In the modern marketplace, price drives everything we do.
The cost of a new car can determine if a consumer will splurge on the latest features or look at a previous model. Supply chain issues and labor shortages influence a restaurant’s menu prices, which may convince us to stay in or eat out that week. Even selecting chicken in the supermarket is impacted by price: Putting back the $8.90 package to pick up a different brand for $8.06 convinces us we’re getting a deal.
But how exactly are those prices determined? And how can businesses working within a complex, fluctuating market keep up with changing costs for their consumers while still turning a profit?
Enter Pricefx.
As a global cloud-based price management platform, Pricefx is on a mission to innovate configure-price-quote (CPQ) software to help B2B and B2C companies maximize their margins. By combining a remote-first hiring approach with a data-driven internal culture in order to harness unique perspectives, teams like the customer solutions branch are reshaping what’s possible for both their clients and the organization.
“We received some very valuable information during our most recent all-hands meeting in thinking about different ways we can impact our customer,” said Senior Project Manager Rhonda Humes. “We had presentations covering how to implement user data readiness and how our pricing scientists are simplifying complex analytic processes. These types of things set us apart from other vendors in the pricing spaces because we’re continually thinking about how do we not only improve the capabilities of our product, but how do we improve our customers’ experience?”
This drive toward continuous innovation is partly a result of Pricefx’s dedication to frequent retrospectives by addressing challenges and solutions head-on, but it also stems from leadership’s belief in the power of transparent communication to build authentic trust and camaraderie. These values have allowed internal teams to not only rely on each other while working remotely across the globe, but forge an autonomous culture that allows individuals to grow by taking pride in every project they tackle.“Pricefx is extremely caring, coming all the way from the top,” said Solution Architect Cory Clark. “It’s clear the company was started with employees in mind, there’s a culture of ‘everybody listens’ and there’s always room to bring up new ideas. You definitely feel heard when you talk about trying something new and leadership actually takes action on it.
