PROS Smart POM Review: AI-Powered Real-Time Pricing for Omnichannel Success

Discover how PROS Smart POM leverages AI to deliver real-time pricing strategies that boost revenue and profitability across multiple sales channels.

Introduction

In the rapidly evolving e-commerce landscape, retailers must navigate the complexities of setting competitive prices that maximize profits while attracting customers. Omnichannel Pricing Solutions have become indispensable in achieving this balance. One standout tool in this domain is PROS Smart POM, an AI-powered price optimization and management software designed to elevate your pricing strategies across all sales channels.

What is PROS Smart POM?

PROS Smart Price Optimization and Management (POM) centralizes your pricing data, integrates seamlessly with various platforms, and delivers AI-driven insights to enhance omnichannel performance. By leveraging advanced machine learning algorithms, PROS Smart POM helps businesses respond swiftly to market changes, ensuring pricing strategies are always aligned with current trends and customer behaviors.

Key Features

Profit-Driven, Flexible Pricing

Maximize your profitability with consistent and controlled pricing. PROS Smart POM reduces errors, minimizes unpredictable pricing fluctuations, and eliminates unnecessary discounts. Its flexibility allows you to adapt to market shifts, supply chain disruptions, and evolving customer needs with automated price adjustments.

Clear Insights for Smarter Pricing

Make informed decisions with comprehensive analytics and centralized pricing data. PROS Smart POM offers customizable dashboards that provide full visibility into price changes, margins, and revenue. Spot hidden costs and track profits from multiple angles to stay in control of your pricing strategies.

Increase Multi-Channel Sales

Boost your revenue across all sales channels with fast and accurate pricing. PROS Smart POM ensures pricing consistency, personalizes prices based on customer preferences, and uses real-time simulations to refine strategies. The AI-powered insights are grounded in actual data, enhancing win rates and aligning with market trends.

Streamlined Pricing for Faster Deals

Respond quickly to customer needs with real-time pricing for quotes, agreements, subscriptions, and renewals. PROS Smart POM accelerates price reviews with efficient approval workflows and simplifies pricing administration. It also supports global operations with real-time price conversions across currencies and units of measure.

Benefits of Using PROS Smart POM

• Revenue Uplift: Achieve up to a 20% increase in revenue through AI-driven price optimization.
• Margin Improvement: Enhance margins by up to 5% by reducing pricing errors and optimizing strategies.
• Accuracy: Enjoy over 90% accuracy in pricing predictions, ensuring reliable and effective pricing decisions.
• Efficiency Gains: Realize more than 60% efficiency improvement through automated pricing workflows.
• Rapid ROI: Experience a 9-month payback period with a 400% return on investment.

AI & Science Behind PROS Smart POM

PROS Smart POM is built on the industry’s most advanced pricing science, utilizing AI-driven models that adapt to demand shifts, market volatility, and data gaps. The transparent metrics and visual representations of AI performance build confidence in every pricing decision. Additionally, the platform’s adaptability ensures that your pricing strategies evolve in tandem with changing market conditions.

Seamless Integrations

PROS Smart POM is ERP-agnostic, seamlessly integrating with ERP, CRM, CPQ, eCommerce platforms, and customer-facing portals. This integration acts as a single source of truth for all your pricing data, speeding up the time-to-value with the PROS Data Management Platform. Whether you’re managing inventory or synchronizing products, PROS Smart POM ensures your pricing strategies are always up-to-date and efficient.

Customer Success

César Nunes, Executive Manager of Pricing Strategy & Revenue Management, shares his experience:

“Given the complexity of our business and the need to optimize prices, dedicated pricing systems are a fundamental pillar in highly mature companies like ours. The PROS platform plays a fundamental role in our daily lives. In addition to enabling the visibility of results, it also gives us the processing capacity to unfold the complexities of our business.”

Conclusion

PROS Smart POM stands out as a comprehensive solution for omnichannel pricing optimization. Its AI-driven insights, seamless integrations, and robust feature set make it an invaluable tool for businesses aiming to enhance their pricing strategies and achieve sustained profitability. By centralizing pricing data and leveraging advanced analytics, PROS Smart POM empowers retailers to stay competitive in a crowded marketplace.

Ready to revolutionize your pricing strategy? Discover BizPredict’s AI-powered solutions now!