JustEnough Software has added new functionality to the JustEnough Price Management solution to enable retailers to better manage complete lifecycle pricing.
The new capabilities include a new workflow engine, which supports the use of pre-configured best practice workflows and the configuration of custom workflows that guide users through the pricing and approval process. The latter also provides complete visibility into price change status.
Meanwhile, the Price Management solution has been integrated with JustEnough Promotion Management to enable users to automatically populate promotional prices into the pricing lifecycle, removing potential for human error.
A new validation engine allows users to ensure compliance through creating and enforcing internal and external rules including competitor, rounding, vendor, legal and financial.
JustEnough Price Management will help retailers to significantly improve the management of their products’ price lifecycles and ensure that customers are shown the right price at the right place and time. This should drive sales, improve margins and increase customer loyalty.
“Pricing has come to the forefront as an important piece of the overall retail planning process – especially as consumers have become ever more price sensitive,” said Dan Pahomi, vice president of product strategy at JustEnough. “While other solution providers simply focus on components of the overall pricing process, JustEnough Price Management enables the end-to-end management of product price lifecycles.”
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