Dynamic Discounting with AI

We are proud to present Pratham Software’s Case Study 7: which is Dynamic Discounting with AI.

About: The customer is one of the Big 4 business consulting firms, known for their expertise in developing effective pricing strategies. Their goal was to build a comprehensive pricing strategy product that could serve clients across multiple industry verticals.

Business Need: The discounting process for the client’s pricing strategy was highly complex, involving a variety of attributes related to customers, products, and orders. These attributes were difficult to capture using traditional rules-based systems, and pricing analysts struggled to manage so many dimensions. The client needed a solution to generate discount guidelines that could accommodate the wide array of variables while providing actionable insights to assist pricing analysts.

Solution: Pratham Software GmbH conducted an in-depth analysis of historical discount data and identified the most significant features. The team then delivered an AI-based solution that generates discount guidelines, using techniques such as feature boosting, outlier detection, portfolio selection, approval workflows, and built-in guardrails to ensure guideline integrity and accuracy.

Software Tools realizing Dynamic Discounting with AI

• Machine Learning (Random Forest)
• Python
• React JS
• Kubernetes
• EMR (Elastic MapReduce)
• S3
• Octopus
• OKTA

Results:

• Better alignment with customer willingness to pay
• Improved deal closure and profitability
• Enhanced operational efficiency

This solution : Dynamic Discounting with AI empowered the client to optimize discounting strategies while ensuring accuracy, consistency, and enhanced decision-making capabilities for pricing analysts.

Interested to learn more from Pratham Software’s exciting AI case studies?

Having studied our Pratham Software AI Case Study 6: Automatic Account Assignment, please also check our other case Studies!

• Case Study No. 1 Automatic Sampling of BIM Description
• Case Study No. 2 Loan Default Early Warning
• Case Study No. 3 Centralized Chatbot with Azure open AI
• Case Study No. 4 Train Rolling Inspection & Alerting by AI
• Case Study No. 5 Automatic Invoice Processing by AI
• Case Study No. 6 Automatic Account Assignment

At Pratham Software GmbH, we specialize in creating AI-driven solutions that tackle industry-specific challenges, automate processes, and boost profitability. This is just another example of how our AI expertise can transform your back-office operations and make your business more efficient.

Stay tuned for more innovative case studies as we continue to demonstrate how AI can be harnessed to bring tangible business value. Interested in transforming your financial operations with AI? 💡 Contact us today to explore how Pratham Software GmbH can help streamline your business processes.