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.
Multiple Pricing Strategies
Establish multiple pricing levels and customer- and currency-specific pricing to ensure your customers are charged the correct amount.
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.
Encourage conversions and grow customer loyalty with SuitePromotions. This tool allows businesses to 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.
Target specific customers, locations, channels and time periods with personalized promotions, including:
- Item promotions: Percentage or dollar discounts on items
- Fixed price item promotions: Items are sold at a fixed, lower price if certain conditions are met
- Order promotions: Percentage or dollar discounts at the order level
- Shipping promotions: Free shipping when the customer selects specific shipping methods
- Free gift promotions: A free item with certain purchases
- BOGO: Buy one, get one free
- Tiered promotions: Discount increases as the shopper buys more products or spends more money