Pricing governance is key to any global company. It allows enforcing global product strategy, forecasting budgets and soundly reacting to various types of market events. It starts with a good, centralised, and flexible data structure holding all pricing data along with key market insight information.

It is also a process involving multiple stakeholders, at multiple levels of the company, from global to country level levels. A pricing governance system acts in multiple capacities. It is a central location allowing sharing pricing data, but it is also a communication tool managing workflows, approvals and ensuring process traceability. It must hold the complexity while enabling nimble and effective processes.

Over the years, Pythia has been tightly involved with pricing governance processes, helping its clients devise, implement and manage optimised solutions. .