As companies grow and expand, they often face the challenge of managing different pricing structures for their customers. This is especially true for companies negotiating contracts where prices can vary depending on factors such as quantity, period, and conditions.

This is where enterprise resource planning (ERP) software like Epicor P21 comes into play. With its contract-specific price management features, it becomes an invaluable tool for companies looking to optimize their operations and remain competitive in the market.

How does Epicor P21 help businesses with contract-specific pricing? Let’s take a closer look at some of its main features.

First, Epicor P21 allows businesses to create and manage contract profiles that contain all relevant information for each contract, such as customer details, pricing terms, and product details. This makes it easier for businesses to keep track of their contracts and ensures accurate pricing.

One of the main advantages of the Epicor P21 is its ability to handle tiered and multi-tier pricing. This means that companies can create different price levels for different quantities or time periods within a contract. For example, a customer can receive a discount when purchasing a larger quantity of a product and Epicor P21 can automatically apply the correct price based on the quantity purchased. This not only simplifies the pricing process, but also ensures that companies manage their profit margins effectively.

Additionally, Epicor P21’s advanced pricing functionality allows businesses to create and manage contract-specific promotions and discounts. This can be extremely beneficial for businesses with complex pricing structures that need to offer personalized offers to their customers. It also provides real-time visibility into any price changes, ensuring accuracy and consistency throughout the life of the contract.

Moreover, Epicor P21 facilitates integration with other systems, such as eCommerce platforms, companies manage specific contract prices through different channels. This ensures that customers get the right prices no matter where they shop.

In summary, Epicor P21’s contract-specific pricing management features greatly support businesses by simplifying the pricing process, increasing accuracy, and ensuring competitiveness in the market. Thanks to its advanced functionality and integration with other systems, it becomes a valuable asset for companies that want to optimize their operations and improve their relationships with customers.