INSIGHT’s specialty is managing complexity.
Businesses with complex quoting or RFPs need to effectively manage an exceptional amount of detail in order to win more, meet customer expectations, and profitably grow the business.
We utilize a ground-up approach to develop quoting solutions that simplify and streamline workflows, capture critical information, and shorten response times. Your business’s unique qualitative attributes and processes are coupled with robust data engineering and analytics to develop a pricing engine that accurately reflects your complexity to deliver optimized quote recommendations. Where gaps in workflows exist, INSIGHT develops tailor-built quoting applications that codify your processes to drive consistency, intelligent decision-making, and transparency. Our technology is made available through our powerful platform, which allows us to deliver operational solutions quickly.
Beyond CPQ implementation, businesses with complex quoting or RFPs will benefit from routine KPI benchmarking and measurement—tool usage, price adoption, win rate, time to quote—to ensure targets are consistently being met and any new challenges are quickly identified and addressed. INSIGHT’s purposeful data engineering capabilities, powerful analytics engine, and deep data science expertise ensure ongoing visibility into your business and a centralized foundation for data-backed decisions. Whether your goal is increased win rate, shorter turnaround times, margin growth, or all the above, INSIGHT is your partner to manage complexity and win more.
Common Challenges
-
Complex Pricing Structures
Some businesses face complexity when engineering, design, or other technical elements go into determining price. This leads to long turnaround times, systems that don’t accurately capture relevant information, customer dissatisfaction, and quotes that don’t align to margin or revenue goals.
-
System Gaps or Complexity
Complex quoting or RFPs may involve multiple systems and processes to produce a quote. Businesses need tools and workflows they can confidently rely on to seamlessly capture necessary information while managing tight deadlines.
-
Lack of Ownership
Lack of clear ownership and transparency across the quoting process results in long response times and customer dissatisfaction.
-
Decentralized Institutional Knowledge
Pricing knowledge and best practices frequently get locked up as institutional knowledge either within a select few individuals or across disparate functions. This decentralized knowledge creates risk for long-term sustainability within the pricing organization.
-
Limited Reporting
Many businesses have limited visibility to pricing effectiveness and impact at a granular level in order to understand historical patterns, surface existing trends, and quickly adjust to improve outcomes.
Meet Our Experts
T
With over 250 dedicated pricing strategy experts, our team helps businesses achieve profit and EBITDA growth through our process proven on over 800 engagements since our founding in 2006.