Deploying advanced AI-driven tools to gather and structure contractual information, building a comprehensive pricing database for a global travel logistics firm.
The Challenge
The global travel logistics firm was facing significant challenges in managing and leveraging its pricing data effectively. With pricing information buried in various contract documents and scattered across multiple systems, commercial teams found it difficult to:
This lack of visibility and easy access to pricing data made it harder to optimise pricing strategies, identify revenue opportunities, and maintain a competitive position in the market.
They needed a solution that would allow them to easily query and analyse their pricing across multiple dimensions, ensuring that they could make informed, timely decisions.
The Solution
QuantSpark leveraged the extraction and outputs from its ARC AI solution to create a centralised pricing database tailored to the client's needs. The solution offers an intuitive, user-friendly interface that allows users across the organisation to query and analyse pricing data with ease. This solution provides visibility into historical and current pricing, empowering the business to make smarter decisions and optimise their pricing strategies.
The first phase of the solution is composed of three key capabilities:
1. Visibility:
These capabilities ensure the client can track pricing variations, compare data across customers and stations, and use insights to drive commercial decisions.
Visual Insights
Next Steps
We have created a detailed roadmap focused on generating ROI for the global travel logistics firm through a more competitive and intelligent pricing solution. This roadmap outlines both short-term and long-term initiatives to ensure continued value.
In the short term, we focus on:
Looking at the long term, our strategic roadmap includes:
These steps are designed to ensure that the client's pricing decisions are not only data-driven but also aligned with market conditions, ultimately leading to greater ROI and a stronger competitive edge.
By addressing the client's pricing challenges, QuantSpark’s solution has achieved streamlined decision-making, improved competitive positioning, and supported overall business profitability.
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