What Is NetSuite Pricing Management?
NetSuite pricing management allows you to centrally manage, control and update pricing to maximize profits. With a single system to define and maintain multiple pricing strategies, you’re able to manage pricing for all customers in one place. NetSuite’s promotion engine enables merchants to maximize profits and build customer loyalty with personalized promotional offers.
Create special offers to motivate your customers to purchase products. Promotions help sell slow-moving stock, increase sales and reward valuable customers.
NetSuite is the perfect convergence point for different datasets. We're able to see customer interactions, the status of order lines, inventory detail and shipment information at-a-glance from a single application.
NetSuite Pricing Management Benefits
NetSuite Pricing Management Features
Omnichannel Pricing Management
Centrally define and manage pricing to ensure consistency and accuracy across all channels. With NetSuite ecommerce you can be sure that your customers always see the right price, with any updates reflected in real time.
Multiple Price Levels and Currencies
Easily create and maintain multiple pricing tiers with quantity breaks defined at the item level. Each pricing tier can default to a discount or markup to the base price, and employees have the ability to override it as necessary. If you sell globally, you can define the prices in each relevant currency for complete control of your international pricing strategy.
When you need to make changes to your pricing structure, NetSuite's easy-to-use tools identify items that need to be repriced. Users can apply percentage or dollar increases/decreases, establish rounding rules and preview any changes before applying them.
With SuitePromotions, target specific customers, locations, channels and time periods with personalized promotion. Create promotions that apply to all sales channels — stores, online, phone and B2B orders. Apply multiple promotions to a single order, controlling which promotions can be stacked and which to keep exclusive. In addition, best offer logic and auto-apply intelligence ensure that shoppers get the best available offer and buying experience. SuitePromotions will choose which promotion(s) the transaction is eligible for and apply them automatically. Saved searches and reports allow you to quickly and easily audit promotions as needed.
The NetSuite Rebate and Trade Promotions SuiteApp simplifies the management and execution of manufacturer rebates and trade promotions, saving time and increasing efficiency by centralizing and automating the creation, execution, accrual and reconciliation of vendor and customer rebate programs.