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
Further Reading
Although consumers have fully embraced digital payments – peer-to-peer mobile apps, electronic bill-pay services and getting paid via...
Creating standardized input fields for budgeting and expense tracking? Data Validation dropdowns make it easier to control entries and prev...
Risk Management Beyond the SpreadsheetFrom market volatility to supply chain disruptions, unforeseen shocks can quickly stress a company’...
Despite the hype, artificial intelligence (AI) isn’t making much of an impact on payroll yet. A new Zoho Payroll survey of more ...
In the world of finance and data analytics, “noise” is the enemy of clarity. Monthly revenue, stock prices, and operating expen...
When your formulas stretch across sheets, tracking them can feel like a scavenger hunt. Excel’s Watch Window keeps key formulas visible n...
