Contract Pricing Functionality

89% of businesses report increased customer satisfaction with individualized pricing structures on online stores and eCommerce platforms. Contract Pricing for B2B e-commerce platforms is more than just a pricing tool; it’s a strategic asset that enhances customer relationships, streamlines operations, and maintains a competitive edge. This functionality enables businesses to deliver highly personalized pricing based on specific contracts, ensuring accuracy and efficiency in B2B transactions.

Contract Pricing Functionality

Benefits of Contract Pricing Functionality

Automated Pricing Adjustments

Contract Pricing automates the application of individualized prices, addressing the complexity and time-consuming nature of managing diverse pricing agreements manually. By automating this process, businesses can ensure accurate and consistent billing, thereby eliminating manual errors that can lead to financial discrepancies. Additionally, this automation frees up valuable resources, allowing staff to focus on more strategic growth initiatives rather than administrative tasks. BigCommerce plans, such as Standard, Plus, Pro, and Enterprise, support automated pricing adjustments, making it easier for businesses to manage pricing based on their specific needs and online sales volume.

Streamlined Ordering Process

Contract Pricing enhances the ordering process by automatically applying contract-specific prices during transactions. This reduces the time and effort required for clients to make purchases, providing a seamless and efficient procurement experience. As a result, customer satisfaction is significantly improved, as clients can quickly and easily complete their orders without needing to manually check for agreed pricing terms. This streamlined process also increases overall operational efficiency by minimizing the need for manual price adjustments and verifications. The BigCommerce enterprise plans further enhance the ordering process with features like custom product filtering, priority access to help and support, and the ability to sell over $400k per year.

Adaptive Custom Pricing Strategies

Contract Pricing allows businesses to swiftly adjust prices in response to market fluctuations, ensuring they remain competitive and profitable. This capability enables businesses to react quickly to changes in supply costs, demand shifts, and competitive pricing strategies. By maintaining flexibility in their pricing models, businesses can uphold their contractual obligations while also taking advantage of new market opportunities. This adaptability is crucial for staying relevant in a dynamic market environment and for protecting profit margins in the face of external pressures. BigCommerce Enterprise offers adaptive pricing strategies, including custom pricing and priority support, to help businesses navigate these challenges effectively.

Technical Details

System Components

Contract Pricing relies on a robust technical infrastructure to function efficiently. BigCommerce pricing includes various plans such as Standard, Plus, Pro, and Enterprise, each with different costs and features. Cloud-based servers with ample storage and processing power are essential for platforms like BigCommerce and Shopify, ensuring seamless operation and scalability. A strong SQL database is crucial for managing detailed transactional data, providing a reliable foundation for data storage and retrieval. Backend frameworks such as Node.js handle business logic, while frontend frameworks like React create responsive and intuitive user interfaces. Additionally, understanding the BigCommerce cost and choosing the right subscription plan is vital for businesses to manage expenses effectively.

User Interface and Customization

The user interface for Contract Pricing must be intuitive and user-friendly. The dashboard should clearly display all relevant pricing information and contract details. Customization options allow businesses to set various pricing thresholds and conditions based on individual contracts. Role-Based Access Control (RBAC) ensures that only authorized personnel can access and modify pricing data, maintaining security and control. These customization features ensure that the system aligns with the specific needs and policies of the organization. The BigCommerce Enterprise plan also includes priority support, supporting price lists, unlimited API calls, and a dedicated account manager.

Integration and Security for eCommerce Platforms

Seamless integration with existing business systems such as ERP and CRM is vital for data consistency and operational coherence. Businesses using BigCommerce Plus, Pro, or Enterprise plans can qualify for negotiated payment processing rates with PayPal powered by Braintree. This integration ensures real-time data synchronization, reducing the need for manual data entry and minimizing errors. Merchants can benefit from special credit card rates and advanced site functions with PayPal powered by Braintree. Security is a paramount concern, and Contract Pricing systems implement robust measures to protect sensitive financial data. Setting up a PayPal powered by Braintree account is part of the eligibility criteria for specific pricing plans and payment processing rates within the BigCommerce platform. Data encryption safeguards information during transmission and storage, while regular security audits identify and address potential vulnerabilities. Compliance with legal standards such as GDPR is maintained, ensuring that data protection regulations are adhered to rigorously. Pricing plans exclude all forms of tax (US Sales, GST, VAT), and prices are in US Dollars.
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How does Contract Pricing streamline the approval process?

Contract Pricing automates the application of individualized prices, reducing the complexity and time required for manual approval processes. This automation ensures quick and accurate purchase order processing, eliminating bottlenecks and enhancing operational efficiency.

What kind of security measures are in place for Contract Pricing?

Contract Pricing systems implement robust security measures, including data encryption during transmission and storage. Regular security audits are conducted to identify and address vulnerabilities, ensuring compliance with legal standards such as GDPR.

Can Contract Pricing be customized to fit specific business needs?

Yes, Contract Pricing can be customized with various pricing thresholds and conditions based on individual contracts. Role-Based Access Control (RBAC) ensures that only authorized personnel can access and modify pricing data, aligning the system with organizational policies and needs.

How does Contract Pricing ensure compliance with internal policies and external regulations?

Contract Pricing enforces adherence to internal policies and external regulations by automating the application of contract-specific pricing rules. This consistency helps maintain compliance and reduces the risk of legal and financial penalties.

What are the integration capabilities of Contract Pricing with other business systems including unlimited API calls?

Contract Pricing offers seamless integration with ERP and CRM systems, ensuring real-time data synchronization and operational coherence. This integration minimizes manual data entry and errors, enhancing overall efficiency and data consistency.

How does real-time tracking in Contract Pricing benefit spend management?

Real-time tracking provides visibility into current expenditures, allowing businesses to monitor and control their budgets effectively. Approvers can evaluate purchase requests against financial commitments, ensuring spending aligns with the company's strategy and financial goals.

What kind of priority support is available for Contract Pricing implementation and maintenance?

Comprehensive support for Contract Pricing implementation includes requirement analysis, system design, development, integration, testing, deployment, and user training. Post-deployment support ensures smooth operation with periodic updates and enhancements.