Ignition continues to lean in to AI tools, now offering AI-based price insights to help firms better price their services.
Ignition’s latest innovation combines AI with proprietary proposal data to deliver tailored, data-backed price insights at scale, enabling accounting firms to optimize pricing and revenue.
The new tool delivers tailored pricing benchmarks and suggestions that give firms the clarity to price smarter, improve profitability, and optimize revenue. AI-powered Price Insights are embedded directly into the Ignition proposal workflow, enabling firms to optimize pricing for services as they build client agreements.
Key capabilities include:
Price benchmarks: See if service prices sit below, above or within range.
Price suggestions: Get AI suggested optimal prices for services
Price reasoning: View a detailed explanation behind every price analysis.
So how does it work? To deliver tailored pricing guidance, Price Insights analyzes a firm’s service details and compares them to similar services from comparable firms using Ignition. Variables such as location, firm profile, and industry are factored in to tailor insights, while the underlying dataset is refreshed regularly to stay relevant.
Earlier this year, the company launched AutoPricing, the industry’s first feature enabling firms to apply automatic bulk price increases when renewing client agreements or updating agreed services.
Price Insights is available as an annual add-on subscription for customers in Australia and the United States across the accounting, bookkeeping, and digital agency industries.
For more information, go to: https://www.ignitionapp.com/product/price-insights