Study: Price-setting concerns plaguing CFOs
It’s a grim scenario: Commodity prices are on the rise, but finance chiefs don’t think they’ll be able to pass those increases on to customers. What’s worse, they aren’t sure what their pricing strategy should be.
That’s the picture a recent Accenture study painted of CFOs’ current predicament.
According to the report, 70% of finance and marketing execs said their firms currently had an “unclear” pricing strategy.
So, why the lack of clarity when it comes to pricing? Sixty-nine percent of the execs said they lacked important pricing analytics, and 64% said they were struggling with inadequate decision-support tools.
One problem that’s holding many firms back: Even firms that do have a number of automated price-setting tools lack the necessary integration of those tools with their various software programs.
- Share on
Free Training & Resources
Webinars
Provided by Yooz
White Papers
Provided by Anaplan
Further Reading
Whether payroll professionals use the most current Excel in Microsoft 365 or an earlier version, they’ll never find enough time to us...
Late or slow payments continue to stall progress for today’s finance teams. These delays often stem from large organizations renegotiatin...
Learn the simple steps to set up and use Excel’s Custom Views feature. Instantly switch between report layouts, filters, and print se...
Adopting AI in the workplace is going to be a struggle unless attitudes about the controversial technology improves. And there’s no g...
In the fast-paced world of financial analysis, consistency is the cornerstone of professional reporting. When stakeholders review your spre...
Although consumers have fully embraced digital payments – peer-to-peer mobile apps, electronic bill-pay services and getting paid via...
