Pricing Software
Pricing Science and Research
PROS pricing optimization science software brings high value to our customers that cannot be achieved without the use of pricing science -- by providing a range of scientific products. These products are designed to help our customers grow as they seek to address evermore complex pricing problems with appropriate pricing strategies. While traditional business systems such as ERP and CRM capture sales and customer data that have the potential for better decision making, pricing excellence requires that companies go beyond gathering just data. They must use science-based pricing optimization software to transform their data into information and insights that support effective, powerful pricing decisions leading to increased profits and margins.
PROS offers a variety of industry specific pricing methods, ranging from advanced price guidance technologies and contract optimization solutions in distribution, to rate sheet optimization in financial services and beyond. Our unparalleled pricing optimization science is seamlessly integrated into a powerful science platform that allows us to continually expand our science capabilities with the latest research.
In order to successfully maintain and expand these science capabilities, PROS’ science staff covers many specialties in areas such as:
- Econometrics
- Data Mining
- Statistics
- Operations Research
- Management Science
- Game Theory
- Marketing Science
- Computer Science
- Financial Engineering
Our science team currently consists of 30 scientists, 16 of which are Senior Scientists - full partners of our science program with each maintaining at least a half of a decade of experience in applying cutting edge pricing science in software products. Recognizing that a long term investment in science is vital for our customers and differentiates us from our competitors, we are fervent in our dedication to the science of pricing. Over half of our scientists have PhDs and are committed to the advancement of pricing optimization science and its implementation in our software products.
PROS has scientific and practical experience to make pricing science a success in our customers’ organizations. Our Science Advisory Council, which is comprised of faculty from major research universities, helps us keep abreast of leading-edge academic research from throughout the world. Working closely with our customers, as well as our development and professional service organizations, we continue to develop and enhance high value, state of the art scientific pricing software.
