How Secure Is Your Price Management?
Price management is more than making sure the correct price tags are on the product. Among other things, prices need to be set according to specific parameters, coordinated with promotional campaigns, and monitored & tracked for analysis. But who is able to set the rules? Who can get into your system and change a price? Security has to be a priority in price management because only authorized users should be changing your numbers.
Consistent Pricing In Omnichannel Complexity
Shoppers can now see and compare prices from multiple retailers all over the world by shopping on the internet. They can also see and compare prices within the various channels of a single retailer. Since omnichannel complexity does not hide pricing inconsistency, there needs to be a transparent view of cost for the shopper. There also needs to be a reliable way for retailers to keep pricing consistent despite the complex dynamics of multiple channels.
Secure Payment At Point Of Sale
Nobody wants security risks at the point of sale because recent events have made us nervous. Consumers read news reports of identity theft, retailers have to do massive damage control because of security breaches, and everybody has a heightened awareness of payment concerns. ChainDrive’s system-wide security manager governs what happens at POS, including discounts and promotional price changes.
Appropriate Employee Oversight
Who is able to change a price? If any employee is able to change pricing at any time, the temptation to offer unauthorized discounts is hard to avoid. Some employees may lower a price in good faith, thinking a discount is appropriate. Mistakes at the register can be reduced by appropriate authorization. Price Management Software should provide the ability to control which actions can be taken and who has authority to act. Security in pricing includes limiting who can change prices and allow discounts or promotions.
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