PROS Platform Editions
Key Capabilities
Smart Price Optimization and Management is an omnichannel pricing solution that defines pricing strategies, manages prices across multiple channels and geographies, governs pricing approval processes, provides analytics and insights to help manage revenue and profit, and delivers prices in real-time across multiple channels. Smart Price Optimization and Management is available for purchase in the three editions below:
Great for businesses that need to create holistic, omnichannel pricing strategies and power their digital sales channels.
Great for businesses that want to be equipped to respond the fastest to changing market patterns, with the best price, to win business and improve revenue and profitability.
Great for businesses that want to inform their pricing strategies with demand and capacity forecasting or even their own first-party data science capabilities; and drive more of their business to self-service channels.
Full Edition Comparison
Standard and Customer-defined Unit of Measure Conversions
Leverage standard conversion rates between different units of measure. Execute automatic conversions between units for charts and price lists.
Tiered/Scaled Pricing
Manage volume discounting by defining price scales based on the volume / revenues of units sold. Ability to choose the calculation method and displayed offset type.
Standard and Customer-Specific Unit of Measure Conversions
Define and manage the conversion rates between a default unit of measure and alternative units of measure for specific Products and Customers. Display all Products in designated price lists for specific Customers in predefined units of measure.
Omnichannel Price List Management
View, define and manage price lists for one or more channels (direct sales, partners, eCommerce, etc.), regions, Products, or Customer segments, to operationalize pricing strategy execution and rationality across sales channels.
Price Strategy Management
Build and manage dynamic pricing strategies. Simulate various pricing inputs to help refine and adjust pricing strategies.
Leader-follower Pricing
Define and manage price item relationships to maintain rationality when performing mass adjustment of prices.
On-Demand Currency Conversions
Define, manage and convert automatically price lists, charts, and price evaluations for ISO-supported currencies.
Mass Price Change
Perform scheduled price updates based on updated pricing strategies, costs changes and competitive pricing. Review and approve latest pricing and publish to Customer’s ERP.
Multi-tiered Approval Workflows
Price governance via multiple levels of approval workflows, including routing of price approvals based on pricing thresholds to specific roles.
Revenue and Margin Analytics
Predictive pricing models, configurable charts, and dashboard views. Ability to choose different data display options, filters, groupings and to zoom in on data and comparison tools. Intuitive workflow navigation between charts and price lists.
Price List Scenario Analytics
Create and compare different pricing strategies. Analyze outcomes via aggregated summary metrics (KPIs) and inline analytics.
eCommerce Integrations
eCommerce integration via standard APIs.
Real-time Price Delivery
PROS Pricing Evaluation API to power sales channels with real-time delivery of pricing information.
(Up to 1M monthly price requests*)
(Up to 3M monthly price requests*)
(Up to 10M monthly price requests*)
Commodity-based Pricing
Manage pricing strategies based on commodity index feeds, including averaging index pricing by days or months and calendar management for holidays and exceptions.
Sales Agreement Price Sync
(Requires Advantage edition or higher of Smart Configure, Price, Quote). Automate multiple price changes as a set across existing Customer agreements, with necessary reviews and approvals from Sales and Pricing stakeholders.
AI-Driven Price Optimization for Negotiations
Deliver tailored price recommendations for sales negotiations, based on AI segmentation model(s) from supported metrics that considers historical transactions, Customers' willingness to pay and third-party data.
AI-Driven Price Optimization for eCommerce
Deliver optimized dynamic prices for eCommerce and digital self-serve channels, based on AI segmentation model that considers historical transactions, Customers' willingness to pay and third-party data.
Demand and Capacity Forecasting
AI-based forecasting and optimization in the transportation and logistics industry and commodity industry.
Capacity-aware Price Optimization
Deliver tailored prices based on AI segmentation models, taking available capacity into consideration through PROS’ data-driven revenue management solution.
Extensible AI
Host customer-trained optimization models to tailor pricing and selling recommendations, and return results which can be orchestrated and integrated with other PROS’ services and PROS’ AI-driving price optimization models.
*Additional Features Available: The Ultimate edition of Smart Price Optimization and Management include additional features and capabilities not listed here, including but not limited to, personalized integrations, reporting, and data science-based algorithms. Additional Real-time Monthly Price Requests can be purchased separately. Please contact sales to discuss additional features and capabilities available.
We strive to be transparent about our product editions and the limits that apply and hope you find this catalog useful. Please note that the fees we list here are subject to applicable taxes and that all purchases are subject to the terms of service.
We periodically update this catalog, so please check back here for current information. If you’re looking for definitions of the terms used here, see our terms of service. If you have any questions, please contact sales.
See PROS Solutions in Action
We’re eager to meet you and answer any questions you have about PROS Solutions.
Need to learn more about Smart Price Optimization and Management?
Key Capabilities
Smart Configure Price Quote automates the selling process by delivering performance quoting, a centralized product catalog with rich attributes, and approval workflows to power selling across all types of channels: direct, partner, and eCommerce. Certain editions of PROS Selling also include a flexible configuration engine, customer-specific sales agreements, and subscription management. PROS Selling is available for purchase in the three editions below:
Great for businesses looking to digitize and streamline their selling processes and respond quickly to customers with professional looking quotes.
Great for businesses looking to simplify the selling of more complex products, creating bills of materials, and managing the lifecycle of sales purchase agreements.
Great for businesses that need to create lengthy quotes or want to leverage AI to identify and win every available opportunity to grow their share of wallet.
Full Edition Comparison
Product Catalog
Common Product repository supporting multiple attributes and rich content for multi-channel use.
CRM Integrations
Native integration with Microsoft Dynamics and Salesforce CRMs - catalog, configuration and quoting.
Advanced Search
Search Product catalog, quotes, and quote line-item details using full-text search or multi-criteria filters.
Product Comparison
Select multiple Products from Product catalog and visually compare their characteristics.
Guided Selling
Tailored workflow to allow Users to navigate various selling choices within their Product catalog.
Product and Solution Bundling
Pre-defined and dynamic Product bundling to create personalized offers with negotiated prices.
Price List Management
Price Administration including: Dimension Management, Lookups, Real-time pricing methods, Currency conversion, and Unit-of-Measure conversion.
Price-Discount Waterfall
Deal- and line-level waterfall analytics to view profitability metrics.
Performance Quoting
Performance quoting engine for a pre-set number of Lines.
Up to 1,000
Up to 5,000
10,000+
Multi-dimensional Quoting
Create structured quotes including hierarchy, segmentation and grouping of sellable items throughout the quoting process.
Multi-level Quote Approvals
Trigger native SFDC and MS Dynamics approval processes to enable one (or more) approval(s) per quote.
Word-Based Document Generation
Design and generate quote proposal templates in Microsoft Word and PDF formats.
Microsoft Excel Import/Export
Export and import a quote with header and line-item detail.
Order Submission to ERP
Integrate orders with all ERP systems, including Microsoft, Oracle, and SAP.
Constraints-based Product/Service Configuration
Utilize a configuration engine to define and price Products for Assemble-to-Order, Configure-to-Order, and Engineer-to-Order quotes.
Fast Configuration
Optimize attributes to customize a specific bundled offering.
Parts Quoting
Manage parts information in a common catalog to automate the end-to-end quote-to-order process.
Creation of Bills of Materials (BOMs)
Optimize, streamline, and refine sales and manufacturing processes.
Rules-Driven Price Recommendations
Define and manage price recommendation envelopes per Product/line-item.
Tiered/Scaled Pricing
Provide pricing within a quote based on volume of units sold.
Sales Agreement Terms/Prices
Define customer-specific terms, Products and prices, inclusive of pricing scales/tiers, for repeatable orders.
Agreement Lifecycle Management
Create, amend, renew and terminate customer-specific sales agreements containing negotiated terms and conditions.
Agreement Price Sync
(Requires Advantage edition or higher of Smart Price Optimization and Management). Collaborative mass price change workflow to reflect pricing changes in negotiated sales agreements for every Customer.
Quote Analytics
Analyze and score quotes to review profitability, discounting, and cost-revenue metrics. Ability to incorporate 3rd-party data and insights to enrich the quoting experience.
Access to CPQ APIs for eCommerce and Custom Applications
Extend and integrate Product catalog, configuration and quoting services across multiple sales channels using standard APIs.
Subscription Pricing & Selling
Additional pricing and quoting workflows to support recurring subscription products and services. Define and manage subscription pricing rate plans including one-time and recurring pricing models, fixed-rate, tiered, and usage-based. Includes support for subscription lifecycle management including create, upgrade/downgrade, renew and cancellation.
AI-Driven Churn Detection
AI-driven identification of declining buying patterns based on Customer and segment-level analysis.
AI-Driven Cross-Sell/Up-Sell Recommendations
AI-driven identification of cross-sell and up-sell opportunities based on Customer and segment-level buying patterns.
Automated CRM Opportunity Recommendation and Creation
Automatic creation of CRM Opportunities based on AI recommendations.
2D/3D Product Visualization
Enhanced Product catalog attributes for 2D/3D product visualizations.
We strive to be transparent about our product editions and the limits that apply and hope you find this catalog useful. Please note that the fees we list here are subject to applicable taxes and that all purchases are subject to the terms of service.
We periodically update this catalog, so please check back here for current information. If you’re looking for definitions of the terms used here, see our terms of service. If you have any questions, please contact sales.
See PROS Solutions in Action
We’re eager to meet you and answer any questions you have about PROS Solutions.
Need to learn more about Smart Configure Price Quote?