Pricefx Invests in Next-Generation of Pricing Professionals With University of Rochester Partnership

By AIT News Desk On Jan 23, 2020

Simon Business School Student Pricing Competition Will Utilize Pricefx’s Award-Winning Technology and Use Cases From Customer IRON Mountain

Pricefx, the global leader in native cloud pricing software, is partnering with the Simon Business School at the University of Rochester and Iron Mountain to sponsor the 2020 Simon Pricing Club Case Competition. This is the first implementation of Pricefx Next Gen, a program designed to support the real-world applications of pricing in educational settings. Pricefx customer Iron Mountain, the leading storage and information management services company, will also participate in the competition, providing the case and serving on the judging committee.

“As a pricing professional in the business world, it is important to me that we help educate and train the next generation on the latest tools and strategies to support business needs.”

“The velocity of innovation and change in business today requires students to master current technology, adapt quickly, think critically, and work in diverse teams,” said Patrick Moorhead, Chief Marketing Officer of Pricefx. “This program is focused on putting real-world technology in the hands of students in order to better prepare them for careers with businesses who are using modern, digital approaches to compete. Partnering with Simon Business School is an example of how Pricefx is living its values by being friendly to the broader pricing community.”

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“Partnerships between business, technology and academia are critical to preparing students for emerging business challenges and developing the capabilities needed to integrate new technology tools and analytics into business operations,” said Stephen Haggett, Vice President Revenue Management of Iron Mountain. “As a pricing professional in the business world, it is important to me that we help educate and train the next generation on the latest tools and strategies to support business needs.”

In the competition, student teams will be asked to solve a real-world business problem based on a mix of pricing, strategy and analytics. Students receive access to and instruction on Pricefx’s SaaS solution for Price Optimization, Management (PO&M) and Configure-Price-Quote (CPQ) to help them build a winning response.

“Universities play an important role in preparing students for success in the workforce and meeting the needs of today’s businesses,” said Steven Simpson, MBA Director, Marketing & Pricing at Simon Business School. “As the first Business School to offer a dedicated specialization in pricing within its STEM-designated MBA and MS Analytics graduate programs, we are excited to partner with Pricefx and Iron Mountain for this year’s case competition. Working with the technology and business sectors enables Simon Business School to stay at the forefront of current workforce trends and provide hands-on educational opportunities to students.”