19MANUFACTURING TECHNOLOGY INSIGHTSOCTOBER - 2023trading complex product lines, brands undergoing acquisitions, or businesses with diverse sales forces. Another Vendavo product, Margin Bridge Analyzer complements Sales Optimizer, providing an in-depth analysis of price, volume, and other factors impacting a company's economic performance. It unveils useful information often overlooked in standard financial reports and provides an exhaustive account of the facets that impact a company's economic performance. The analytical drillability of Vendavo's solutions offers a notable advantage to users, providing them with flexibility and consistency in reports that used for specific actionable insights, and can be reliably aggregated and reported at the highest levels. Users can specify and build a set of categories for analyzing margins, revenue, price, volume, costs, currency effects, and other variables. The veracity of assumptions remains unchanged across different business units, enabling CFOs to compare the performance of different BUs accurately as they scrutinize comparable metrics and data. The products foster uniformity in data analysis and allow effective cross-functional comparisons. Vendavo provides its products in the form of software-as-a-service (SaaS) model. While some solutions require minimal effort to stand up, others are configured to meet specific business process requirements. The software provider works with clients to strike a balance between customization and investment. Vendavo also offers a rapid onboarding pathway to quickly deploy standard product capabilities within 10 to 12 weeks. This gives customers a vantage point of truly understanding options that meet their objectives, and helps them make better informed decisions on how to best move forward. Alternatively, customers may better understand their requirements and request modifications based on their knowledge. Vendavo is agile and committed to working with customers to accommodate changes as needed. Vendavo's customer engagement model, known as the Vendavo Way, consists of three stages: discovery, onboarding, and realization.In the discovery stage, Vendavo's experts work to deeply understand customers' needs, build a business case, present their capabilities, and model customer outcomes. With an agreement, the team proceeds to the onboarding stage, preparing an onboarding plan, configuring and integrating the client's environment, and testing and deploying the solution. In the final realization stage, Vendavo enables customers to adopt and grow their commercial excellence maturity, optimize ROI, accelerate outcomes, and stay ahead of the curve with strategic and operational improvements. Here, Vendavo's Value Acceleration team functions as an extension of the clients' team and trains the users to generate faster and greater ROI and hit better financial performance and profitability numbers.An excellent case in point that represents Vendavo's capability to enhance clients' bottom line is its partnership with aftermarket heavy-duty truck parts distributor, TruckPro.Prior to partnering with Vendavo, pricing at TruckPro was a bit of an afterthought, receiving insufficient attention and hindering the company's profitability. By leveraging Vendavo's solutions, TruckPro used transactional history to identify optimal prices for each market segment and witnessed strong adoption with their sales team in the field. TruckPro leverages Vendavo Sales Optimizer and strategic product recommendations for sellers' negotiations and cross-sells. As part of Vendavo's Lighthouse program, TruckPro worked directly with developers to build customized capabilities into their solutions.TruckPro generated quantifiable and impressive results: 6,000+ additional sales leads per month, USD 3.7 million in cross-sell revenue in just four months after go-live, and 85% sales adoption, to cite a few. TruckPro partnered with Vendavo due to its extensive expertise in helping businesses improve their pricing and selling processes. Vendavo is home to a wealth of expertise, with team members boasting expansive industry experience. Some have even held leadership positions in global pricing teams of manufacturing and distribution companies. This collective experience allows Vendavo to bring practical insights and wisdom to its consulting and sales efforts.Since its inception two decades ago, Vendavo has maintained long-standing associations with several clients, with some of its very earliest customers--Dell, Emerson, and Corning Optical--still improving profitability with these products. Vendavo's expertise in the domain has helped global distributors and manufacturers across automotive, aerospace, chemical, healthcare, medtech, pharma, and many more industries drive predictable and profitable outcomes for decades. The firm continues to innovate and devise cutting-edge products that anticipate and address the growing needs of businesses worldwide. Our solutions provide our customers with access to competitive pricing and guide them in selecting the most suitable prices for products based on their specific market circumstances
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