In today’s fast-paced business landscape, effective integration between key systems is more critical than ever. That’s where GUMU™ for Sage CRM and Sage 100 ERP comes into play. This powerful and customizable integration link establishes a real-time bi-directional connection between the two platforms, ensuring a seamless flow of customer data.
In this blog, we will delve into the concept of Price Hierarchy, its functionalities, and how it simplifies pricing management for businesses.
The Price Hierarchy followed in the GUMU™ integration mirrors the one used in the Sage 100 ERP application. As a result, users can confidently create sales transactions in Sage CRM, knowing that the pricing information adheres to the established standards set in Sage 100 ERP.
Listing below the pricing hierarchy followed in the GUMU™ Integration according to the priority. (Note: All these pricings are set in Sage 100 and those are called on real-time basis in Sage CRM while adding line items against quotes\orders)
PROMOTION PRICING:
If a sales promotion is currently active the system will apply the promotion price to the transaction. This means that customers will be able to purchase the product at the discounted promotional price instead of the regular calculated price.
This mechanism encourages customers to take advantage of the sales promotion by offering them a lower price than the usual calculated price for the product. It helps increase sales and promotes customer loyalty by providing them with cost-saving opportunities during the promotional period.
CUSTOMER BASED PRICING:
Customer price schedule is a pricing strategy applied to specific customers based on their unique customer numbers. It allows businesses to offer personalized pricing, discounts, or promotions to different customer segments. When a customer places an order, the system looks up their customer number and applies the corresponding price rules to calculate the final prices. This helps businesses build customer loyalty, adapt to market changes, and boost sales by providing tailored pricing for individual customers or groups.
CUSTOMER PRICE-LEVEL SETUP PRICING:
When a customer has a specific price level set up, the system will use the pricing defined in that customer price level to determine the item prices for that customer. This allows businesses to have different price levels for different customers, providing them with personalized pricing.
PRICING BASED ON PRICE CODE SETUP:
Price Code Maintenance is a feature in Sage 100 ERP that lets you set up different pricing methods for your products. You can choose to apply markups, discounts, or quantity-based pricing. These price codes can be assigned to specific items in your inventory.
When you enter an item in a sales transaction, the system automatically calculates the price based on the assigned price code and the quantity you’re selling. If a customer has a specific price level defined in their account, that price level will be used in sales orders. For items without an assigned price code, the standard price for that item is used.
The Price Code Maintenance is particularly useful when you have different groups of customers with specific pricing requirements. You can create custom price levels within each price code and link them to individual customers. This way, you can offer tailored pricing to different customer groups.
If you need quantity-based pricing for specific items or customers, you can either define it directly in the Item Maintenance or Customer Maintenance screens. Price Code Maintenance gives you flexibility in creating a pricing structure that suits your business needs.
PRICING BASED ON STANDARD PRICE CODE SETUP:
User can set up standard price codes in the Price Code Maintenance module. These standard price codes determine the base pricing for your items. When a specific item doesn’t have any other price codes or customer-specific pricing, the standard price code is used to calculate its selling price.
STANDARD PRICING:
The “Standard Price” in Item Maintenance is the default selling price assigned to an item. It serves as the base price for the item and is used when no other special pricing or price codes are set up for that item. This ensures a consistent and predefined price for the item, unless there are specific pricing arrangements in place for it.
Price Hierarchy within the Sage CRM-Sage 100 Integration with GUMU™ that simplifies pricing management, promotes customer-centric pricing, and enhances overall efficiency. The seamless integration between Sage CRM and Sage 100 ensures that pricing decisions are always based on accurate and up-to-date information, making it a valuable asset for businesses of all sizes.
About Us
Greytrix – a globally recognized and one of the oldest Sage Development Partners is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development, and implementation competence.
Greytrix has some unique integration solutions developed for Sage CRM with Sage ERPs namely Sage X3, Sage Intacct, Sage 100, Sage 500, and Sage 300. We also offer best-in-class Sage ERP and Sage CRM customization and development services to Business Partners, End Users, and Sage PSG worldwide. Greytrix helps in the migration of Sage CRM from Salesforce | ACT! | SalesLogix | Goldmine | Sugar CRM | Maximizer. Our Sage CRM Product Suite includes add-ons like Greytrix Business Manager, Sage CRM Project Manager, Sage CRM Resource Planner, Sage CRM Contract Manager, Sage CRM Event Manager, Sage CRM Budget Planner, Gmail Integration, Sage CRM Mobile Service Signature, Sage CRM CTI Framework.
Greytrix is a recognized Sage Champion Partner for GUMU™ Sage X3 – Sage CRM integration listed on Sage Marketplace and Sage CRM – Sage Intacct integration listed on Sage Intacct Marketplace. The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for the processing and execution of application programs at the click of a button.
For more information on our integration solutions, please contact us at sage@greytrix.com. We will be glad to assist you.