Lockdown and Error Proof Unit Pricing
This paper is adapted from the speech delivered by Terry Kyle, Australia Country Manager for Financial Risk Solutions (FRS), for the International Business Review Annual Unit Pricing Online Forum, November 2020.
How the new normal presents the perfect opportunity to invest in technology to reduce the risk and reputational damage caused by unit pricing errors.
The paper takes a dive into:
- The challenges lockdown presented for unit pricing
- The impact of unit pricing errors
- Using technology to reduce unit pricing errors, including designing the optimum operating model and automated price validations
- How remote implementations are making technology upgrades easier