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  1. Home
  2. /
  3. PROS Smart Price Optimization & Management
Logo of PROS Smart Price Optimization & Management

PROS Smart Price Optimization & Management

byPROS
in B2B Profit Optimization Software (Transitioning to B2B Pricing and Rebates Optimization)
4.5

Overview

Product Information on PROS Smart Price Optimization & Management

Updated 28th November 2022

What is PROS Smart Price Optimization & Management?

PROS Smart Price Optimization and Management centralizes all your pricing information into a single source of truth. The solution empowers businesses of all sizes and industries to gain control and understanding of their dynamic price strategies and deliver market relevant prices in real time to enable a seamless and consistent B2B commerce experience to buyers. Benefits of PROS Smart Price Optimization and Management - Smart analytics for visibility into pricing and profitability to identify areas for improvement - Real-time price calculations with subsecond response time and no interruption to the business - Dynamic price recommendations that balance maximized profitability with customers' willingness-to-pay - Harmonized pricing across all channels, regions, products, and customers through formula-based rationality

PROS Smart Price Optimization & Management Pricing

Smart Price Optimization and Management is an omnichannel pricing solution that defines pricing strategies, manages prices across multiple channels and geographies, governs pricing approval processes, provides analytics and insights to help manage revenue and profit, and delivers prices in real-time across multiple channels. Smart Price Optimization and Management is available in three editions, Essentials, Advantage and Ultimate.

PROS Smart Price Optimization & Management Product Images

Smart PO&M Waterfall Chart
Smart PO&M Waterfall Chart
Smart PO&M Master Price List
Smart PO&M Master Price List
Price Optimization
Price Optimization

Overall experience with PROS Smart Price Optimization & Management

DIVISION PRICING MANAGER
1B - 3B USD, Manufacturing
FAVORABLE

“Customization at the Core: How PROS Empowers Companies”

5.0
Jun 25, 2024
We launched and have been using the product now for nearly 4 years. PROS has done well to continue to improve and enhance the offerings to their customers.
There are no reviews in this category.
CRITICAL

About Company

Company Description

Updated 7th December 2023

PROS is a company listed on the NYSE under the ticker symbol PRO. The firm specializes in providing Smart CPQ and AI-based solutions that promote growth through digital selling and eCommerce channels. These solutions offer predictive and prescriptive guidance, thus enabling businesses to dynamically price, configure, and sell their products and services with speed, accuracy, and consistency across diverse channels. The company capitalizes on years of data science expertise infused into its industry solutions to serve customers who are market leaders in their respective fields.

Company Details

Updated 10th March 2025
Company type
Public
Year Founded
1985
Head office location
Houston, United States
Number of employees
1001 - 5000
Website
https://pros.com/

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: PROS Smart Price Optimization & Management
Performance of PROS Smart Price Optimization & Management Across Market Features

PROS Smart Price Optimization & Management Likes & Dislikes

Like

The customization of the solution allows users to truly dictate how their company uses it for their organization. The integration is fairly straightforward.

Like

Consistency and ease of maintenance.

Like

Customer service, constantly evolving/improving product, high configuarability

Dislike

Responsiveness of the solution team with RCA when issues exist that don't have a straight forward why. They are quick to solve but not always open about the cause.

Dislike

Issues keeping the test environment in sync with production.

Dislike

Mixed results from the science driven price optimization. The analytics components aren't as robust as tools built specifically for reporting (Power Bi, Tableau, etc...) making reporting slightly worse in a SaaS implementation where 3rd party reporting tools can't be connected directly. Much of the enhancement roadmap for the product seems focused on airlines and food services, leaving some other industries that may have other requirements at somewhat of a disadvantage.

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Peer Discussions

PROS Smart Price Optimization & Management Reviews and Ratings

4.5

(7 Ratings)

Rating Distribution

5 Star
29%
4 Star
71%
3 Star
0%
2 Star
0%
1 Star
0%
Why ratings and reviews count differ?

Customer Experience

Evaluation & Contracting

4.3

Integration & Deployment

4.3

Service & Support

4.3

Product Capabilities

4.1

Filter Reviews
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  • DIVISION PRICING MANAGER
    1B-10B USD
    Manufacturing
    Review Source

    Customization at the Core: How PROS Empowers Companies

    5.0
    Jun 25, 2024
    We launched and have been using the product now for nearly 4 years. PROS has done well to continue to improve and enhance the offerings to their customers.
  • Senior Director Pricing Strategy and Enablement
    1B-10B USD
    IT Services
    Review Source

    Robust and easy to maintain

    4.0
    Aug 30, 2023
    In almost 4 years of use the only downtime has been when Azure has had a global issue which was on the news.
  • IT Analyst
    10B+ USD
    Energy and Utilities
    Review Source

    A solid and robust product with fantastic support

    4.0
    Mar 8, 2023
    The customer service is top tier for both business and IT support. The product is highly configurable and dependable when managed properly. We have had mixed results with the price forecasting; however, the robust options for managing prices based on various inputs and criteria have been highly valuable for pricing our products across the US.
  • Commercial Development Team & Revenue Management Manager
    50M-1B USD
    Consumer Goods
    Review Source

    Outstanding product that became a single source of truth in pricing management

    4.0
    Nov 19, 2022
    PROS has been a great partner in terms of supporting our price strategy and revenue management initiatives, the software has become a single source of truth to my organization and increase tremesdously our price implementation agility and efficiency.
  • Product Owner
    10B+ USD
    Services (non-Government)
    Review Source

    Fantastic product with great potential to create impact

    5.0
    Dec 20, 2022
    State-of-the art pricing solution with continuous upgrades
Showing Result 1-5 of 7

Recommended Gartner Insights

  • Market Guide for B2B Profit Optimization Software (Transitioning to B2B Pricing and Rebates Optimization)

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

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