SPARXiQ

Our partner, SPARXiQ helps our customers ensure that they are staying competitive while driving profitability into their business by utilizing strategic pricing that fits each individual business. The Strategic Pricing module analyzes your database for customer and order information and then classifies customers by type and size. It then exports your customer data to SPARXiQ, which sends back recommendations for pricing items by customer and product.

Solution Benefits

Epicor Strategic Costing and Strategic Pricing help wholesale distributors of all sizes increase their profitability through an integration between Epicor Prophet 21 or Eclipse and SPARXiQ

  • Increase gross margins anywhere from two to four percentage points in the first year alone on affected items
  • Maximize profits by squeezing higher gross margins out of less price-sensitive transactions
  • Support a pricing architecture that is strategic, market-based, and disciplined
  • Build customer loyalty by offering each customer maximum value for money

Features

The Strategic Pricing module analyzes your database for customer and order information and then classifies customers by type and size. It then exports your customer data to SPARXiQ, which sends back recommendations for pricing items by customer and product. The optional Pricing Structure service from SPARXiQ will recommend optimal discount structures across customer and item categories, and the optional Customer SKU service from SPARXiQ will recommend pricing for specific customer/item combinations for your best customers. These recommendations can be imported into your Epicor solution, providing easy updating and maintenance of your pricing structures.

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Cloud

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About

SPARXiQ contains a full suite of analytical tools that let you see how well you are doing in charging optimal prices.  Customers that have implemented the solution from SPARXiQ have seen an increase in gross margins anywhere from two to four percentage points in the first year alone. For many distributors, that would mean a quick return on your investment in Strategic Pricing - in as little as three months.