

Companies around the world have trained the muscle of business agility over the last year. The ones who survived were able to pivot and adapt, riding the wave of changes in the market, demand, competition, regulations, and the supply chain. Before the pandemic, a business strategy called Just-In-Time manufacturing was used to minimize the need to stockpile products allowing businesses to cut costs, stay nimble and better adapt to the changing market fluctuations.

Pricefx, the global leader in cloud-native pricing software, today announced that Ronak Sheth has joined the management board and executive leadership team as President and Chief Revenue Officer. Sheth officially started in the role on May 18.

Pricefx, the global leader in cloud-native pricing software, today announced that it has been recognized by SAP as a finalist for a 2021 SAP® Pinnacle Award in the Partner of the Year – Endorsed Apps category. This award recognizes an SAP partner that has created a world-class SAP endorsed app that complements SAP technologies and has contributed a significant amount of value to SAP and its end customers. Last year, Pricefx was a finalist for SAP App Center Partner of the Year.

Pricefx, the global leader in cloud-native pricing software, today announced it has released the industry’s first AI-powered market simulation solution. Market simulation is designed to enable price optimization in context of the overall product portfolio and the competition. It uses Pricefx Next Gen AI technology to simulate and predict the impact of pricing on customer purchasing behavior. As a result, businesses can make better business decisions – informed by predicted impact – to accelerate profit growth.

Pricefx, the global leader in native cloud pricing software, today announced it partnered with the Simon Business School at the University of Rochester to sponsor the 2021 Simon Pricing Club Case Competition. This is the second implementation of Pricefx Next Gen, a program designed to support the real-world applications of pricing in educational settings. Pricefx customer nVent, a global leader in innovative electrical solutions, also participated in the competition, providing the case and participating in the judging round.