B2B Payments

Zillant Partners With SAP For Pricing Optimization

Zillant, which works in B2B price optimization, price management and sales guidance software, is partnering with SAP on helping distributors get the most out of pricing and customer experiences, a press release says.

According to Greg Peters, president and chief executive officer for Zillant, the challenge for distributors comes in pricing things right so as to get the best from a product. Wholesale distributors face “massive complexity,” according to the release, having to juggle numerous products and customers, along with challenges from new startups or nontraditional types of retail.

“Distributors are challenged to set, manage and execute pricing strategies that meet profit and loss objectives, enable sales reps to win deals, and foster an excellent customer experience,” he said, according to the release. “We’re thrilled to announce this important SAP partnership and collaboration with the SAP Wholesale Distribution Business Unit to help distributors master a true price optimization approach and easily respond to rapidly changing business dynamics and market changes.”

The Zillant Global B2B Benchmark Report says that distributors have been known to miss out on around 100 to 300 basis points for incremental margin because of poor pricing, the release says.

Zillant uses a modular, cloud-focused solution that will work on price optimization challenges and integrate with best-in-class SAP solutions like SAP S/4HANA®, SAP CPQ and SAP Commerce Cloud, which will help to link pricing with the best strategies to get results.

Rajiv Ramachandran, vice president of product management and engineering at Coupa, said when speaking with PYMNTS that the reliance on paper processes and manual means was shaken when the pandemic hit.

The opportunity now, according to him, is a reimagining of the process to expand into a holistic experience that brings value to buyers and suppliers. Optimizing B2B payments will come with challenges of supporting end-to-end transactional visibility and data integration, with the end being better cash flow management and a unified experience for all parties.

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NEW PYMNTS STUDY: ACCELERATING THE REAL-TIME PAYMENTS DEMAND CURVE – NOVEMBER 2020

About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.

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