PROS Industry-Leading Pricing Advances Global Business Strategy for B Braun Medical

Rhea-AI Summary

PROS has announced the selection of its Smart Price Optimization and Management solution by B Braun Medical Inc. to enhance its global pricing strategy. This AI-powered pricing tool enables B Braun to execute personalized, market-relevant pricing adjustments swiftly, ensuring competitive offerings and improved revenue. The integration with Enable for rebate management further streamlines pricing strategies, allowing B Braun to maintain flexibility and control over its pricing across regions. The collaboration underlines PROS' role as a leader in SaaS solutions for pricing optimization, amid rapidly changing market dynamics.

Positive

• B Braun selected PROS Smart Price Optimization to enhance pricing strategy and competitiveness.
• Real-time dynamic pricing improves market visibility and revenue forecasting.
• Integration with Enable enhances rebate management, aiding competitive pricing.

Negative

• None.

Real-time dynamic pricing provides market-relevant and optimized pricing, fueling personalized offers to customers across the globe

Seamless integration with Enable rebate management capabilities helps achieve competitive and profitable sales

HOUSTON--(BUSINESS WIRE)-- PROS^® (NYSE: PRO), a market-leading provider of SaaS solutions optimizing shopping and selling experiences, today announced B Braun Medical Inc. (B. Braun) has selected PROS Smart Price Optimization and Management to advance its global business strategy by incorporating AI-powered pricing into its strategic initiatives. PROS real-time dynamic pricing will provide more visibility into market dynamics, improving how B. Braun forecasts and optimizes prices to deposition competitive offerings and drive revenue profitably on a recurring basis.

Today’s rapidly changing market conditions have perpetuated the need for businesses to quickly and more frequently execute personalized, market-relevant pricing adjustments across all channels to maintain margin and revenue profitability.

B Braun, a global pharmaceutical and medical device company headquartered in Melsungen, Germany, faced this same problem and selected PROS Smart Price Optimization and Management Advantage to provide the speed and agility needed to execute pricing adjustments at scale—allowing them to optimize prices faster and more accurately. With PROS, B. Braun ensures pricing strategies can be executed consistently across the globe while allowing for flexibility to adapt on a per region basis. This combination of control and flexibility allows sales teams to deliver personalized prices faster and easier to their customers to ultimately win more deals, profitably.

“The ability to drive real-time, effective pricing that meets the expectations of our customers while improving our margins allows us to stay ahead of the competition and is a critical component of our overall business strategy,” said B. Braun Vice President of Healthcare Strategy & Innovation, Strategic Pricing, Leo Wong. “When reviewing pricing solutions, PROS quickly proved themselves not only as technology leaders, but as true experts in pricing, with the only solution that could meet every capability we were looking for and seamlessly integrated into our existing technology stack.”

PROS Smart Price Optimization and Management Advantage, part of the PROS Platform, helps businesses develop effective omnichannel pricing strategies and drive hassle-free execution at scale, adding precision and excellence to their pricing practices. With smart analytics and reporting tools, pricing leaders can drive better alignment with C-level executives and key stakeholders, ensuring informed decisions are made and personalized dynamic prices are delivered to buyers across every channel.

Within the PROS Platform, B. Braun is also leveraging the rebate management capabilities of Enable. Driven by a seamless integration, the combined solution allows for off-invoice rebate incentives and agreement terms at the time of quote generation, dynamically calculating margins to ensure the most competitive and profitable sale. Together, PROS Smart Price Optimization and Management and Enable provide an end-to-end global pricing and rebate management solution that allows B. Braun to maximize the potential of every customer relationship and maintain a competitive edge.

“Companies that wish to remain competitive need to quickly, frequently and at scale deliver prices that are market-optimized and highly personalized—taking into account specific requirements such as agreements and rebates,” said PROS Vice President of Products and Solutions, Nadine Pyter. “By harnessing the combined power of the PROS Platform and Enable rebate management, B. Braun is positioning itself to consistently lead in its market, develop the strongest customer relationships and provide the most competitive pricing and profitable sales across every channel, every time.”

For more information on the market-leading PROS Smart Price Optimization and Management SaaS solution visit https://pros.com/products/price-optimization-software.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a market-leading provider of SaaS solutions that optimize shopping and selling experiences. Built on the PROS Platform, these intelligent solutions leverage business AI, intuitive user experiences and process automation to deliver frictionless, personalized purchasing experiences designed to meet the real-time demands of today’s B2B and B2C omnichannel shoppers, regardless of industry. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of SaaS shopping and selling optimization solutions to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with AI-powered solutions and its current expectations of the benefits of SaaS shopping and selling optimization solutions for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s SaaS shopping and selling optimization solution needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of SaaS shopping and selling optimization solutions such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005132/en/

Amy Williams

awilliams@pros.com

713.335.5978

Source: PROS Holdings, Inc.

FAQ

What did PROS announce on March 8, 2023?

PROS announced that B Braun Medical Inc. selected its Smart Price Optimization and Management solution to enhance pricing strategy.

How does PROS Smart Price Optimization benefit B Braun?

It allows B Braun to execute personalized pricing adjustments quickly, ensuring competitive offerings and improved revenue.

What is the significance of the integration with Enable?

The integration allows for better rebate management, enabling competitive pricing strategies for B Braun.

What market challenges does PROS address with its pricing solutions?

PROS addresses the need for rapid and frequent pricing adjustments to maintain margin and revenue profitability in changing market conditions.