If you are responsible for the P&L or commercial operations performance within your organization, it’s likely that the term “pricing engine” is a familiar one. However, precisely understanding the necessary performance standards, integrations, and data processing and calculation capabilities that both define best-in-class and fit the criteria of one company is not as easy. At its most concise:   

A pricing engine is a system of record that can hold all your price records and is used to calculate and deliver prices to any commercial system in real-time. 

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