Situational pricing maximizes revenue.
Companies can use pricing to reflect the value of a service to a market. But when you connect pricing to situational demand, companies can create increased value and competitive differentiation.
This is done using data from IoT sensors or operational systems that can provide insights into usage, capacity, availability of assets or customer behavior, which can then be used to guide a customer’s behavior through pricing incentives.
Connecting pricing to customer situations will enable you to maximize revenue, as not all customers, in all segments, in all locations, in all situations will value your services the same.
Utilize situational awareness.
Dynamics Billing has a powerful data mediation hub,which assesses data from IoT sensors or operational systems for the purposes of rating specific customer types. Situational rules can be applied to offer customers pricing unique to their segment and situation so that each category of service is priced according to the situational value of the customer.
Improve your value.
Using Dynamics Billing, a service provider can increase the value of its services by offering regular services at standard rates and urgent services at premium rates, with premium pricing being set according to customers' contracts.
Omniware Dynamics Billing is integrated with Microsoft Dynamics, which allows you to enhance your ERP / CRM system with powerful billing capabilities and a familiar interface.