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Questions and Answers
PRIICE is an innovative software program . . .
that streams continuously changing information from suppliers to their customers, keeping them up-to-date with product information and pricing to maximize their opportunity of selling the supplier's products.
This is facilitated . . .
through a secure, web based platform onto which suppliers upload whatever information they want to distribute (such as new products, price changes, stock availability, marketing promotions, etc), and which PRIICE then downloads to those users who are entitled to receive it, based on each supplier's customer list. Speed, efficiency and security at customer level is maintained by storing the data and the operating system on each individual's computer (whether it be a desktop or mobile) thereby removing the need for the customer to constantly be online, process yet another set of logon codes and passwords or be unable to access the information at critical times should their connection become unavailable or capped.
Closed User Groups . . .
PRIICE is not a program for the general public but is limited to closed user groups within specific industries. It was created from the need to automate the flow of vital business information between suppliers and their customers, enabling each to maximize sales and increase profitability.
To maximize sales, suppliers provide various services to their customers, usually in the form of samples, information about their products, price lists, etc, so they can on-sell the suppliers products with the lowest business overhead - usually measured in terms of time and convenience.
Traditionally, suppliers have provided their customers with printed price lists, partially as a quick on-hand reference and partially to reduce the plethora of phone calls querying prices. However, as the number of suppliers grew, the more price lists the customer had to store - which made accessing the information cumbersome and tedious.
With the advent of email, most suppliers have replaced their printed price lists with spreadsheets or pdf's (portable document formats), but this has not solved the inherent problems associated with price lists, namely: they don't cater for changes in products or prices between printings, (ie, they date very quickly), customers often misfile, lose or don't use them, and even when they do there is no assurance they are using the latest one.
And now, providing even more convenience, many suppliers have introduced online ordering systems to make it easier for their customers to place their orders electronically without them having to manually write them out and fax or email them to the supplier.
But in today's fast-moving business environment that's not enough. Customers don't want to be kept holding on the phone while call centres look up basic information, they don't want to wait for someone to respond to their email requesting details and they don't want to spend their lives logging in and out of different suppliers' websites, in each case having to remember a different password and use a different format.
PRIICE has the perfect solution to solve all these issues seamlessly and cost effectively. And best of all, it requires almost no extra work on the part of the supplier - and no work at all for their customers.
Because now there's a simple system available and which lists up-to-date prices from multiple suppliers on a single screen, together with each item’s specs and information, which sorts multiple products into their various suppliers and seamlessly places orders with each supplier using only a single mouse-click!
And best of all, no logging in and out of multiple websites because this is a single program that’s always open and always ready for use!
Free users - prices and product information are free to members of the trade so they can be assured of up-to-date prices and product specs from participating suppliers.
Trial version – to allow users to enjoy and experience the full power of our software, PRIICE ships free as a full working version for the first 60 days after its initial download.
Conversion to subscription - at the end of this period, each user can decide whether the additional benefits are worth the low monthly fee or whether they want to remain 'free users' - in which case all features other than prices and product information will become disabled. Users who convert, however, will retain all the information they created during their trial period to ensure continuity of their workflow.
Initial Fees - are payable on registration or when a free trial is converted to a subscription, but users who convert before their free trial expires do not pay the intial fee.
Value added tax (vat) – all prices exclude vat which is reclaimable as an input tax for registered vat vendors.
Income tax - as a valid business expense, all payments to PRIICE are fully deductible for income tax, and depending on tax brackets and the type of business there could be additional savings of up to 40% of all amounts paid.
Payment - monthly fees or subscriptions are payable by credit card or debit order drawn monthly in advance.
Different industries - fees may vary for different industries according to their type of product and mix as well as the number of participating suppliers and users in that industry. Users who subscribe to multiple industries pay full fees for the highest priced industry and 50% for each other industry. Multiple users at the same location continue to pay one-third for each industry including the first.
Multiple users at the same location - the first computer or user at every location pays the standard price, but every additional computer or user pays only one-third for the full benefit, theirs also being the full package and not a limited or scaled down version.
Networks – each computer or device needs to be loaded separately so PRIICE can identify the device to facilitate the secure and accurate updating of each supplier’s information on to that device.