At SquareWorks, we understand that every company has unique needs when it comes to setting prices for customers. While NetSuite’s standard pricing functionality is sufficient for many verticals, some companies have complex business and customer demands, so the SquareWorks Team has developed PriceWorks.
This tailored solution goes above and beyond standard pricing calculation in order to make your sales process more efficient. In this blog post, we will cover the features & highlights of PriceWorks, as well as walk you through some use cases scenarios to determine if this solution covers your pricing needs.
1. Create Powerful Pricing Rules
Extend native NetSuite pricing calculations by creating powerful pricing rules with PriceWorks. Our solution enables clients to calculate pricing based on location, metrics, mathematical formulas, cost, seasonal demands, promotional discounts and more. Let’s look at an example.
A vendor wants to calculate pricing specific to Georgia and Florida. PriceWorks will break out the pricing on the sales order so when invoiced, a journal entry is created that takes taxes out and puts it into a separate account. This way the customer who lives in Georgia is charged something different from the customer who lives in Florida. With PriceWorks, you can use any data point that is available, and we will base your pricing on it!
2. Easily Maintain Pricing Data
While pricing can be maintained manually and through NetSuite-native tools such as Mass Updates, with PriceWorks, we made bulk maintenance of pricing fast, simple, and easy. Manage pricing in Excel and upload your file via PriceWorks. Once your file is uploaded, PriceWorks automatically updates your pricing in NetSuite based on the pricing rules.
3. Switch between Pricing Rules
Seamlessly leverage Effective Date to plan pricing in advance and maintain seasonal and promotional discounts. Once the Effective Date ends, pricing automatically goes back to the original pricing rule which saves you time. Let’s look at an example.
A vendor wants to run a promotion in 2 months that gives the customer 15% off their purchase of $500 or more. The vendor will set these rules up in NetSuite utilizing the PriceWorks solution. Once the 2 months end, PriceWorks will automatically go back to the original pricing before the promotion.
4. Built 100% for NetSuite
PriceWorks is the most advanced pricing solution built 100% for and embedded within NetSuite. There are no integrations needed. Effortlessly create powerful pricing rules, maintain pricing data, and switch between pricing rules right in NetSuite.
5. Seamless Integrations
As a retailer, it’s important to find a software solution that allows you to manage pricing where your items are located. Nowadays, most retailers use SuiteCommerce Advanced, Shopify and other external websites to deliver a better shopping experience for their customers. With that in mind, we have built PriceWorks to seamlessly integrate with external websites so that you can manage pricing rules in one system.
PriceWorks is a tailored solution that accommodates the most complex business and customer demands. With this solution, you can create powerful and flexible pricing rules directly in NetSuite. If you are interested in taking standard pricing in NetSuite to the next level, please reach out to us HERE.
To learn more about PriceWorks, click HERE.