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Palo Alto, Calif. – October 24, 2008 – Vendavo®, the leading provider of business-to-business price management and optimization solutions, hosted its 4th Annual User Conference, Vendavo Summit 2008, from October 20-22 in San Jose, California. With more than 200 attendees, Vendavo Summit 2008 was an outstanding success and was the largest user conference in the company’s history. It brought together senior executives, managers, and IT professionals involved in pricing to exchange innovative ideas and best practices to improve margins across their businesses.
Al Crites, chief executive officer of Vendavo, kicked off the conference by discussing the importance of pricing in a challenging economy. In his opening remarks, Mr. Crites highlighted key observations and associated actions in the light of current market conditions including:
- Extreme volatility in the finance, commodity, and energy markets and why rapid, systematic price response to this volatility is critical to driving margins.
- How companies are much more finely tuned now than in previous recessions – low hanging cost reduction opportunities are not available anymore. To succeed in their industry, companies to need to be very strategic about pricing and take advantage of it as their biggest profitability lever.
Mr. Crites also discussed how Vendavo price management and optimization solutions were helping customers address these challenges effectively to improve profits.
The conference featured presentations from multiple Vendavo customers across diverse industries such as high tech, manufacturing, and process. During their presentations, customers shared insights from their pricing transformation journeys and talked about the value that they had realized using Vendavo solutions.
“Our goal with Vendavo Summit 2008 was to better arm customers with the knowledge and insight they need to help their companies navigate through current conditions and emerge as a stronger, more profitable organizations.” said Mr. Crites.
One subject area highlighted at the conference was Vendavo’s pricing science initiatives. Customers across different industries shared their experiences with Vendavo Price Optimization solutions and the success they had achieved. In-depth presentations and interactive discussions helped attendees gain a better understanding of they can leverage Vendavo Price Optimization solutions in their businesses.
The conference also gave attendees the opportunity to learn more about Vendavo’s newest product release, Vendavo 7.0. The release delivers new and improved functionality, enhanced support for complex pricing business processes, increased usability and pricing platform improvements.
An integral part of this year's conference was a Partner Pavilion in which Vendavo partners showcased their solutions and services to customers. Vendavo strategic partners Accenture, Deloitte Consulting, IBM and SAP participated in the Summit as Platinum Sponsors.
“We appreciate the continued support of our partners,” said Jamie Rapperport, cofounder and executive vice president, Marketing and Business Development at Vendavo. “Their pricing insights, best practices and Vendavo deployment expertise help our joint customers realize significant and rapid profitability improvements.”
About Vendavo
Vendavo is the leading provider of price management and optimization solutions for business-to-business companies worldwide. Vendavo Enterprise Pricing Suite solves pricing problems by giving businesses true enterprise-wide control of their entire pricing process. It combines pricing science, pricing best practices, and enterprise-class software to drive small improvements in average prices at every stage of the pricing process, from segmentation to deal close. Together, these improvements deliver big increases in profits – from 10% to 30%. Vendavo is the enterprise pricing solution of choice for some of the world’s biggest names in high-tech, industrial manufacturing, chemicals, consumer products, mill products and distribution. SAP resells the Vendavo solution as the SAP Price and Margin Management application by Vendavo.
To learn more, or to request information, visit www.vendavo.com
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Media Contact:
Gretchen Bender
Greenough Communications for Vendavo
gbender@greenoughcom.com
650-646-3268 x16
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