Revenue operations teams are responsible for all aspects of revenue, which includes sales activities, product pricing, market promotion budgets, and so on. Finance teams utilize Akkio to predict sales transactions, forecast revenue, and more.
Pricing decisions are highly dependent on demand forecasts provided by finance teams. With Akkio, you'll be able to build sophisticated models that predict when products will sell out or when pricing needs to be adjusted. This gives you the ability to make more timely adjustments in order to maximize revenues and customer lifetime value.
Leverage CLV modeling to understand the value your customers are generating over their lifetimes, including how much money each customer spends with you relative to other customers in similar cohorts. Any increase in lifetime value creation translates into an increase in profitability per customer.
With Akkio, revenue forecasting accuracy goes up. Finance teams can use advanced forecasting models to determine when to make pricing adjustments or promote products. This helps reduce delays, shortages, and overages, which translates into lower costs and increased profitability.
Leverage Akkio’s prediction capabilities to gain additional insight into your customers. By analyzing the relationship between products, customer segments, promotions, and so on, you can identify themes that drive higher ACV for certain product categories. This leads to more informed pricing decisions and improved profitability.