PROS Smart Price Optimization and Management (POM) Overview

PROS offers AI-powered price optimization and management solutions. Businesses can enhance their pricing strategies using advanced AI pricing science provided by PROS.

This is a summary of the comprehensive capabilities and benefits of PROS Smart Price Optimization and Management (POM) based on over 36 insights from peer reviews, customer testimonials, and expert opinions. We included citations from these sources so you can read the full content at the original source if you wish.

PROS Smart Price Optimization and Management (POM), belong to a category of solutions that help CPQ. Each of them excels in different abilities. Therefore, determining the best platform for your business will depend on your specific needs and requirements.

Do you need to check if PROS Smart Price Optimization and Management (POM) is right for your needs? Our Cuspera AI engine can evaluate how PROS Smart Price Optimization and Management (POM) fits your specific business needs, industry, and context. Get your personalized assessment report today.

PROS Smart Price Optimization and Management (POM) supports business activities such as:

  • Proposal & Quote Management
  • Revenue Cycle Management
  • Forecasting
  • Lifetime Value Management
  • Merger And Acquisition

PROS Smart Price Optimization and Management (POM) can help you with many business goals, such as Increase Sales & Revenue.

PROS Smart Price Optimization and Management (POM) was founded in 2011.

Reviews

"...PROS Guidance is a patented segmentation approach, that includes micro-segmentation, price management, pricing optimization, forecasting, and capacity optimization...." Peer review

PROS Smart Price Optimization and Management (POM) Reviews

11 buyers and buying teams have used Cuspera to assess how well PROS Smart Price Optimization and Management (POM) solved their CPQ needs. Cuspera uses 36 insights from these buyers along with peer reviews, customer case studies, testimonials, expert blogs and vendor provided installation data to help you assess the fit for your specific CPQ needs.

Business Priorities

Increase Sales & Revenue is the most popular business priority peers achieved using PROS Smart Price Optimization and Management (POM).

Other priorities:

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Use Cases

Peers recommend Proposal & Quote Management , Revenue Cycle Management , Forecasting , as the business use cases that they have been most satisfied while using PROS Smart Price Optimization and Management (POM).

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Customer Stories

HAWE Hydraulik - Manufacturing

HAWE Hydraulik used PROS Sales Agreements solution to move from spreadsheets to AI-powered tools. They wanted to solve problems with sales agreements, mass price changes, and manual data entry. The c...ompany started a digital transformation journey with PROS. As a result, they improved how they manage sales agreements and pricing. The solution helped them work faster and more accurately.

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Crescent Electric Supply Company (CESCO) - Distribution

PROS helped Crescent Electric Supply Company (CESCO) improve their pricing processes. CESCO faced challenges with manual pricing and outdated data. PROS provided analytics dashboards and centralized ...price management. This solution led to margin gains, better pricing accountability, and more focus on high value tasks. CESCO now uses data-driven recommendations for pricing decisions.

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Thai Airways - Airlines

Thai Airways used airTRFX Custom Pages to promote a 60th Anniversary campaign. They offered loyalty program members triple miles for booking future flights. The campaign used email, push notification...s, and social media to drive traffic. The two-day promotion earned TBH 6.7 million (USD 207K) and 22,500 landing page sessions. Email marketing had a 3.3% conversion rate and brought in 60% of the revenue.

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Wilbur-Ellis - Chemicals

Wilbur-Ellis used PROS Smart Price Optimization & Management with Gen IV AI to improve their pricing process. Before PROS, pricing was manual and slow, covering only half their products. With PROS, t...hey now price over 6,000 SKUs in real time and use all product attributes to set prices. They saw a 2% margin uplift and achieved ROI in less than a year. The new AI solution also made pricing faster, more accurate, and easier for their team.

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Turkish Airlines - Airlines

Turkish Airlines used the PROS Willingness-to-Pay solution to improve forecast accuracy and move toward dynamic pricing. The airline wanted to better understand customer intent and measure price elas...ticity of demand. PROS helped Turkish Airlines manage forecast accuracy at the class block level, which was a new approach for their analysts. The first results after moving a few markets to the new system were positive. Turkish Airlines received strong support and training from PROS during the transition.

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Virgin Australia - Airlines

Virgin Australia used PROS Offer Marketing solutions, including airTRFX and airWire, to improve digital flight pricing. The airline wanted to show the right prices at the right time across all channe...ls. With PROS, they ran tests faster and improved the customer experience. The new tools helped Virgin Australia offer low fares on demand and stay competitive in a changing market.

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Based on peer insights

Cuspera recommends PROS Smart Price Optimization and Management (POM) for

Use Cases Proposal & Quote Management , Revenue Cycle Management , Forecasting
Business Priority Increase Sales & Revenue

IT and Other Capabilities

for PROS Smart Price Optimization and Management (POM)

  • Low
  • Medium
  • High
CAPABILITIES (DATA) RATINGS AND REVIEWS
Data Import

2.93/5 ★

Read Reviews (1)
CAPABILITIES (DATA) RATINGS AND REVIEWS
Data Import

2.93/5 ★

Read Reviews (1)
CAPABILITIES (SUPPORT) RATINGS AND REVIEWS
24/7 Support

3.50/5 ★

Read Reviews (2)
CAPABILITIES (SUPPORT) RATINGS AND REVIEWS
24/7 Support

3.50/5 ★

Read Reviews (2)
CAPABILITIES (OTHER) RATINGS AND REVIEWS
AI Powered

3.46/5 ★

Read Reviews (3)
Analytics

3.76/5 ★

Read Reviews (6)
Custom Reports

3.16/5 ★

Read Reviews (2)
CAPABILITIES (OTHER) RATINGS AND REVIEWS
AI Powered

3.46/5 ★

Read Reviews (3)
Analytics

3.76/5 ★

Read Reviews (6)
Custom Reports

3.16/5 ★

Read Reviews (2)

Software Failure Risk Guidance

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for PROS Smart Price Optimization and Management (POM)

Top Failure Risks for PROS Smart Price Optimization and Management (POM)

Vendor Profile Details

Company Name

PROS Holdings, Inc.

Company Website

https://pros.com/

Year Founded

2011

HQ Location

3100 Main Street, Suite #900 Houston, TX 77002, USA

Employees

1-10

Social

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Financials

SERIES A